At the center of our community involvement is The Moody’s Foundation. Founded in 2001, the Foundation has donated more than $54 million in its history and facilitated countless volunteer hours. Dollars and time donated are just numbers. Looking beyond the data, we are interested in the impact those dollars and that time spent made. That is harder to quantify, but we see it in many ways, such as in the faces of the students our employees mentor and in the satisfaction our employees report after volunteering.
The Moody’s Foundation’s primary focus is mathematics, finance and economics education with an associated focus on workforce development. We also support local health and human services, civic and arts and culture organizations for the benefit of our employees and all members of our communities.
Impact in education comes when students see a path they didn’t see before, such as a high school girl realizing that computer science isn’t “just for boys,” but something that she likes and is good at. Or when a student seeks a solution to a real-world problem using applied mathematics and for the first time envisions a career using these skills every day, such as in finance or economics.
Education and workforce development are inextricably linked. We approach our education grants with a long-term goal of helping students gain life skills, such as critical thinking, as well as academic skills. That’s why we measure more than increases in test scores—we also measure the difference in student attitudes and behavior whenever we can.
Take our Generation Giga Girls (G3) program with Girls Inc. of New York. While the classroom instruction focuses on teaching high school girls how to analyze and interpret data, the underlying goal is to open their minds to higher education and career possibilities that use math or data analytics. Following the G3 program, 83% of girls scored higher on Common Core-aligned standards and the percentage of participants considering taking math in college jumped from 34% to 75%. Participants’ confidence in their ability to do well in math also soared, from 48% to 86% by the end of the program.
Then there is our Moody’s Numeracy Project with Vocação in São Paulo, Brazil. Numeracy is the ability to use mathematics in everyday life. Like literacy, numeracy is tied to an individual’s confidence and self-esteem. The Moody’s Numeracy Project approaches the problem of low numeracy in two ways: teaching the children and training the teachers. Targeted to young people from 15 to 18 years old, the program teaches practical math skills as well as critical thinking and problem-solving skills. Program evaluations show that the students have indeed improved in math. Over 18 months, students’ mathematical skills increased 23% based on standardized assessments. The evaluations also show that they have gained self-confidence, self-awareness and persistence in situations involving mathematical logical thinking.
Similarly, Moody’s Analytics Knowledge Services sponsors the “Math-e Magic” Project with the Learning Links Foundation in Delhi, India. The project’s goal is to spark children’s interest in studying mathematics and to make it meaningful by helping them build connections between mathematical concepts and real world applications. Math labs have been established in three government schools, building student engagement with math and increasing the learning outcomes of more than 800 students.
At Gladesmore Community School in London, Moody’s has been funding a booster program in math for many years. The original grant provided small group mathematics tutoring for children at the secondary school. In recent years, the UK secondary curriculum and examinations have been putting more emphasis on students solving word problems, so the program has grown to include reading proficiency. By including literacy skills in the curriculum, students will be better equipped to understand the text of the questions and then solve the underlying math problems.
“The Moody’s data analytics program, Generation Giga Girls, has been a real game changer for the girls in our programs. It has exceeded our wildest expectations. The girls love the digitized animated characters created to present data analytics in interactive situations they can relate to. Most exciting of all: The girls perform significantly better in math, and 89% report an interest in a career in data analytics or math, a 124% increase from when they started the program.”
Christopher Bergman participated in the M3 Challenge in high school and is now an Associate Analyst 1 in the Structured Finance Group in MIS. We asked him how the M3 Challenge shaped his future.