Financial illiteracy is a problem that affects us all 76% of students are unprepared for their financial futures. DoughMain Financial Literacy Foundation is a nonprofit dedicated to building a better tomorrow by educating people today, in order to forge a financially literate America. Read More
Financial illiteracy is a problem that affects us all 60% of Americans spend without a budget DoughMain Financial Literacy Foundation is a nonprofit dedicated to building a better tomorrow by educating people today, in order to forge a financially literate America. Read More
Financial illiteracy is a problem that affects us all 95% of high school seniors are financially uneducated. DoughMain Financial Literacy Foundation is a nonprofit dedicated to building a better tomorrow by educating people today, in order to forge a financially literate America. Read More
Financial illiteracy is a problem that affects us all 75% of college graduates are financially illiterate. DoughMain Financial Literacy Foundation is a nonprofit dedicated to building a better tomorrow by educating people today, in order to forge a financially literate America. Read More
DoughMain Financial Literacy Foundation is a nonprofit dedicated to building a better tomorrow by educating students today, in order to forge a financially literate America.
Financial literacy [fi-nan-shuh l lit-er-uh-see] The ability to understand how money works in the world
• How someone manages to earn or make it
• How that person manages it
• How he/she invests it (turn it into more)
• How that person donates it to help others.
Ken Damato is the CEO of Midawi Holdings Inc. (MHI) dba DoughMain, which he founded in 2009 to help families get organized and learn about money and money management. Prior to founding MHI, Mr. Damato was a Managing Director for Intrepid Capital Partners, where he set and drove the strategic direction of several portfolio companies and pursued investment opportunities alongside the board of directors. He has also held executive positions with the Tyden Group (a holding company of the Crimson Investment Team), American Standard, and GE Lighting. Mr. Damato graduated from Northeastern University with a Bachelor Degree in Marketing and Business Administration.
Steven Bergida currently serves as the Director of Trading for CFT Securities, LLC. Prior to joining CFT, he worked as a Managing Director and Head Trader for Quellos Brokerage Services, LLC. Mr. Bergida has 28 years of experience trading global equities, fixed income, currencies, futures, listed options, and structured derivatives. He has served as a Managing Director at ING Furman Selz Asset Management, where he has also acted as the Head Trader for the Asset Management Group. He started his career as a Proprietary Trader on the Arbitrage desk at Furman Selz. Mr. Bergida graduated from the University of Maryland with a Bachelor Degree in Finance. He resides in Montgomery Township, NJ with his wife Elaine and their two children.
Matthew Allan is a real estate broker, developer, and founder of the Moves With a Purpose, a Savannah, Georgia real estate team which seeks to build its local community by contributing 10% of its commissions to Savannah-area non-profits. Focusing on historic downtown Savannah for nearly a decade, Matthew specializes in historically appropriate infill construction, as well as large-scale renovation projects.
Matthew holds a B.S. in Communications from Boston University and an MBA from Pepperdine University. He lives in downtown Savannah with his wife, two children, and three rescued dogs.
Glenn Adamo currently serves as the President of Ivanhoe Media and Entertainment, an independent consulting business focused on all aspects of media creation, strategy, production and delivery. Glenn has 35+ years of experience in media, technology, broadcasting and entertainment. He served as VP of Media Operations at NFL Films, VP Broadcasting and Community Development for the Stanley Cup Champions New Jersey Devils, and Group VP of Broadcasting & founder of NHL Productions. Prior to that, he spent 15 years with NBC Sports where he worked on the 2002 Winter Olympic Games and was responsible for staffing, production, programming and creative execution of more than 140 hours of Olympic hockey coverage on the CNBC, MSNBC and NBC networks. Glenn has won six Sports Emmys for his work on 1980 World Series, 1980 Wimbledon, the 1988 and 1992 Summer Olympics, 2002 Winter Olympics, and in 2011 he received the Chairman’s Award for Excellence by the National Academy of Television Arts and Sciences for his work as Executive Producer of the Tenth Anniversary of 9/11 with Robert DeNiro. This honor marked the first time in the history of the Emmy Awards that a sports league was given the prestigious Chairman’s award. Glenn is a 1977 graduate of the University of Connecticut where he majored in sports physiology and physical education while playing varsity ice hockey. Glenn has been married to his wife Valerie for 37 years and they have two children. He resides in Manalapan, NJ.
