CME Group Foundation believes that undergraduate and graduate students preparing for careers in financial services industries need: a deep understanding of the futures and derivatives field and its uses in risk management; and well- developed quantitative skills. The Foundation also believes that computer science students preparing for careers in financial services need coursework in this area, too. In addition to Finance programs, CME Group Foundation may fund departments within universities like computer science, applied mathematics and engineering that train graduates needed for future jobs in the industry. Grants will be made to universities that demonstrate an up-to-date curriculum and course sequence in this area and internships and job placements in the industry.
CME Group Foundation is interested in encouraging academic research on exchange-traded derivatives and central clearing house policy issues. The Foundation Board has identified the following topics as those of greater interest within three broad-based categories of research:
- Exchange-Traded Derivative Market Activity
- Structure of Derivative Markets
- Global Regulation of Derivative Markets
In order to provide effective K-12 education that prepares disadvantaged students for success in college and career, the Foundation will focus its support on two new areas for 2014 through 2018:
- the use of innovative technology to improve student outcomes, and
- launch a K-12 Coding and Computer Science Education Initiative.
The Foundation will continue to support policy advocacy and communications work on:
- public school choice - the expansion of successful charter schools to new campuses to serve more students; and
- an internationally benchmarked rigorous curriculum for all students - Common Core State Standards and associated assessments.
In October 2010, the Foundation announced a multi-million dollar, multi-year Early Math Education Initiative to enable young children from low income communities to become proficient at mathematics at the appropriate grade or developmental level. The initiative enables a birth through 3rd grade continuum of best practices in professional development for teachers and caregivers. We encourage collaboration among our grantees to enhance learning and sharing of best practices. The Foundation will continue the Early Math Education Initiative through 2018 focusing on:
- Scaling up by current grantees
- Expanding to downstate communities
- Disseminating lessons learned/knowledge sharing