
CME Group Foundation helps today’s students keep pace with dramatically evolving technology, creating a workforce for the future that is equipped with the skills to meet tomorrow’s global challenges. By bringing together the brightest minds in education to generate fresh approaches to math, computer science and personalized learning, we are sparking system-wide change that benefits all students, from cradle to career.
They will shape the future of the world’s most important industries, including our own, so we give them the tools they need to achieve their full potential.
Our Goals
As part of our work at CME Group Foundation, we strive to achieve the following goals:
- Empower innovative partners
- Create change through collaboration
- Work to transform systems
Kindergarten Readiness
CME Group Foundation seeks to improve kindergarten readiness by increasing the KIDS assessment scores for Black, Latinx and low-income children in Illinois. After investing $11.7 million in early math education over the past eleven years, the Foundation Board decided to expand our early childhood education focus to include all three domains measured by the KIDS assessment.
Unfortunately, many children don’t get the help they need to build a strong foundation for learning, as indicated by the Kindergarten Individual Development Survey (KIDS) administered annually by teachers across the state. In the fall of 2019, only 35 percent of our state’s white kindergarteners were deemed to be starting kindergarten ready in all three areas observed: early math, language and literacy, and social emotional development. Yet that was still 12 points higher than the figure for Black children and 18 points higher than that of Latinx youngsters.
We believe that all young children should have access to vibrant, playful and supportive educational experiences that affirm who they are and prepare them to thrive as they continue their education. While Illinois has made substantial gains over the past several years in universal Pre-K, the KIDS assessment scores still need improvement so that all young children are kindergarten ready in all three domains.
Early Math Education Initiative
The Foundation’s Early Math Initiative (2009-2020) was designed to provide educators with the knowledge, confidence and tools to teach and inspire children from infancy through elementary school about the world of mathematics. Over a decade, Early Math Education Initiative funding totaled $11.3 million. The initiative bolstered professional development for teachers of young children, improved family engagement in the learning of young children and influenced early childhood mathematics policies. For more about the initiative, see the 2019-20 report below.
A Decade in the Making: Early Math Education Initiative Seeks Broad Impact

CME Group Foundation's 2021-2022 Early Childhood Education Initiative
CME Group Foundation seeks to ensure that all of Illinois' young children are kindergarten ready and prepared to thrive as they continue their education.
The work we support helps chose gaps in kindergarten readiness that disproportionately impact Black and Latinx communities and families with low income.
K-12 Education Program
The Foundation helps prepare K-12 students for success in college and careers by using technology to personalize learning and assist with computer science education.
CME Group Foundation is the largest private funder of Chicago Public Schools’ Computer Science 4 All (CS4All) initiative. The Foundation is pleased to support several other organizations providing research and data analysis for CS4All and out of school time computer science programs.
In addition to K-12 computer science education, the Foundation supports professional development for school leaders and teachers on improving student outcomes by using technology to personalize learning.
Finally, CME Group Foundation is working with Chicago Public Schools and other organizations to improve K-12 financial education ‒ in order to equip students and families with the knowledge, skills, habits and tools that promote their long-term financial health.
Computer Science for All (CS4All)
The Fund
CME Group Foundation's K-12 2021-2022 Innovation Initiative
The CME Group Foundation's K-12 grants help prepare students to succeed in 21st century careers by supporting innovative programs focused on personalized learning, high-quality school leaders, financial education, and computer science. Since 2020, they have also supported partners seeking to counter the impacts of COVID-19 on K-12 education in Chicago.
To learn more about the impact of its computer science grants, please see the computer science [CS] dashboard.)
CME Group Foundation's K-12 2021-2022 Computer Science Portfolio
This year, the Foundation deepened investments in out-of-school time programs in Chicago's computer science (CS) deserts (as identified by Northwestern University research), while continuing to support CS programs in Chicago Public Schools. This targeted funding helps students across the city gain more equitable, holistic access to CS training in their communities, both within and outside the school day.
Data sources: Arabella Advisors compiled this dashboard using data provided by the CME Group Foundation’s computer science grantees in August 2022. All data is from the 2021-2022 school year. For questions, contact alexandra.bass@arabellaadvisors.com.
