WASHINGTON, DC — Society for Financial Education and Professional Development, Inc. (SFEPD) was selected as a recipient of the Federal Deposit Insurance Corporation (FDIC) Chairman’s Award for Excellence and Innovation in Financial Education for the Atlanta Region. Theodore R. Daniels, Founder and CEO of the Society for Financial Education and Professional Development, Inc. accepted the award.
FDIC announced on December 3, 2009 the recipients of the FDIC Chairman’s Award for Innovation in Financial Education at the National Press Club in Washington, DC. The primary purpose of the FDIC Chairman’s Award is to recognize excellence and innovation in financial education, and also highlight potentially replicable best practices. These non-monetary awards are the final component of the FDIC’s 75th anniversary observance and meant to demonstrate the Corporation’s ongoing commitment to financial education and helping consumers use financial services effectively.
“I commend everyone nominated for the award for their dedication to empowering consumers to make informed financial decisions by providing financial education in their own unique or innovative ways,” said FDIC Chairman Sheila Bair. “Over the FDIC’s more than 75-year history, we have witnessed plenty of change. In a changing world, one thing is clear: financial knowledge helps consumers navigate through choices, know what questions to ask, and be prepared to make informed financial decisions.”
The award recipients were selected using a scorecard that took into account the nominee’s results, program innovation and program content. Other factors taken into consideration included whether nominees used a creative or novel approach, whether they captured a new or non-traditional audience and what measures they used to determine effectiveness.
SFEPD was one of several organizations/individuals throughout the country selected for this award. Society for Financial Education & Professional Development, Inc. is a non- profit organization founded in 1998 by Theodore R. Daniels for the purpose of providing financial education seminars to college students, particularly those attending historically Black colleges and universities. Working with faculty and administrators of hosting universities, SFEPD customizes seminars and workshops to meet the needs of the targeted audience. SFEPD has reached more than 50,000 students since inception in 1998, including more than 16,000 students in the 2007-2008 academic year.
Mr. Daniels has more than 34 years of experience in personal financial management and investments. In 2008, he was appointed to serve on President George W. Bush’s Advisory Council on Financial Literacy. He continues to serve in this role under President Barack Obama’s administration. Mr. Daniels is a member of the Board of Directors of the Certified Financial Planners Board of Standards. His organization is also a partner of the Financial Services Roundtable, which represents the largest financial services corporations in the country.
For additional information about the event, or the Society for Financial Education and Professional Development, Inc. and its programs, please contact Una Daniels-Edwards at 703-920-3807.