What we do

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

View recipients

Early Childhood Education Grants

2022–2023 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 seeks to close gaps in kindergarten readiness that disproportionately impact Black and Latinx communities and families with low incomes.

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.

View Recipients


Computer Science for All (CS4All)

The Fund


2022–2023 K‒12 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 school leadership, violence prevention, financial education, and computer science.
To learn more about the impact of its computer science grants, please see the computer science [CS] dashboard.


2022–2023 Computer Science Portfolio

This year, the Foundation invested significantly in out-of-school time programs in Chicago’s computer science (CS) deserts, while continuing to support programs in Chicago Public Schools that build pathways for K-12 students to pursue CS in high school and college.

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 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 $3.5 million in scholarships to 100 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.

View 2024-25 recipients

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.

View grant recipients

Meet the New CME Group Foundation Scholars

On August 14, 2024, CME Group Foundation announced that 18 rising underrepresented students majoring in finance, technology, and related fields at partner colleges and universities in the U.S. have each been awarded $20,000 in scholarships, resulting in a total of 35 CME Group Foundation Scholars with new and renewing students. On August 14, CME Group Foundation hosted its annual Day of Recognition and Market Education for the new 2024-25 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 Group. Scholars learned from and networked with CME Group employees, who served as keynote speakers, presenters, small group discussion leaders, and networking participants throughout the day.

CME Group Foundation’s 2024-25 partner schools are:

  • DePaul University
  • Illinois Institute of Technology
  • Loyola University Chicago
  • National Louis University
  • Northern Illinois University
  • Southern Illinois University-Carbondale
  • St. Xavier University
  • 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 2025. Please check here for updates.


CME Group Foundation Executive Director Eva Giglio welcomes new and renewing Scholars at the opening of this year’s Day of Recognition and Market Education.


New Scholar Ali El-Hindi with CME Group Foundation Board Chair Charlie Carey and Executive Director Eva Giglio during the awards ceremony.


Foundation Scholars participate in a “get to know you” activity.


CME employees lead a small group discussion for Foundation Scholars majoring in computer science and information sciences.


Foundation Scholars Fiker Y. Shimels, Farheen Saiyed, Aylin Erdal and Blythe Madera participate in an afternoon small group discussion.


CME Group Foundation Scholars pose for a group photo with Foundation Executive Director Eva Giglio at the Scholars Day of Recognition and Market Education.

SCHOLARSHIP RECIPIENTS

Nube Aguilar will be a senior at University of Illinois Chicago, majoring in Finance. She grew up in Chicago and graduated from Von Steuben Metropolitan High School. Her interests are running/hiking and cooking. Her career goal is to enter the commercial real estate world.

Aaron Alexander will be a senior at University of Illinois Urbana-Champaign, majoring in Computer Science and Advertising. He grew up in Chicago and graduated from Jones College Prep High School. His interests include playing music, travelling and cooking. His career goal is to become a software engineer and an eventual startup founder.

Johnny Barrios will be a graduate student at University of Illinois Chicago, majoring in Accounting and Finance. He grew up in Cicero and graduated from J. Sterling Morton East High School. His interests include real estate. His career goal is to innovate the financial services industry to create a world of prosperity for all.

Mya Bragg will be a senior at DePaul University, majoring in Computer Science. She grew up in Chicago and graduated from King Jesuit College Prep High School. Her interests include playing pokemon and Yu-Gi-Oh. Her career goal is to become a software engineer.

Cristian Brenes will be a senior at University of Illinois Urbana-Champaign, majoring in Agricultural Accounting. He grew up in Rolling Meadows, Illinois and graduated from William Fremd High School. His interests include running, playing soccer, watching movies, and forensic accounting. His career goal is to become a Certified Public Accountant and work in public accounting.

Emmanuel Buabeng will be a senior at University of Illinois Urbana-Champaign, majoring in Computer Science.

Tristan Caldwell will be a junior at University of Illinois Urbana-Champaign, majoring in Information Sciences. He grew up in a Chicago suburb and graduated from Plainfield East High School. His interests include creating digital 2D and 3D artwork, animations, game development, and digital music composition. His long-term goal is to obtain a career in IT that will allow him to develop and manage web applications and data management systems that make people’s work and lives easier and more enjoyable.

