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Causes: Arts & Culture, Arts, Culture & Humanities, History Museums
Mission: The mission of the museum of american finance is to create public benefit through the acquisition, preservation and display of financial objects and information, showcasing the breadth, importance and richness of american financial history and providing a deeper understanding of financial markets and the nation's economy.
Programs: Collection and exhibition programsthe museum has permanent and temporary galleries. Our permanent exhibits encompass the capital markets, a history of money in america, a tribute room to alexander hamilton, gallery area devoted to entrepreneurship, a history of equity markets through scripts, a timeline of market movements, a breakout of commodities, a history of communication, tribute to bond markets, as well as various other areas. Temporary exhibits include the federal reserve bank of ny exhibit, presidents exhibit, baring archive exhibit, and america's first ipo exhibit. The museum has over 10,000 items in its collection and archives.
community outreach and educationwe have many thousands of school children visit the museum every year. The majority of students are either high school or college. We run a docent program and offer tours to these school groups. We have many educational events at the museum, including brown bag lunches with guest speakers, and about 25 events per year at night. In the fall of 2011, the museum of american finance expanded its educational programming for school children by introducing the museum finance academy, a unique curriculum designed to fill a critical gap in the education of high school students in the new york city region. The mfa is an eight-week course for 11th and 12th graders that teaches students to aspire to financial independence, develop an appreciation for savings, make financial goals and learn to avoid scams. Specifically, mfa participants learn the life cycle of spending and saving. By the end of the course, students become more financially literate. Among other things, they are empowered with an understanding of the importance of savings; how to save over the course of one's life; how markets and investing work; the economics of career choice; and how to use financial products (e. G. , mortgages, credit cards, etc. ) and make smart financial decisions as consumers of such products. Progress evaluations from every semester the mfa has been offered show meaningful increases (10% or more) in the level of competency in financial literacy of participating students. This year student scores increased 20% between the pre-test and the progress evaluation. The fall 2014 class scored 44% on the pre-test and 64% on the post-test. The fall 2014 class also had the greatest retention rate since the program began - 2/3rds of the students stayed with the program until completion. It is important to note that the national average for the level of competency in financial literacy for high school students is 47%. The national average for college students is 62% and for college seniors 64%, so at the completion of the museum's program, the average for the mfa students was equal to that of college seniors. The students who receive the mfa scholarships score even higher - all above 80%.
lectures and symposiumsin 2008 the museum introduced a lecture/symposia series on financial history and practices, which has become an invaluable resource on wall street. The series tackles timely contemporary issues and enriching historical perspectives, and has established a position in the forefront of american financial discourse. During the past seven years the museum's lecture series has become recognized as a respected forum for learning more about the world of finance and gaining exposure to leaders in the field. Many notable experts in finance participate in the series, including former treasury secretary timothy giethner, in conversation with charles wait, a member of the new york federal reserve bank; a fireside chat with former treasury secretary larry summers; and nobel prize winner joseph stiglitz, all in the past season. Audience members include individuals from across the spectrum of the financial industry, but interested professionals from all fields also regularly attend, along with academics and students. These programs, held at the museum about once per month, attract between 100 and 200 people and take place at the end of the work day. Talks are followed by a reception in the museum's grand mezzanine where the exhibits are mounted, so attendees can also browse the exhibitions on view during that time. We also have a shop which generates revenue.
wall street genealogy project