Andrea Catsimatidis serves as an executive at the Red Apple Group, one of the largest privately held companies in the United States. This family owned company has widespread involvement in multiple industries including: energy, real estate, finance, insurance, supermarkets and aviation. Ms. Catsimatidis graduated from New York University’s Stern School of Business with a B.S. in Business Management, as well as, double minors in Political Science and Communications. During her years at Stern School of Business, Ms. Catsimatidis was named as one of the 15 most influential students at NYU. Ms. Catsimatidis currently resides in New York City where she participates philanthropically by supporting charities such as the Police Athletic League and the Alzheimer’s Association, among others.
Kathie De Chirico, an experienced C-Level executive with broad industry experience in leadership and management has been appointed as the Vice Chair of the DoughMain Financial Literacy Foundation as well as the Chair of the Women’s Financial Literacy Initiative that is focused on awareness and education around financial health and independence.
She has served as COO at prestigious companies such as VVA LLC/VVA Sweett Group, The Bromley Group, and Basic Elements in a dual President/ COO capacity, as well as NewsCorp/The Wall Street Journal as a Director of Brand Development and brings years of strategic foresight, brand development, operational alignment to strategy, in addition to business development oversight and execution.
With a BS from Rutgers University and an MBA from Villanova University, she is a community enthusiast with her sights always on bringing the future to the present.
Maria Passannante-Derr is a practicing attorney and real estate investor in Manhattan. She grew up in Greenwich Village in an extended family that has been active in local business, philanthropy and politics for three generations. Ms. Passannante-Derr continues her family tradition of community service as an eleven year member of her local Community Board consisting of a group of fifty persons who are appointed by the elected officials to advise them on various grass roots issues. Recognizing her business savvy, leadership skills and commitment to balancing preservation and development she was elected position of Chair. Under her leadership, she urged and supported reforms to make the Board not only fiscally responsible but open and responsive to the Community’s needs. Ms. Passannante-Derr was a founding member of the revitalized Greenwich Village-Chelsea Chamber of Commerce and was recently honored by Village Care of New York for her “community activism”. She holds a J.D. from New York Law School and a MPA from John Jay College of Criminal Justice and is admitted to practice in the New York State and Federal bars.
Angela Ho currently serves as Senior Vice President and Principal Accounting Officer at OceanFirst Bank. Angela has 10+ years of experience in the banking and accounting industry and served as VP and Controller at NorthField Bank from 2012-2016, Accounting Policy Manager at Signature Bank from 2010- 2012, and as a Senior Associate and KPMG Audit from 2006-2010. She is a graduate of the University of Massachusetts, Amherst where she majored in Accounting and she is presently pursuing a Master of Business Administration at University of Pennsylvania- The Wharton School. Angela is an Alumni of the American Institute of Certified Public Accountants (AICPA) Leadership Academy and received a 2015 award for New Leaders in Banking from the New Jersey Bankers Association. Angela is active with AICPA and is dedicated to causes related to education and financial literacy. Angela lives in Lavallette, NJ.
June Jaffee began serving the Muriel F. Siebert Foundation as Executive Director in 2004 where the organization’s top priority is financial literacy. Prior to joining the foundation, Ms. Jaffee held various Public Relations positions at several international companies. Ms. Jaffee also worked as a National Sales Executive at Revlon for 15 years.
Ms. Jaffee is a native Californian who graduated with honors from UCLA with a BA in Political Science. During her time there, Ms. Jaffe held the position of Vice President of the Associated Students of UCLA and later founded the UCLA Club of New York. Ms. Jaffee enjoys spending her time in New York City where she currently resides.