College and Career Success Program
In 2019, CME Group Foundation launched its Foundation Scholars Program. Twenty-five students received a scholarship of up to $20,000, renewable for three years. Now adding 15 or more new students a year and with approximately 35 students in the program annually, the program is open to low-income, historically disadvantaged, and underrepresented students majoring in finance, computer science, information technology, math, cyber security, data science, statistics, accounting or financial engineering. For university partners with 4+1 programs (bachelor’s degree in a technical field and a one-year master’s in finance), students can apply for three years of support in junior, senior and master’s years.
While many scholarship programs are aimed at helping freshmen start college, the CME Group Foundation Scholarship Program works to ensure that sophomores, juniors, and seniors can finish their four-year degrees. Scholars can reapply for up to three years of support, for a total of $60,000 in financial assistance. Since its 2019 launch, this program has awarded more than $2.5 million in scholarships to 69 talented college students.
"CME Group Foundation is pleased to play a role in driving equitable growth opportunities for under-represented students in our state by providing financial assistance for high-quality education and career development opportunities," said Terry Duffy, CME Group Chairman & Chief Executive Officer and Vice Chairman of CME Group Foundation. "This scholarship program can help our students earn college degrees debt-free, while simultaneously opening new possibilities to explore careers at CME Group and other world-class organizations."
Read more about the impact of the program: Opening Doors for Diverse STEM Students
In addition to the Scholars Program, the Foundation provides grants to direct service nonprofit organizations that work with Chicago students from low-income and historically disadvantaged communities who are underrepresented in the fields of finance and technology. These organizations ensure postsecondary degree or certification attainment and a transition to a strong first job in each student’s chosen field. Additionally, the Foundation supports organizations with a track record of success in providing research that is needed and utilized by the field and/or successful policy work that has advanced priorities of the postsecondary and career success fields with a lens of equity for all students.
Meet the New CME Group Foundation Scholars
On August 11, 2022, CME Group Foundation announced that 18 rising underrepresented students majoring in finance, technology and related fields at partner colleges and universities in Illinois have each been awarded $20,000 in scholarships, resulting in a total of 35 CME Group Foundation Scholars with new and renewing students. The same day, CME Group Foundation hosted its annual Day of Recognition and Market Education for the new 2022-23 Foundation Scholars, as well as interested renewing Scholars. The all-day event, held at CME Group, provided Scholars with valuable information about the financial services industry, as well as internship and career opportunities at CME. Scholars learned from and networked with CME Group employees, who served as keynote speakers, panelists, breakout session speakers and networking participants, throughout the day. The Scholars also participated in a panel and Q&A with three CME Group Foundation Scholars alumni, who are now full-time CME Group employees.
CME Group employee Kim Eyers said: "Having recently hired a CME Group Foundation Scholars program graduate, it’s been impressive to see first-hand the value that this program delivers not only to the Scholars themselves, but to CME Group as a company. The talent coming out of the Scholars program is a true testament to the quality of the experience."
CME Group Foundation’s 2022-23 partner schools are:
- DePaul University
- Illinois Institute of Technology
- Loyola University Chicago
- National Louis University
- Northern Illinois University
- Saint Xavier University
- Southern Illinois University-Carbondale
- Stevens Institute of Technology
- University of Illinois-Chicago
- University of Illinois Urbana-Champaign
- Wilbur Wright College
The application for the CME Group Foundation Scholars program will open again in February 2024. Please check here for updates.
Foundation Scholars begin the Day of Recognition and Market Education at CME Group, with a get-to-know-you activity.
Foundation Trustee Howard Siegel connects with Foundation Scholar Feisal Hassan.
Foundation Scholars in a breakout session with Michael Broton, Senior Tech Controls & Compliance Analyst at CME Group.
Foundation Executive Director Eva Giglio moderates a panel with Jada Aduda, Paige Morton and Daniel Velarde, Foundation Scholars turned full-time employees of CME Group.
SCHOLARSHIP RECIPIENTS
CME Group Foundation's 2021-2022 College and Career Success Portfolio
The CME Group Foundation's College and Career Success grantees help students from Chicago's underrepresented communities and families with low incomes enroll and succeed in post-secondary education, and transition to a strong first job. The Foundation also supports research and policy organizations that advance priorities of the post-secondary and career success fields.