PHILADELPHIA--(BUSINESS WIRE)--The Network for Teaching Entrepreneurship (NFTE) Philadelphia Program Office located in North Philadelphia received a $10,000 grant from The Philadelphia Foundation to support the NFTE Advanced Business Camp Program. R. Andrew Swinney, President of The Foundation, formally announced this commitment following the Foundation’s Board of Managers meeting in mid-March.
NFTE’s mission is to provide programs that inspire young people from low-income communities to stay in school, to recognize business opportunities and to plan for successful futures. NFTE has already reached more than 1,500 students in the Greater Philadelphia region from more than 20 different schools. NFTE’s Philadelphia chapter is made possible through initial donor support and seed funding from Safeguard Scientifics, Inc. (NYSE: SFE) and Internet Capital Group (Nasdaq: ICGE).
“On behalf of the entire NFTE organization and the program office here in Philadelphia, I would like to thank The Philadelphia Foundation for its generosity and commitment to education,” said Sylvia Watts McKinney, Executive Director of NFTE Philadelphia. “The grant is being earmarked to support an important collaboration with the Main Line Chinese Cultural Center (MLCCC) where NFTE Philadelphia will implement an Advanced Business Camp. This will provide Business Camp students with bi-cultural opportunities to increase their understanding of American and Chinese cultures, work ethic and business perspectives.”
NFTE Philadelphia’s Advanced Business Camp will be held during the summer. Available specifically for 13 to 18 year olds attending schools in low-income neighborhoods, this camp will offer students the ability to gain experience in creating a small business. All students will submit an application, and NFTE Philadelphia and MLCCC will jointly select the top students based on their business plans, teacher recommendations, camp preference dates and parents’ affidavits. Applications are due by May 15, 2011.
About NFTE Philadelphia
The Network for Teaching Entrepreneurship (NFTE) provides programs that inspire young people from low-income communities to stay in school, to recognize business opportunities and to plan for successful futures. Our vision is that all young people can find their path to success. Since 1987, NFTE has worked with nearly 350,000 young people. NFTE currently operates programs in 21 states and 10 countries, and has more than 1,500 active Certified Entrepreneurship Teachers. Specifically in the Greater Philadelphia area, NFTE has reached more than 1,500 students from more than 20 different schools. For more information about NFTE Philadelphia, please visit www.nfte.com/what/programs/philadelphia or follow us on Twitter @NFTEPhilly.
About Main Line Chinese Cultural Center (MLCCC)
Main Line Chinese Cultural Center (MLCCC), founded in 2003, a nonprofit 501(c)3 organization, provides Chinese language, educational and cultural insights to all members of the Greater Philadelphia community. Through weekend and summer classes, MLCCC’s instructors employ a traditional Asian teaching style that emphasizes strong study skills and discipline. MLCCC also offers introductory Chinese language courses especially for non-Chinese students in economically disadvantaged areas. MLCCC's programs are intended to provide an enjoyable way for students to learn basic Mandarin -- the world's second most spoken language, gain exposure to Chinese culture, and thus become positioned to seize the long-term global economic opportunities. www.mlccc.org
About The Philadelphia Foundation
Since 1918, The Philadelphia Foundation has been committed to improving the quality of life in Bucks, Chester, Delaware, Montgomery, and Philadelphia counties. It links those with financial resources to those who serve societal needs. The foundation grows the more than 800 charitable funds established by its donors and distributes about $20 million annually in grants and scholarships to about 1,000 effective nonprofit organizations. Through this support, the Foundation builds healthy communities, strengthens children and families, advances economic opportunities and enhances culture and recreation. For more information, please visit www.philafound.org.