Jay McCann received his BA in History from Caldwell University in 1992. and is currently employed as a Specification Sales Manager for Philips Lighting of North America in Somerset NJ. Jay previously spent 16 years with the Lighting division of General Electric in various sales roles. A strong advocate for public education. He served on the Caldwell/West Caldwell NJ Board of Education from 2004-2010. Jay chaired the curriculum and budget committees from 2004-2008. Jay was elected President of the Board by his fellow Board members and served as in that capacity from 2008-2010, He was instrumental in the passage of a $16.5 million dollar Bond referendum which balanced the infrastructure as well as the technological needs of the district in 2007. He has received many professional awards throughout the course of his career. Jay resides in Caldwell NJ with his wife Karen and their three children.
For over 20 years, Paul has served as a principal advisor to privately held businesses and their owners. Paul understands that succeeding a business is one of the most important and complex financial decisions in that business owner’s lifetime. His ability to plan well timed exits have resulted in millions of dollars in additional Value and Wealth Preservation that is added to a business owner’s net worth and legacy.
Known as a “solutions provider” he focuses on developing multi-year planned exits from a business for business owners who are looking to retire or move onto a new phase of life through a sale, succession or merger. Paul not only coordinates a multi-disciplinary advisory team to help with the exit execution, but, he also orchestrates an estate planning strategy to help maximize the transfer of wealth to future generations.
Paul has been recognized with the prestigious “Top of the Table” award reserved for the world's most successful life insurance and financial services professionals; and is a recipient of NJBiz’s 40 Under 40 award.
Paul chairs AALU’s Qualified Planning Committee and is a member of their Business Insurance and Estate Planning Council. A graduate of Rutgers University, he serves as an Advisory Board Member of their Catholic Campus Ministry and is an active member of his local church. He and his wife raise their three children in the Princeton area.
Dr. Steven Felgran is an economist and Co-Director of the North American Transfer Pricing Practice of AlixPartners LLP in New York, NY. Previously, Steve was a partner with the Economic and Valuation Services practice of KPMG LLP. Steve has extensive experience in economic analysis and controversy support. Steve has been an expert witness in court and has provided expert analysis before IRS Appeals Panels and Competent Authorities in numerous cases. Prior to KPMG, Steve taught at Northeastern University’s College of Business Administration in Boston, and was an economist with the Federal Reserve Bank of Boston. He is a member of several professional and academic organizations such as the American Economic Association, the National Association for Business Economics, the American Bar Association, and the International Fiscal Association. Steve earned his Ph.D. in Economics from Yale University and his B.A. in Economics from the University of Pennsylvania. Steve resides in Westchester, NY with his wife, Hilary, and their two children.
Kathy Hurley is a 40+ year veteran of the education industry and advocate supporting the vision of global education for all. She possesses a wealth of knowledge and expertise in publishing, technology, education policy, sales, marketing and business development, all of which have propelled her through her career with top businesses and foundations. Kathy has held a number of prestigious positions, most recently Executive Vice President Education Alliances, for the Pearson Foundation. Previously she served in executive positions in both publishing and technology companies, including Pearson and IBM. In addition to her widespread involvement, Kathy currently serves on numerous key industry and education advisory boards, while holding leadership roles in many. Kathy is a highly decorated and sought after speaker, offering new and innovative approaches to education while targeting both national and international audiences, thus maintaining her global commitment to education. She holds a number of noteworthy accolades and in 2013, Kathy was selected as a Fellow of the Advanced Leadership Initiative at Harvard University for 2014. She plans to continue her work by co-founding a non-profit organization entitled Girls Thinking Global. Kathy holds a B.A. degree in Special Education from the University of Dayton and a Master’s degree in Education from Jersey City State College. Kathy is married and resides in Arlington, Virginia.
Sam Kaufman began his career in the life insurance industry in 1968 and in 1973 founded Agent Support Group (ASG), a life insurance brokerage agency. For over 42 years Sam has worked to build ASG into one of the first true multi-company agencies in New York. His focus is on providing value-added services as well as insisting that ASG become a leader in technology allowed the company to grow, becoming a powerhouse and one of the largest independent life operations in the Northeast.
Now, the man who gave brokers their first computerized sales illustrations (Sam was one of the first in New York to even own a computer) pioneered the ASG Mobile App, allowing life agents the ability to do business anywhere and access the latest information in the palm of their hand. Sam has played an important role in product development and marketing and has lectured before the New York Chapter of NAIFA and the Society of Financial Service Professionals. He is a member of NAILBA and has won numerous industry and carrier awards including a lifetime achievement recognition.
