EverFi-Public-Private Partnership Model – A Case Study

EverFi is fortunate to work with over 1,000 customers throughout the country, many of which sponsor EverFi platforms for k-12 schools.  Sponsors are a key aspect of our business model – it’s how we bring our cutting edge technology to students, at no cost to schools, districts, or taxpayers.

Bruce Rauner speaks with a Waukegan student about her future career plans.

Bruce Rauner speaks with a Waukegan student about her future career plans.

We work with 69 of the largest school districts in the country, but also work with some of the smallest, including a few schools with 30-40 students.  We cherish all of these partners, large and small.  At EverFi (a.k.a the Fi), we work with and bring together, leading corporations, and foundations to support schools. This defines our public-private sponsorship model.   We are on a mission – make sure students have access to the best digital learning resources that focus on teaching, assessing, and certifying students in critical life skills…and better yet, our model delivers these platforms free to sponsored schools.

Our unique private-public partnership model benefits schools in more ways than just funding.  Often unnoticed, many dedicate time in the classroom to share their experiences with students, host certification and launch events, and fund scholarships.  For example, The Rauner Family Foundation is the Illinois statewide sponsor for EverFi-Financial Literacy .  We also have many great local sponsors throughout Illinois, including JPMorgan Chase, who sponsors our learning platforms in Chicago.

After a successful career in finance and venture capital, Bruce Rauner supports many philanthropic initiatives, with a major focus on education.  His passion for education led him to partner with EverFi to help thousands of students across the state become financially literate citizens.

Bruce Rauner observes students working on the Rauner Family Foundation Financial Scholars program.

Bruce Rauner observes students working on the Rauner Family Foundation Financial Scholars program.

In addition to sponsoring the program, Mr. Rauner recently dedicated many hours completing a multi-city tour visiting schools and students.  During this tour he shared his expertise and dedication to the issue of financial literacy.  The events took different forms:

  • Certification Ceremonies – recognizing students for completing the platform
  • Launch Events – exciting students who are just getting started
  • Game Competition – allowing students to set a budget and compete in an online simulation earning points for financially sound decisions

While the events were different, Mr. Rauner’s message remained consistent: financial literacy is of utmost importance, and I want you to be prepared.  At each event, Mr. Rauner spoke to students, and engaged them in a dialogue around key financial topics. Equally as important, students were recognized and shared their views, including even a few brave student speakers.

A Thornwood student speaks to the audience about her takeaways from the EverFi-Financial Literacy program at a recent certification event.

A Thornwood student speaks to the audience about her takeaways from the EverFi-Financial Literacy program at a recent certification event.

Mr. Rauner is not the only sponsor to be involved with the program outside of funding. Our sponsors are active across the nation, working with schools to create a truly meaningful experience for students. This is what makes the public-private partnership so special. These professionals can become role models for young students.  In turn, the private-public partnership provides schools not only with critical content presented in an engaging way, but also with a point of contact to add even more value and inspiration to the student experience.

On the eve of Financial Literacy Month in April, we hope you plan an event in your market to celebrate along with students, to recognize them and to inspire them.  Our sponsors have provided students with a life-changing resource. The students will benefit greatly from the sponsors rationale behind financing the program. The students will also appreciate the inspiration to become lifelong learners of such critical skills from the leaders in their community.

 

Students at Thornwood High School celebrate certification in the Rauner Family Foundation Financial Scholars Program.

Students at Thornwood High School celebrate certification in the Rauner Family Foundation Financial Scholars Program.