Denver Business Journal
Ted Beck, head of a Greenwood Village education foundation, has been appointed by President George W. Bush to a new advisory panel promoting financial education.
The President's Advisory Council on Financial Literacy was created to focus attention on the need to improve financial education in the nation's schools, White House officials said.
"The need for financial literacy has rapidly evolved into one of the most relevant issues for the American public and I commend President Bush for his efforts in addressing this concern," said Beck, president and CEO of the National Endowment for Financial Education (www.nefe.org).
NEFE is a private, national nonprofit that supports various financial-education initiatives. It offers a High School Financial Planning Program for 11th and 12th graders to help build their financial-literacy skills.
"I am honored to represent NEFE on the council, a group of highly-respected leaders in the fields of financial services, outreach and education, who understand that with access to reliable resources all Americans are capable of learning how to take control of their financial lives," he said.
Bush on Tuesday announced that Chuck Schwab, founder of San Francisco-based Charles Schwab Corp. (NASDAQ: SCHW), would be chairman of the new panel.
The president said he had asked members of the council "to come up with recommendations as to how to better educate people from all walks of life about matters pertaining to their finances and their future."
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