Sam graduated from the University of Miami with a degree in Business Administration and Management. He is an established cabaret singer, having performed over the years at such venues as the Copacabana, Birdland and others. He and his band have been featured in two full-length CD’s and performed for charitable benefits on numerous live television and radio telethon broadcasts.
Mr. Rogerson is a managing director with BNY Mellon Wealth Management. He has spent more than 25 years teaching clients about family issues concerning wealth and financial planning. Tom has worked with top U.S. law, accounting, insurance, and investment firms educating, motivating, and training their employees, prospects, and clients on family issues around wealth and how to integrate it into their financial planning. He has been invited to speak at numerous family meetings of some of the wealthiest families in the country.
David A. Paterson became the 55th Governor of New York State, serving from 2008-2010. He immediately raised eyebrows when he warned of an impending fiscal crisis in his inaugural address. Despite the greatest economic crisis that New York State has ever faced, Governor Paterson enacted sweeping reforms on a wide range of issues facing New Yorkers, and largely reduced New York’s deficit by nearly 40 billion dollars, twice the amount in any comparable period. He also became the first Governor to sign legislation which criminally penalized predatory-lending during America’s worst foreclosure crisis, among many other legislative initiatives. Since stepping down as Governor, he has hosted a drive time talk-radio show in New York City, appeared as a guest commentator on various political news programs, and remained a highly sought-after speaker by many diverse organizations. Additionally, he has served as an adjunct professor of Government at New York University, and has been appointed a distinguished professor of health care and public policy at Touro College of Osteopathic Medicine. In 2014, Governor Paterson was appointed New York State Democratic Party Chairman by Governor Andrew Cuomo. Governor Paterson earned a degree in law from Hofstra University, School of Law and a B.A. in History from Columbia University.
Ed Moldaver is a Managing Director at Barclays, where he helps ultra high net worth individuals, families, and institutions manage their wealth. Before joining Barclays, Mr. Moldaver was a Managing Director at Morgan Stanley Smith Barneys. In 2012, Mr. Moldaver was ranked the #1 financial advisor in New Jersey in Barron Magazine’s “Top 1000 Advisors: State by State”. Mr. Moldaver is also involved in his local community, where he serves as treasurer and trustee member of the Guardian Angels, a Partner in Education with the NYC Mentoring Program of the NYC public school system, and a youth football coach. Mr. Moldaver earned his bachelor’s degree at Widener University and has completed his Certified Portfolio Manager (CPM®) certification sponsored by the Academy of Certified Portfolio Managers (ACPM®) and Columbia University. He lives in Colts Neck, NJ with his wife Eve and their children.
Mary Sliwa is an Assistant Vice President in the Wealth and Investment Management division of Barclay’s.
Mary draws on over 25 years of experience as a leading executive in the corporate media arena and as the COO of the Guardian Angels to guide the team on the complex issues surrounding philanthropy and endowment that affect high net worth clients. In addition, Mary coordinates strategic relationships through her vast personal and business networks of executives, philanthropists, politicians and media figures.
Mary joined Barclay’s in 2012 from Morgan Stanley Smith Barney where she worked with Ed Moldaver. Prior to joining Ed’s team, Mary led the Guardian Angels in her role as Chief Operating Officer and Executive Director responsible for developing the board, all marketing, public relations, fundraising, sales development and political outreach. For over 13 years, Mary led the organization’s evolution form a respected New York City community safety patrol group into an internationally well-recognized service organization with chapters worldwide.
Mary earned a Psi Chi Certificate of Recognition in psychology from Fordham University, a graduate certificate from the Wharton School of the University of Pennsylvania, a graduate certificate in media and public relations from the Sterling Institute and her BA degree in Special Education for Multiply Handicapped Children from William Paterson University.
John is an experienced proactive management professional with a unique blend of business and creative vision strengthened by a consistent record of achievement in navigating projects through to successful completion. He has an extensive background in marketing and communications for a variety of industries which include healthcare, technology, and financial. John has successfully managed his own marketing firm for several years and has previously worked with Siemens, Fasthosts, Bowne, Price Waterhouse, Booz•Allen, Pfizer, Revlon, and NBC to name a few.
