University is First Academic Partner to Receive Funding as Part of PNC Financial Education Program

April 14, 2011—Montclair State University, together with the Newark Public Library, was selected by the PNC Financial Services Group, Inc. and the PNC Foundation to be one of the first two organizations to receive funding as part of PNC’s Grow Up Great program.  At an event at the Newark Public Library yesterday, PNC announced a $5 million grant pool that is part of the company’s overall $12 million financial education initiative for preschoolers.  The University is to receive $260,000 for the professional development of more than 500 preschool teachers across seven counties in Northern New Jersey.

Utilizing the For Me, for You, for Later: First Steps to Spending, Sharing and Saving curriculum, which is part of the PNC Grow Up Great project developed by Sesame Workshop for children ages 2 through 5, Montclair State will identify schools and early childhood centers to offer high-quality professional development, workshops, study groups, action research, and conferences to professionals who educate young children.

“On behalf of the University, we are honored to have been selected as PNC’s first academic partner for the
Grow Up Great financial education initiative,” commented Ada Beth Cutler, dean of Montclair State’s College of Education and Human Services.  “There is a tremendous need for financial learning programs specifically geared toward preschool children and their families and we look forward to implementing the Spending, Sharing and Saving program with educators.”

This initiative increases the reach of PNC Grow Up Great, a 10-year $100 million program to improve early childhood education. Since its 2004 launch, more than one million children have benefited from PNC programs and $30 million in grants to numerous non-profit organizations. Previous areas of focus include science, math, and the arts.

The PNC Foundation, which receives its principal funding from The PNC Financial Services Group (NYSE: PNC), actively supports organizations that provide services for the benefit of communities in which it has a significant presence. The foundation focuses its philanthropic mission on early childhood education and community and economic development, which includes the arts and culture.  Through its signature cause, Grow Up Great, PNC has created a 10-year, $100 million initiative to enhance early childhood education and school readiness.

Montclair State University
Montclair State offers the advantages of a large university -- a comprehensive undergraduate curriculum with a global focus, a broad variety of superior graduate programs through the doctoral level, and a diverse faculty and student body -- combined with a small college's attention to students.