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Junior Achievement Launches New Public Internet-Based Financial Literacy Program Funded by the Goldman Sachs Foundation

Business Wire, April 9, 2002

Business Editors & Education Writers

COLORADO SPRINGS, Colo.--(BUSINESS WIRE)--April 9, 2002

New Online Program Designed To Provide Financial Literacy

Necessary to Make Informed Financial Decisions

Junior Achievement announced today that it has launched a new public version of the popular in-school program, JA Personal Finance. The new state-of-the-art Internet-based program, called the JA/Goldman Sachs Foundation Personal Finance Program, is available to anyone who wants to expand their personal financial literacy skills, including the general public and parents wishing to teach their children more about topics relating to personal finance.

The JA/Goldman Sachs Foundation Personal Finance Program incorporates Internet-driven instructional strategies and hands-on, interactive instructional techniques to teach parents, students and the general public about topics from everyday personal financial decisions to major investment strategies and outcomes. The online program can be accessed through the "Personal Finance Center" on the Junior Achievement web site at www.ja.org/personalfinance.> Goldman Sachs Volunteers Also Actively Tutor Students Online & In Classroom With Program

Both programs were developed through a unique partnership between JA and The Goldman Sachs Foundation. The Foundation provided $2 million to Junior Achievement for development and implementation of both programs as part of the Foundation's focus on entrepreneurial education and academic excellence. Consistent with the Foundation's venture philanthropy approach, Goldman Sachs volunteers are also actively tutoring students, both on-line and in the classroom, as part of the in-school program. In creating the new web-based program, Junior Achievement and The Goldman Sachs Foundation enlisted the assistance of Source W (Pittsburgh, Pa.), a nationwide provider of instructional and communication strategies.

"Useful Tool in Educating Every American About Financial Literacy"

"Junior Achievement is proud to be providing such a useful tool in educating every American about financial literacy," said David S. Chernow, President and CEO of Junior Achievement Inc. "Everyone needs personal financial knowledge in order to make sound decisions regarding their finances. This program will provide essential skills which will ensure that America's workers and consumers are prepared."

"Builds on the Distinguished History of Involvement in Education"

"The Goldman Sachs Foundation builds on the distinguished history of involvement in education at Goldman Sachs," noted Stephanie Bell-Rose, President of The Goldman Sachs Foundation. "We have a three-fold mandate at the Foundation: to enhance academic performance and prospects for life achievement of students at the secondary school level, to develop the abilities of promising youth worldwide, and to support high-quality education for young people in business and entrepreneurship. This new Junior Achievement/Goldman Sachs Foundation program does it all."

For more information about these personal financial literacy programs, visit www.ja.org/personalfinance.> About Junior Achievement

Junior Achievement is the world's largest and fastest-growing organization dedicated to educating young people about business, economics and free enterprise. Through age-appropriate curricula, JA programs begin at the elementary school level, teaching children how they can impact the world around them as individuals, workers and consumers. JA programs continue through the middle and high school grades, preparing students for additional key economic and workforce issues they will face in the future. Today JA reaches more than four million students through 156 offices nationwide and nearly two million students in 112 countries worldwide. For more information, visit www.ja.org.

About The Goldman Sachs Foundation

The mission of The Goldman Sachs Foundation is to promote excellence and innovation in education worldwide, and to improve the academic performance and lifelong productivity of young people. Toward this end, the Foundation makes substantial investments in outstanding education initiatives that prepare today's young people to become tomorrow's scholars, leaders and entrepreneurs. The Goldman Sachs Foundation is located in New York City.