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U.S. Bancorp donates $500,000 to Mihaylo school

The funding will be used to establish a U.S. Bank Economic Empowerment Program.

BY AMANDA MOLINAROPublished: October 29, 2010 12:58 PM

U.S. Bancorp donated $500,000 to Cal State Fullerton’s Mihaylo College of Business and Economics this week – funding the school will use to establish a U.S. Bank Economic Empowerment Program aimed at educating youth on financial issues.

“Empowering individuals to succeed financially – both personally and professionally – is important to everyone,” said U.S. Bancorp Chairman, President and CEO Richard Davis, a 1983 Cal State Fullerton economics graduate. “I often tell our bankers that we are in the business of making dreams come true. The same could be said for the role of our educators – embracing and supporting young learners every day to blaze a path and achieve their dreams.”

Davis announced the grant Thursday, during the 2010 Economic Outlook and Forecasts presented by the Mihaylo College of Business and Economics and the Orange County Business Council.

With the grant, the partners hope to accomplish three things: financial education training for middle and high school educators; establishment of a program to provide technical assistance to small businesses throughout Orange County and the Inland Empire; and establishment of an innovative financial education program for eighth graders.

“This program will accomplish a number of goals Mihaylo College pursues,” said Dean Anil Puri. “Through this grant, we will be collaborating with a major U.S. business in providing education in a very important area of economic literacy. U.S. Bank can bring a diverse and wide-ranging set of financial education programs to students and the community.”

The program will partner with an Orange County middle school, using five-year, four-step programs and financial literacy workshops to educate students on topics such as budgeting and credit card use.

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