Camila Crespo will be a junior at Stevens Institute of Technology, majoring in Business and Technology with concentrations in Finance and Information Systems. She grew up in North Bergen, New Jersey and graduated from Paramus Catholic High School. Her interests include traveling, reading, and art history. Her career goal is to pursue an MBA and work globally.

Issac Deleon will be a senior at DePaul University, majoring in Finance. He grew up in Chicago and graduated from Lincoln Park High School. His interests include basketball, football, biking, and running. His career goal is to become a personal financial advisor.

Ebuka Egbunam will be a senior at University of Illinois Urbana-Champaign, majoring in Computer Science. He grew up in Lagos and graduated from City Pride School. His interests include HIIT workouts, teaching and coding. His career goal is to eventually be a leading computer scientist and an educator.

Ali El-Hindi will be a junior at University of Illinois Chicago, majoring in Accounting with an undeclared double major. He grew up in Melrose Park and graduated from West Leyden High School. His interests include playing and following basketball, weight lifting, expanding his knowledge of the world of business/accounting, and getting involved with extracurriculars/volunteer work. His career goal is to become a Certified Public Accountant and work as an auditor at an accounting firm after completing the 150 credit hours required to sit for the Certified Public Accounting exam by May 2026. He is considering pursuing a JD/MBA dual-degree program after completing his Bachelor’s Degree to combine his interests in law with his professional aspirations in the business world.

Aylin Erdal will be a sophomore at Stevens Institute of Technology, majoring in Business & Technology. She grew up in Green Brook, New Jersey and graduated from Watchung Hills Regional High School. Her interests include finance, python coding, hybrid training, nutrition, podcasts and fashion. Her career goal is to dive deep into the finance world and make an impact on the financial decisions of people that will bring them ultimate success.

Olamiji Fabamigbe will be a junior at University of Illinois Chicago, double majoring in Information & Decision Sciences and Management. She grew up in Markham, Illinois and graduated from Illinois Mathematics and Science Academy in Aurora. Her interests include trying different foods, watching movies, and playing volleyball. Her career goal is to be a technology consultant and her long-term goal is to start her own business.

Leslie Gonzalez will be a junior at Northern Illinois University, majoring in Computer Science. She grew up in Montgomery, Illinois and graduated from Oswego High School. Her interests include running, gaming, and reading. Her career goal is to become a software developer.

Michael Gonzalez will be a senior at University of Illinois Chicago, majoring in Finance and Business Analytics. He grew up in Orland Park and graduated from Carl Sandburg High School. His interests include running, reading, and watching football. His career goal is to work in commercial banking post-graduation.

Shria Halkoda will be a sophomore at University of Illinois Urbana-Champaign, majoring in Computer Science. She grew up in the northern Chicago suburbs and graduated from Illinois Mathematics and Science Academy. Her interests include connecting with others over shared passions for cars, couture, media, finance, and social entrepreneurship. Her career goal is to build her skillset as a machine learning engineer at an industry-forward tech company before taking the leap to start her own ML solutions firm servicing the small businesses in her community.

Feisal Hassan will be a senior at University of Illinois Urbana-Champaign, majoring in Computer Science. He graduated from Innovations High School in Chicago. His interests include software engineering, economics, and sports. His career goal is to solve problems as a software engineer.

Babak Hatami will be a junior at DePaul University, majoring in Finance. He grew up in Edgewater, Chicago, and graduated from Lane Tech High School. His interests include weightlifting, investing, and investment club. His career goal is to become a financial analyst, leveraging his skills and interests to contribute to the financial sector and make informed investment decisions to help underprivileged communities improve their financial well-being.

William Ileka will be a junior at DePaul University, majoring in Computer Science. He grew up in Lynwood, Illinois and graduated from T.F. South High School. His interests include programming, robotics, and gaming. His career goal is to become a software engineer.

Nataly Jimenez Cruz will be a junior at Stevens Institute of Technology, majoring in computer science. She grew up in Lodi and graduated from Lodi High School. Her interests include exploring new places and working out. Her career goal is to become a machine learning engineer, creating inclusive technology that solves real-world problems.

