UMB Financial Corporation

04/20/2021 | News release | Archived content

Expanding Youth Financial Education Program: School of Economics Adds Downtown Location

UMB Financial Corporation recently announced it will work with School of Economics to expand to downtown Kansas City. The additional location will provide interactive, financial education programs to another 12,000 Kansas City-area students with an emphasis on reaching under-served schools. UMB Bank President and Chief Executive Officer Jim Rine shares details about the nonprofit and new school that will be located inside UMB's 928 Grand Blvd building.

In elementary school, I remember the first time I learned how to write a check, and the first time I understood that supply and demand were at the heart of our economy. These lessons were the start of my lifelong career in finance and the foundation of an education that went far beyond the classroom.

School of Economics‡, a 501(c)3 nonprofit, brings these same real-world lessons to 12,000 Kansas City-area students each year by providing interactive, educational experiences through curriculum-based field trips.

Last week, it was announced‡ that the School of Economics will open a second location in our building at 928 Grand Blvd. This new location will allow School of Economics to provide access to financial education programs‡ to thousands of additional children, particularly those from under-served schools.

As financial stewards of our community, we could not be more excited about the value this expansion will provide Kansas City area youth. To help with this initiative, UMB will lease approximately 4,000 square feet of space to the School of Economics for $1 annually. In addition, we have committed to paying for a full buildout of the space and will provide grants to help the school with operating expenses.

I invite you to read more about the new project in this recent Kansas City Business Journal article‡. If you want to get involved in this project and empower students with a financial education that will last a lifetime, contact‡ the School of Economics today.

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