Network for Teaching Entrepreneurship

1. Network for Teaching Entrepreneurship Meeting with TEAM Charter Schools, A KIPP Region NFTE Meeting Participant Amy Rosen, President & CEO Neelam Patel, VP-Program November 4, 2009

2. Meeting Agenda • NFTE History & Overview • Potential Partnership Opportunities • Improving TEAM Teacher Effectiveness • Improving College-Readiness for TEAM Students • Next Steps

3. NFTE’s Purpose • We teach young people from low-income communities to think like entrepreneurs because that will give them the power to own their own future. • Core Values Individuality Initiative Community • Vision Every young person will find a pathway to prosperity. • Mission NFTE provides entrepreneurship education programs to young people from low-income communities.

4. Environment Dropout Rate (USA) = 32% African American = 50% African American dropouts  60% become incarcerated Hispanic = 52% Gates funded study revealed 81% of dropouts wanted more real world learning opportunities  school must be relevant to interests, making money, marketable skills Small businesses are essential to a healthy economy. In September 2008, the U.S. Bureau of Small Business Associations reported that small businesses: Represent 99% of all employer firms Employ about half of all private sector employees Pay nearly 45 percent of total U.S. private payroll Generate 60 to 80 percent of net new jobs annually

5. Organizational Snapshot • Students • Target Population: • Young people from low-income communities; schools at least 40% free/reduced lunch rates • Ages 11-18 • 280,000 youth served since 1987 • FY 2008: 44,679 students (25% increase over FY07) • FY 2009: 64,913 students (45% increase over FY08) • Teachers • FY 2008: 1,313 active teachers • FY 2009: 1,489 active teachers (13% increase over FY08)

6. Organizational Snapshot • Curriculum • Pearson Prentice Hall: • Entrepreneurship: Owning Your Future (11th edition, 2009, for high school) • Entrepreneurship: Starting & Operating a Small Business (2nd edition, 2009, for college) • BizTech 3.0: online entrepreneurship course • Middle School textbook funded by MetLife (1st edition due Q1 2010) • Scholastic: Ten9Eight case study book (1st edition due Q1 2010) • Peter G. Peterson Foundation: Online Personal Financial Plan (1st edition due Q1 2010) • Entrepreneurship Education Guide for Volunteers funded by Bank of America (due Q2 ,2010) • Operations & Financial Information • 11 program offices in the US • Licensed partners in 6 additional US states and 11 countries • NFTE has a $8.6M endowment and no debt

7. Domestic Presence Program Offices • Baltimore • Bay Area • Chicago • Dallas • Fairchester • Greater Los Angeles • Greater Washington, DC • New England • New York Metro • Philadelphia • South Florida Domestic Licensees • Atlanta • Cleveland • Fresno, CA • Hartford, CT • Kansas • Montezuma, NM • New Haven, CT • Pittsburgh, PA • San Diego, CA • Shreveport, LA • South Carolina

8. NFTE Student Experience • NFTE impacts students’ basic academic and life skills through a hands-on entrepreneurship curriculum that reinforcesmath, reading and writing, and develops skills in critical thinking, teamwork, communication anddecision-making • NFTE-trained teacher • NFTE textbook, workbook & supplementary materials • 80 classroom hours • Business plan development • Business plan competitions: class, regionals, nationals • Wholesale trip & selling event • Field trips to local businesses • Class speakers (entrepreneurs, business executives) • Mentoring

9. Program Impact Statement NFTE’s Core Competencies Curriculum Teacher Training Experiential Methodology Student Impact Increased Business Knowledge Greater School Engagement Positive Attitudinal Change Increased Interest in Completing High School and Attending Post-Secondary Education Increased Rates of Business Formation

10. Research & Evaluation: Results Harvard Graduate School of Education(Research Focus: Academics/School) • Interest in attending college increased 32% • Occupational aspirations increased 44% • Independent reading increased 4% • Locus of control (belief that attaining one’s goals is within one’s own control) increased 3.1% • Entrepreneurial leadership increased 13.2% Brandeis University (Research Focus: Business Knowledge/Formation) • Participation in a NFTE program increases: • Business knowledge by 20 times • Business formation rates by 30 times • In a follow-up survey NFTE alums reported: • 70% were in post-secondary education • 43% had part-time jobs; 20% had full-time jobs • 33% were still running a business (no min. income level assumed) Koch Foundation(Research Focus: Formation/Attitudes towards Business) • Nine in ten alumni said that NFTE increased their confidence to run a business • Minority business ownership experience was four times higher than comparison group • 99% of alumni would recommend a NFTE program

11. Academic Standards • NFTE’s programs correlate to a variety offederal, state and local academic standards helping teachers and superintendents meet critical education requirements, including school-to-career objectives. • Middle States Association of Colleges & Schools has accepted NFTE as a candidate for accreditation. • NFTE’s curriculum meets national social studies and mathematics learning standards, as well as language arts, math, science, technology, and social studies in several states throughout the country. Standards are defined by: • The National Council for the Teaching of Mathematics (NCTM) • The National Council for Social Studies (NCSS) • The U.S. DOL’s Secretary’s Commission on Achieving Necessary Skills (SCANS).

12. NFTE has created a model for identifying, recruiting and retaining the best teachers of youth entrepreneurship. NFTE helps provide incentives for teacher performance. NFTE’s data systems track and measure teacher performance and improvement in teacher effectiveness. Improving TEAM Teacher Effectiveness 12

13. Identify schools and educators Train educators at 4 day intensive “NFTE University” Mentoring Professional development E-Learning Workshop Teacher Meetings Award opportunities Advanced Teacher Forum Regional retreats Improving TEAM Teacher Effectiveness Train Implement Support • Regular site visits from NFTE staff • Assist in volunteer recruitment, field trip planning and business plan development • Online course managementsystem (TEAMS)

14. Improving College-Readiness for TEAM Students • Every NFTE program office is partnered with at least one community college and/or 4-year institution. • Our goal is to create formal articulation agreements (including dual enrollment) so NFTE students have seamless pathway from middle school to post-secondary education.

15. NFTE Student Experience – Reinforcing a Pathway NFTE Program focus at each stage N F T E ’s C U R R I C U L U M Students develop a deeper understanding through mentoring & competition Students learn business practices through experiential modules Students learn through in-depth courses and learn to develop a business plan College/Post-SecondaryCurriculum MIDDLE SCHOOL EARLY HIGH SCHOOL LATE HIGH SCHOOL COLLEGE & BEYOND NFTE bridges the middle & high school experience through Summer BizCamps and online services NFTE offers e-Club, an after school opportunity for students to expand their entrepreneurial activity NFTE Alumni Networkwww.nftealumninetwork.com N F T E B E Y O N D T H E C L A S S R O O M 15

16. Documentary Film Nationwide premiere in AMC cinemas starting November 13th Private screenings during Global Entrepreneurship Week (Nov. 16-20) NYC – sponsored by OppenheimerFunds Washington DC – sponsored by Visa, Inc. LA, Chicago, Miami, other cities Distribution deal with BET National broadcast in January Part of Viacom “Get Schooled” initiative 16

17. NFTE OppenheimerFunds National Youth Entrepreneurship Challenge • 29 young entrepreneurs from low-income communities in 18 cities across the U.S.A. • Finals in NYC, Oct. 7th, with leading business figures as judges. • $10,000 prize to the winner. • Three finalists from South Central LA, South Side of Chicago, Fall River Mass. • President Obama met them at the White House the following week. • NFTE seeks to create an international business plan competition.

18. President Obama Greets NFTE Students, October 19, 2009