Hemam Kassahun will be a sophomore at DePaul University, majoring in Computer Science. She grew up in Addis Ababa, Ethiopia, and graduated from One Planet International School. Her interests include sightseeing, shopping, spending time with family and friends, and volunteering with students. Her career goal is to gain experience working as a business analyst and tech consultant, with the ultimate aim of transitioning into entrepreneurship to innovate and create solutions that bridge the gap between technology and business needs.

Michael King will be a senior at University of Illinois Chicago, majoring in Accounting. He grew up in the East Garfield Park neighborhood and was homeschooled through high school. His interests include music, reading, exercising, and studying the Japanese language. His career goal is to work as an audit accountant and eventually to transition to financial consulting for small businesses.

Brenda Leyva will be a senior at University of Illinois Chicago, majoring in Computer Science. She grew up in Chicago and graduated from Roosevelt High School. Her interests include cybersecurity, program management, volleyball, and photography. Her career goal is to pursue an MBA and lead as a security program manager.

Blythe Madera will be a sophomore at University of Illinois Urbana-Champaign, majoring in Accounting and Data Science. She grew up in Chicago and graduated from Whitney Young Magnet High School. Her interests include reading, listening to music, playing board games, and spending time with her siblings. Her career goal is to become a CPA working in one of the Big Four.

Daniel Martinez will be a senior at University of Illinois Chicago, majoring in Finance. He grew up in Chicago’s Belmont Cragin neighborhood and graduated from Noble ITW David Speer Academy. His interests include bowling, running, traveling, and spending time with friends and family. His career goals are to explore paths in consulting or finance to help serve clients in a growing business world.

Luis Miranda will be a sophomore at University of Illinois Chicago, majoring in Finance. He grew up in Chicago and graduated from Lane Tech College Prep High School. His interests include trading assets such as stocks, commodities, currencies, and options. His career goal is to become a full-time trader and market analyst.

Noah Munoz will be a junior at University of Illinois Urbana-Champaign, majoring in finance and information systems. He grew up in Streamwood, Illinois and graduated from Elgin High School. His interests include going to the gym. His career goal is to find fulfillment somewhere within the finance field working with technology.

Brianna Negron will be a senior at University of Illinois Chicago, majoring in Information Decision Sciences with a concentration in Business Analytics. She is also pursuing a minor in Economics and a minor in Math. She grew up on the southwest side of Chicago and graduated from John Hancock High School. Her interests include writing, traveling, and all things film-industry related. Her career goals are to use her data analytics and research skills to measure mental health patterns in hopes of finding the most effective treatments for patients and to run her own business.

Natalie Ramirez will be a senior at University of Illinois Chicago, double majoring in Accounting and Finance. She grew up in Chicago and graduated from Thomas Kelly College Prep. Her interests include going to concerts/festivals and exploring the city. Her career goal is to become an auditor.

Lylli Rodriguez will be a senior at University of Illinois Chicago, double majoring in Accounting and Information Decision Sciences. She grew up in Wood Dale and graduated from Fenton High School. Her interests include photography, running, and strength training. Her career goal is to become a CPA.

Farheen Saiyed will be a senior at Loyola University Chicago, majoring in Finance and Information Systems and Analytics. She grew up in Chicago and graduated from Northside College Prep High School. Her interests include playing volleyball, traveling, fashion and beauty, linguistics, and artificial intelligence. Her career goal is to explore technology consulting, corporate finance, and data analytics for publicly traded companies.

Enrique Santillan will be a senior at University of Illinois at Urbana-Champaign, majoring in Finance. He grew up in Chicago and graduated from Whitney Young Magnet High School. His interests include soccer, guitar, and chess. His career goal is to work in banking.

Fiker Yonathan Shimels will be a junior at DePaul University, majoring in Accounting and Data Science. She grew up in Addis Ababa, Ethiopia and graduated from Ethio-Parents’ High School. Her interests include guitar, piano, drums, soccer, basketball, cooking, gardening, reading and chess. Her career goal is to become a CPA and make a significant contribution to the field of accounting and analytics.

Thomas Zaborenko will be a junior at DePaul University, majoring in Mathematics. He grew up in Glenview and graduated from Glenbrook South High School. His interests include history, chess, and pickleball. His career goal is to create and lead a financial technology start-up that addresses unique challenges in the finance industry.


2022–2023 College and Career Success Portfolio

The CME Group Foundation’s College to Career Success grantee partners 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.