As the head of marketing, John has a proven track record of successfully working with international businesses to build & ensure a strong brand through enhanced image and communications. His expertise in traditional and online marketing & communications includes print advertising & collateral, direct mail, broadcast media, social media marketing, email marketing, SEO & website development, multi-media projects, and trade show marketing.
As a professional and creative lead, John is a marketing asset who has successfully managed internal and external resources through large-scale, complex marketing initiatives with budgets ranging from $100K to over $1 million dollars.
John was born and raised in New York City where he attended school. He graduated from the High School of Art Design where he completed a six-month internship with NBC News. John also graduated from the prestigious Parsons School of Design and continues his education through seminars and constant reading & learning.
Rob has more than 10 years of grassroots non-profit experience working with both national and local organizations. His dedication to community building and education is also found through his experiences in law enforcement while serving diverse communities, and as an educational leader, teacher and mentor at the elementary school and collegiate levels.
Rob has served as a local area leader, managing all aspects of a volunteer charitable organization, as well as the state vice president and state chairperson for an organization whose primary mission it is to provide assistance to veterans, children with disabilities, educational scholarships and support for youth service and anti-drug and alcohol programs.
As a New York City Police Officer, Rob received commendations for excellent and meritorious service while working within some of the most ethnically and culturally diverse communities in the world. He was recognized by the New York Police Department and the Fraternal Order of Police numerous times for excellence and meritorious service and was inducted into the Legion of Honor of the American Police Hall of Fame.
Rob has lived in New Jersey for over 15 years with his wife and three children, daughters Katherine and Elizabeth and Son William.
Nandita is a creative and goal oriented experienced educator and curriculum developer with 15 years of mathematics teaching experience in traditional and individualized learning environments resulting in exemplary student results. She is highly proficient in developing and implementing curriculums, learning methods, lesson plans, assessment methods, and presentations from the elementary to university level across a wide range of mathematical disciplines.
Nandita’s professional experiences have been multilingual, multicultural and multinational which provide her with the unique understandings necessary in planning and preparing for today’s diverse educational environments. As an educator, she served as a teacher of mathematics at St. Pius and St. Laurent Adult Centers in Montreal, Canada, teaching High School Mathematics at the D.A. V. and Meenakshi Public Schools in India as well as at the collegiate level at Hindu Kanya College in Kapurthala, India.
Nandita was born in India, and has attained multiple graduate and postgraduate degrees which include a Bachelor of Education from Jammu University, Bachelor of Science, Mathematics, Physics and Electronics as well as a Master of Mathematics from Guru Nanak Dev University, attaining Gold Medal and Honor Roll awards, and a Master of Philosophy in Applied Mathematics from Kurukshetra University, with distinction.
Nandita has recently re-located to Montgomery Township, New Jersey with her husband and two children.
Financial education is increasingly becoming a required topic in school standards in order for students to graduate.
2016 Council for Economic Education Survey of the States, CEE Survey of the States 2014
Teachers lack the resources, content and knowledge to effectively teach personal finances topics
2016 Council for Economic Education Survey of the States, CEE Survey of the States 2014
America is suffering from a silent financial crisis. In recent years our economy has become increasingly unstable and our country’s economic future, daunting. It’s affecting American children, women, minorities, families, you, us... everyone. The American Dream has turned into a bit of nightmare as Baby Boomers approach retirement unprepared, Gen X struggles with extensive consumer credit card debt and Millennials suffer from the shackles of massive college loans. What these symptoms signify is a financial illiteracy epidemic.
Lack of financial literacy at an individual level affects us all at a national level. Successful and financially stable citizens make for a successful and stable economy. The best way to build a better tomorrow is to start educating people today.
76% of college students wish they had more help to prepare for their financial futures.
2007 Study conducted by Hartford Financial Services Group
60% of Americans spend without a budget.
2015 Survey conducted by ACA International
95% of high school seniors and 75% of college graduates are financially illiterate.
