“Crazy Cash City” for a Crazy Cash World

Posted on May 19, 2014 by rblauvelt

A scene from a similar "Crazy Cash City" event in Gallup, New Mexico.

What’s the best way to learn about personal finance? How about a workshop where you get to make financial choices – and sometimes mistakes – but all with play money?

First Nations Development Institute partnered with the Native American Youth and Family Center (NAYA) in Portland, Oregon, to offer a “Crazy Cash City” workshop just yesterday, May 19, 2014. NAYA sponsors an alternative high school known as the Early College Academy that emphasizes student empowerment and academic excellence while integrating core American Indian and Alaska Native values in partnership with parents, families, elders and community members. First Nations is working with the Early College Academy to provide innovative financial education programming, including the “Crazy Cash City” workshop where more than 100 youth will learn the basics of budgeting, bill paying and financial responsibility.

“Students learn best in experiential settings,” noted Shawn Spruce, First Nations’ financial education trainer coordinating the event. “Kids like to hear, see, think and do. They are not just learning the concepts, they are carrying out the actual activities of budgeting and bill paying. Research shows that this is a much more effective learning model for youth than classroom lectures.”

The “Crazy Cash City” workshop is a 90-minute reality fair in which students have to navigate a series of simulated financial tasks designed to teach basic budgeting and banking skills. It is designed to be fun — since they are spending play money and not really buying things — but it is also informative and highly interactive. All participants are given a folder containing a fictitious family profile that listed what their income was, the income of a spouse, the age of any children, and any outstanding debt or benefits they received. The high school kids then visit about 10 booths that provided various choices for housing, transportation, child care and more, and are asked to make smart financial decisions based on their family profile. At the conclusion of the seminar, the students were expected to have a fully balanced budget that they logged in their check register and budgeting sheet. This workshop has been held multiple times with high schools in Gallup, New Mexico, and is based on the Credit Union National Association’s “Mad City Money” program.

Students calculate expenses at a similar event last year in Gallup, New Mexico

The purpose of the event is to give the youth opportunities to practice good spending and budgeting habits prior to entering the “real world” after graduation. The idea is to promote smart and informed decisions that will last a lifetime. This event was made possible with the support of the Bill and Melinda Gates Foundation and the Paul G. Allen Family Foundation. First Nations is honored to be partnering with NAYA on this project, and proudly supports their work in an additional grant supported by The Kresge Foundation. “This event really brings together community partners and it is always great to work with the students and teachers,” said Michael E. Roberts, president of First Nations Development Institute. “We are happy that we found an exciting way to teach youth practical budgeting and banking skills that they can soon apply in the real world.”

By Sarah Dewees, First Nations Senior Director of Research, Policy & Asset-Building Programs

Collaboration & Partnerships Expand in Urban Indian Program

Posted on November 20, 2013 by rblauvelt

Jay Grimm, executive director of the Denver Indian Center, talks about the project

The Denver Indian Center, Inc. and the Denver Indian Family Resource Center are partners in the “Building Strong American Indian/Alaska Native Communities” effort, which is a three-year project that is funded by The Kresge Foundation.

As grant recipients in First Nations’ 2013-2014 Urban Indian Organization program, their project strategy is to improve and expand collaborative opportunities for the two organizations, as well as other partner organizations in metropolitan Denver. They plan to increase participation in new and existing programs, build resources, explore new ways of working together, and enrich communication that creates the most impact. Proposed activities involve resource development, case management, outreach, marketing, information exchange, database management, and developing best practices.

The National Urban Indian Family Coalition (NUIFC) and First Nations Development Institute (First Nations) are also strategic partners in this project. The main objective of their partnership is the amplification of services to the grantees to aid in sustainability and growth. It is the right business match. We are committed to the design and co-management of the program with open access to information, networks, resources and skills. Our tasks are to deliver technical assistance and training along with assessments, site visits, media development, and information-sharing forums.

