Press Releases

For Immediate Release
May 23, 2007 Contact: Charles Evenson

Financial Literacy Awards Up to $5,000 Again Available to Educators

(Madison) Governor Doyle, Superintendent of Public Instruction Elizabeth Burmaster and the Department of Financial Institutions (DFI) today announced that for the second time Wisconsin educators are eligible to apply for one-time Financial Literacy Innovation awards ranging from $500 to $5,000. The awards are offered to help implement new Wisconsin Model Academic Standards for Personal Financial Literacy.

“One of the best places to improve the financial literacy of Wisconsin youth is in our schools,” said Governor Doyle. “When an educator uses one of the awards to develop a new way to teach students, it creates a multiplier effect because the educator will keep using the method to instruct classes year after year. I encourage teachers to apply.”

Governor Doyle’s Council on Financial Literacy along with DFI created the fund that will provide the awards. Award applicants are encouraged to look for matching funds from local financial institutions.

The funds present an opportunity to help teachers bring new and creative programs into the classrooms of Wisconsin schools to enhance the teaching and learning of financial topics. The awards will also assist teachers in implementing the recently created Model Academic Standards for Personal Financial Literacy.

The Model Academic Standards for Personal Financial Literacy were developed by a task force created last year by State Superintendent Elizabeth Burmaster. Several members of the Governor’s Council on Financial Literacy also served on the DPI task force including DFI Secretary Lorrie Keating Heinemann and CBM Credit Education Foundation President William Wilcox who serve as Chair and Vice Chair of the Governor’s Council.

“The awards offer teachers the opportunity to use their own experience and creativity to put into practice the Model Academic Standards,” said State Superintendent Elizabeth Burmaster. “My hope is that all teachers involved with teaching financial topics will apply for an award.”

The Financial Literacy Innovation funds will be awarded directly to teachers through the Department of Public Instruction. The deadline for application is June 22, 2007. Educators may apply online for the financial literacy awards by going to:

For more information about the awards, contact David Mancl, Director of DFI’s Office of Financial Literacy at 608-261-9540 or email him at