RANCHO CUCAMONGA, Calif. (2/11/09)--The Richard Myles Johnson (RMJ) Foundation raised nearly $600,000 in 2008, distributing $300,000 to various organizations--including $100,000 to the Biz Kid$ television series and $87,850 in community service grants, according to the California Credit Union League. The foundation also provided $24,000 to Western CUNA Management School for scholarships, $25,000 for the California Credit Union League’s Annual Meeting and Convention, and $6,000 for the league’s Big Valley Educational Conference. Next year’s goal is to give away more community service grants by encouraging credit unions to participate in the numerous quality youth financial education programs available, said Tena Lozano, RMJ Foundation executive director. The foundation raised $595,835 in donations from credit unions, chapters, credit union-related organizations; fundraisers; and Community Investment Fund money. About $120,000 in scholarships were presented to staff and volunteers at smaller credit unions, allowing them to attend seminars, conferences and webinars focusing on operational and industry-related topics. The foundation also noted:
* Jones Methodist Church CU, San Francisco, received a $2,500 grant to continue its Financial Literacy Boot Camp, a third-year effort to provide a week-long summer day camp focusing on youth financial education. * The San Francisco Chapter of the California league and the San Francisco Unified School District received $20,000 toward a financial literacy consortium; * Sacramento District Postal Employees CU received $3,000 to continue its quarterly youth financial education newsletter; * Travis CU, Vacaville, received an $850 grant to defray the costs of transportation so youth from a low-income area could attend a workshop on the Cal Grant program and college budgeting; * National Youth Involvement Board received $1,000 for its annual conference; * The California & Nevada Youth Involvement Network received $500 to help recognize a California or Nevada school for exemplary efforts in youth financial education; * ByDesign Financial Solutions received $35,000 to continue its outreach to at-risk youth with its Financial Firsts program; and * The California Jump$tart Coalition received $5,000 toward its 2008 California Summit on Financial Literacy.
The foundation, established in 1958, is dedicated to providing Community Service Grants to support credit union efforts to spread the financial literacy message to youth.