Current Status and Project Goals

FoolProof has a bi-partisan leadership team that includes Sheila Bair, former FDIC chair, and Peter Cunningham, former Assistant Secretary for Education. FoolProof has earned the respect of the consumer advocacy community, and is the only financial literacy resource endorsed by Fairplay for Kids, The Electronic Privacy Information Center (EPIC), The National Association of Consumer Advocates (NACA), The Consumer Federation of America and Public Citizen.

FoolProof currently serves approximately 100,000 students per year, and contemplates reaching a growing proportion of adult and younger demographics as the new projects that serve those age cohorts come online. The debt industry - primarily banks and credit card companies - are also active players in this space, and the concern is that while these self-interested sponsors encourage discipline and awareness, they also encourage a vulnerable and impressionable younger population to turn to the credit and debt instruments they market. As many as forty states are exploring the requirement of a financial literacy credit for high school graduation, and now is an ideal time for FoolProof to expand its outreach to these jurisdictions.

Skills and Assistance Needed:

• Like most non-profits, FoolProof is looking for individual and institutional donors. To help scale FoolProof and support its near-term growth plan, FoolProof is inviting community, civic and business leaders to join the FoolProof Leadership Councils that are being set up in each state. Leadership Council members will help introduce FoolProof and its program to school boards, city government personnel, civic groups, in-state media, and local and regional funding prospects. FoolProof is also looking for regional reps who will help promote adoption of the FoolProof program in each state.