Event Supports Financial Education Through ‘Junior Achievement’
WASHINGTON — The American Council of Life Insurers (ACLI) said today it has rescheduled the ACLI Capital Challenge road race to September 24 due to public health concerns caused by the COVID-19 outbreak.
The 39th ACLI Capital Challenge – a three-mile road race – will take place in Anacostia Park in Washington, D.C. The event supports financial education for young Americans by raising funds for Junior Achievement USA.
Sponsored by ACLI, the Capital Challenge features teams from the executive, legislative, and judicial branches of the federal government, plus media organizations. Past participants have included Vice President Mike Pence, when he served in the House of Representatives from Indiana, National Football League Hall of Famer Steve Largent, when he served in the House from Oklahoma, and CBS “Face The Nation” host Margaret Brennan.
“The safety of the race participants and volunteers is paramount, and we hope to celebrate fitness and camaraderie in support of financial literacy come September,” said Susan Neely, president & CEO of ACLI.“
“It is especially gratifying that the race will provide financial support for Junior Achievement and its financial education program for students across the nation,” said Neely. “Researchers at the Wharton School found that more than one-third of financial inequality in the United States could be accounted for by the differences in financial literacy. Through our support of Junior Achievement, we will help the next generation of American workers learn more about the importance of saving.”
Having celebrated its 100th anniversary in 2019, Junior Achievement is ready for its next century of changing lives by using its interactive educational programs that reach nearly 4.8 million students per year in all 50 states.
“The ACLI Capital Challenge is a Washington, D.C. institution, and Junior Achievement is excited to be part of it for a second year in a row,” said Jack Kosakowski, president and CEO of Junior Achievement USA. “The support from this race will greatly benefit our financial literacy programs across America. We look forward to partnering with ACLI and helping students learn more about how Americans can plan to save.”
Added ACLI Capital Challenge race director Jeff Darman: “While election years can be polarizing, every year at least for a day, members of Congress and other Washington luminaries come together for fun and to support a good cause. We are delighted that the charity recipient of the ACLI Capital Challenge is once again Junior Achievement.”
The race organizers said they are closely monitoring updates from the Centers for Disease Control and the World Health Organization regarding COVID-19 and will continue to seek guidance from these agencies and public health officials. Updates will be provided as new information becomes available at www.CapitalChallenge.com, www.acli.com/capitalchallenge, and @ACLINews. The road race had been set for May 13.
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The American Council of Life Insurers (ACLI) advocates on behalf of 280 member companies dedicated to providing products and services that promote consumers’ financial and retirement security. 90 million American families depend on our members for life insurance, annuities, retirement plans, long-term care insurance, disability income insurance, reinsurance, dental and vision and other supplemental benefits. ACLI represents member companies in state, federal and international forums for public policy that supports the industry marketplace and the families that rely on life insurers’ products for peace of mind. ACLI members represent 94 percent of industry assets in the United States.
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