Partnerships and collaboration are motivating philosophies at First Nations. Collaboration builds the Native American nonprofit sector. It is a process that prompts individuals with diverse interests to share their knowledge and resources to improve outcomes, innovate and enhance decisions. When we share our expertise we become deeply involved in the design and delivery of outreach, programs, and services. As partners we solve problems, meet objectives, build support, and utilize our strengths more effectively for greater success.

Under the Kresge project, First Nations and NUIFC also selected two other organizations to receive grants. They are the Native American Youth and Family Center in Portland, Oregon, and the Little Earth of United Tribes in Minneapolis, Minnesota. Each of the three projects is receiving a $40,000 grant.

First Nations’ and NUIFC’s overall effort aims to help organizations that work with some of the estimated 78 percent ofAmerican Indians and Alaska Natives who live off reservations or away from tribal villages, and who reflect some of the most disproportionately low social and economic standards in the urban areas in which they reside. Urban Indian organizations are an important support to Native families and individuals, providing cultural linkages as well as a hub for accessing essential services.

To learn more about these organizations and the project, please see the First Nations/NUIFC press release at this link: http://www.firstnations.org/node/645.

By Montoya A. Whiteman, First Nations Senior Program Officer

Financial Literacy Program Kicks Off for Native Youth at NAYA

Posted on November 20, 2013 by rblauvelt

On November 19-20, 2013, First Nations Development Institute (First Nations) met with faculty and staff from the Native American Youth and Family Center (NAYA) in Portland, Oregon. With generous funding from the Paul G. Allen Family Foundation and the Bill and Melinda Gates Foundation, First Nations and NAYA recently forged a partnership to offer financial literacy courses with a strong experiential learning component to empower Native American high school students at NAYA’s Early College Academy.

NAYA’s Early College Academy is a small, private school managed by NAYA that nourishes a hands-on, culturally relevant, student-centered learning environment. The academy offers a blended high school and post-secondary curriculum for 9th to 12th graders aged 14 to 20. The site visit kicked off an innovative and culturally relevant youth financial education course, and enables First Nations to offer financial literacy training to 21 NAYA faculty and staff.

First Nations facilitated a two-day Train-the-Trainer event utilizing the Building Native Communities: Financial Skills for Families educational workbook. All faculty and staff who participated in the event were certified to teach financial literacy. The goal of the training was to prepare NAYA faculty to teach the course to youth over the 2014-2015 school year and to enable NAYA faculty and staff to collaborate in tailoring the class for their high school youth.

The relationship between NAYA and First Nations on this project will culminate in offering the “Life on Your Terms” Native youth financial literacy course to the students and taking a field trip to a participating bank or credit union to sign up for a Youth Savings Account (YSA). Those who complete the course with a passing grade will be entered into a drawing to earn an additional $100 to deposit into their account. The students also will participate in a financial simulation fair called “Crazy Cash City” that will help them put the lessons learned in class into practice in an experiential setting. By the end of the grant period, an online teacher’s guide for the curriculum will be completed and then made available nationally to teachers of Native American students.

Financial and investor education is one of the five focus areas of First Nations. First Nations and its independent subsidiary – First Nations Oweesta Corporation (a community development financial institution) – work in partnership with Native American tribes and communities throughout the U.S. to assist them in designing and administering financial and investor education programs. These projects range from helping individuals and families understand the basics of financial management – opening and maintaining a bank account and using credit wisely – to helping individuals understand financial markets and a variety of financial instruments for borrowing and saving. The programs result in increased investment levels and economic growth in Native communities.

The Native American Youth and Family Center in Portland works to enrich the lives of Native youth and families through education, community involvement and culturally specific programming. It has provided educational services, cultural arts programming, and direct support to reduce poverty in the Portland metropolitan area’s American Indian and Alaska Native community for more than 30 years.

By Benjamin Marks, First Nations Research & Program Officer