2014 study by JumpStartCoalition for Personal Financial Literacy
At Fred Beans Family of Dealerships we understand the important need for financial literacy education in our schools and the important role that financial literacy plays in making our families and communities stronger. Our support symbolizes our ongoing commitment to the work that DoughMain Financial Literacy Foundation is doing. We are also honored to have the ongoing opportunity to support the FitKit HS Youth Financial Literacy Program's implementation in schools. This is a great opportunity to work with our communities not only by providing options through our dealerships, but also to help support financially responsible decision making practices.
Among leaders in education, Stacy Lynn Costa offers a vantage point from which few others can see. A visionary who has played a critical role in the profound development and implementation of education and support services for more than 87 public school districts and 200 public and private schools, Costa’s accomplishments reflect her personal commitment to making a positive difference in the lives of every family and child with whom she interacts.
In late 2013, following nearly two decades of classroom and district administration experience in New Jersey, Stacy launched School Answers Academic Success Center. Her motivation to move in this direction personally and professionally was the void that she felt existed -- a single location for multiple, high-quality educational support services provided affordably for parents and their children. School Answers franchise initiatives are underway with expansion opportunities planned for 2015-2016. Immediately prior to School Answers, for well over a decade, Stacy served as a top administrator. Her experience includes all levels - building, district and county level administration.
Stacy is an inspiring academic leader who has consistently pushed multiple school systems ahead, directing necessary change and motivating others to join her in the journey. She earned a bachelor’s degree in Special Education and a Master of Arts in Educational Administration and Leadership from Georgian Court College in Lakewood, N.J. She continued her studies at Seton Hall University, earning an Ed.S. in Educational Leadership, Management and Policy. In addition to School Answers, Stacy Lynn Costa is currently an instructor at the college level.
A graduate of the Art Institute of Philadelphia Ernie has more than 11 years of experience in graphic design and business leadership. Ernie is passionate and has worked as a project manager in all areas of design including: Conceptualizing, sketching, estimating, surveying, designing, prepressing, printing, fabricating, finishing, delivering, installing, and taking photographs of the final pieces, bringing all his talents together. He is highly skilled in Adobe Creative suites, Corel Draw, Omega composer and other design tools. Ernie made his way to DoughMain Education Foundation by way of a small farm in southern New Jersey. While dodging tractors, selling pumpkins roadside, and finding himself in the occasional burlap sack (all three true stories!), Ernie would look over his 1990 Kenner catalog in awe as that year’s line of toys called his name. Later in life, he chose to view the effective child-focused advertising as time he fell in love with design. The layouts, the logos, the figures arranged perfectly in villain-destorying stances, all lead Ernie down the path of art and design. Ernie donates a significant amount of this time to utilizing his skills to help others.
A student at Philadelphia University and Graduate of Brookdale Community College, Katelyn is working towards a Bachelor’s Degree in Graphic Design Communication. Katelyn has been actively involved as a Design Consultant, Production, Sales, Social Media Administrator for JCK Special Tees in Howell NJ. Working in her family owned printing and marketing business, and through her educational experiences Katelyn has developed high level skills in Adobe Creative Suite, Corel, Typography, Screen Printing, Sales and Production. Katelyn came to DoughMain Financial Literacy Foundation during the winter of 2016 highly recommended by Integrated Marketing Services and has since established herself as the Graphic Design Team Leader for interns. Katelyn in an avid country girl and is not shy about taking on challenge whether it involves branding for a 2,000-page curriculum or helping to deliver birth lambs at a farm in Allentown
During the Spring of 2017 (2% of the school student population), our FitKit H.S. Youth Financial Literacy Program became popular among students with 20% of the student population and growing now requesting the course be added to their schedules. Although this course is not a requirement in Pennsylvania, the small sampling demonstrated a solid 40% increase in financial literacy scores being recorded based upon our course pre and post assessments with higher average increases among HS Freshman, Sophomores and Juniors. Three separate trends have also been identified which if they hold true over larger samples, will be very interesting as we move forward. They are the following: 1) Course effectiveness may be gender neutral. 2) Freshman taking the course showed some of the greatest improvement. 3) Course may be the most effective for those who enter the course knowing the least; indicating that we may be best at reaching those most in need.