First Nations believes that Native youth represent the future of Native communities, and that their health and well-being determines the future health and well-being of a community overall. By investing in youth and giving them a sense of place and tradition in the community, a community ensures that it will have bright and capable future leaders. First Nations invests in Native youth and their families through many programs, but the cornerstone of our youth efforts is the Native Youth and Culture Fund, which annually provides grant support to numerous youth-related projects. We also have a range of financial education programs that are geared toward Native youth, including the Crazy Cash City reality fair and the $pending Frenzy workshop. The goal is to provide programs that meet youth where they are, support them in accomplishing their goals and dreams, and prepare them for an empowered adulthood guided by their cultures, families and traditions.
Native Agriculture and Food Systems Initiative Scholarship Program
First Nations created the Native Agriculture and Food Systems Initiative (NAFSI) Scholarship Program to encourage more Native American college students to enter agriculture and agriculture-related fields. The purpose of the scholarship program is to increase the number of Native American college students entering agriculture and agriculture-related fields. Many farmers, ranchers, herders and others are retiring without qualified replacements trained to take their place. According to the USDA, the number of farmers and ranchers nearing retirement age has grown by 22 percent in the past five years, while the number of young farmers and ranchers adequately trained to replace them has decreased by 14 percent. The lack of qualified replacements in these industries could have potentially dangerous effects on efforts to reclaim control of local Native food systems. These scholarships are one way to begin turning the tide of decreasing interest among Native youth in careers related to agriculture and food.
For the 2014-2015 academic year, First Nations awarded six $1,000 scholarships to Native American students who are assisting their communities in regaining control of local and traditional food systems.
Western Shoshone Youth go on a $pending Frenzy
“This was a really fun project and it will help me think about how I will spend my money.”
First Nations staff and consultants worked in partnership with Office of the Special Trustee for American Indians (OST) to provide a financial reality fair titled the “$pending Frenzy.” In light of the historic land claims settlement with the Western Shoshone tribes, First Nations held a simulation for Western Shoshone youth who would be eligible for large trust settlement payments upon turning 18. The reality fair utilized fake money close to the amount that would be available to youth through their trust settlement payment to give students experience handling a substantial lump of money and how to spend it wisely. There were four total experiential learning events that took place over the course of two days - two in Elko, Nevada, on October 2, 2012, and two in Pyramid Lake, Nevada on October 4, 2012.
The $pending Frenzy served more than 130 students from six different Western Shoshone tribes. The workshops included opportunities to purchase a car, a house, groceries, and other financial activities. Students could practice visiting a bank to cash their check and put money into savings and try out investing a portion of the money. The evaluation of this event revealed that 83.5% of participating students agreed that the $pending Frenzy model and topics covered were relevant to their life, and 95% stated that they would use the information they learned during the $pending Frenzy to assist them with managing their money.
W.K. Kellogg Foundation School-Based Financial Education
Our goal with the W.K. Kellogg Foundation school-based financial education project is to support systemic change that will positively impact the economic security of Native families. We will use the public school setting to offer customized, experiential financial education and Individual Development Accounts to Native youth in several high schools in McKinley County in New Mexico. This project offers bundled services to American Indian families and will help Native people work towards a better economic future.
“Crazy Cash City” Event Reaches 200 Students “It was really fun! It helped me prepare for life in the real world.”
That’s just one comment from a student among the nearly 200 who participated in First Nations Development Institute’s October 2012 “Crazy Cash City” event in New Mexico. First Nations in partnership with First Financial Credit Union, provided the “Crazy Cash City” money-spending simulation in Gallup, New Mexico, for local high school students, the majority of whom are Native American. The exercise – which was a test of a new pilot program tailored to Native American youth modeled after the National Credit Union’s Mad City Money simulation– was intended as an experiential learning opportunity for kids currently taking a financial literacy class.
The event was held at the Rio West Mall and consisted of six two-hour reality fairs in which the students had to navigate a series of simulated financial tasks and challenges designed to teach basic budgeting and banking skills. It was all in fun – since they were spending play money and not really buying things – but it was also informative and highly interactive.
All participants were given a folder containing a fictitious family profile that listed what their income was, the income of a spouse, the age of any children, and any outstanding debt or benefits they received. The high school kids then visited about 10 booths that provided various choices for housing, transportation, child care and more, and they were asked to make smart financial decisions based on their family profile. At the conclusion of the seminar, the students were expected to have a fully balanced budget that they logged in their check register and budgeting sheet.