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2011

H&R Block Awards Scholarships to Financially Fit Teens

 

Kansas City, Mo. (May 3, 2011) — In a face-off of financial wits, 16 teams of high school students from across the country battled for more than $50,000 in college scholarships during the finals of the H&R Block Dollars & Sense National Challenge. Held May 1-2 in Orlando, competitors navigated an avatar through multiple financial situations to demonstrate their financial acumen and accumulate virtual wealth in a program created to increase teens’ personal finance skills. Pradyut Paul, Tejas Shekhar and Kenny Joseph from Neuqua Valley High School in Naperville, Illinois won first place and each received a $10,000 scholarship. The Illinois team’s avatar accumulated $88,386 to win the doubleelimination competition. Second place went to Kiara Hermandez and Mashlie Sanchez from Southwest Miami High School in Miami who each received a $5,000 scholarship. And $2,000 scholarships will be awarded to Amit Kumar, Wayne Wong and Robin Wei from Glen Forest High School in Mississauga, Ontario who took third place. “We worked hard and it paid off, thanks to H&R Block,” said Pradyut Paul, a member of the first place team. “This is the best way to end our senior year.” Finalists competed against more than 3,500 student teams in two online challenge rounds to qualify for the national finals. Through Dollars & Sense, H&R Block has awarded more than $2 million in personal finance curriculum and scholarships to high schools and students nationwide since October 2009. “We want teens to learn personal finance skills in a compelling way so they’re better prepared when they’re responsible for their own finances,” said Kathy Collins, vice president of marketing for H&R Block. “Based on the performances of our National Challenge winners, we’re confident they’ll handle that responsibility well when the time comes and we’re happy to reward their efforts with money for college in the meantime.” H&R Block Dollars & Sense was created to support local schools and help increase teens’ financial fitness. To execute the challenge, H&R Block partnered with DECA and Knowledge Matters, two leaders in the education field. For more information about the program, visit www.hrblockdollarsandsense.com/viewourvision. About H&R Block H&R Block Inc. (NYSE: HRB) is one of the world’s largest tax services providers, having prepared more than 550 million tax returns worldwide since 1955. In fiscal 2010, H&R Block had annual revenues of $3.9 billion and prepared more than 23 million tax returns worldwide utilizing more than 100,000 highly trained tax professionals. The Company provides tax return preparation services in person, through H&R Block At Home™ online and desktop software products, and through other channels. The Company is also one of the leading providers of business services through RSM McGladrey. For more information, visit our Online Press Center.

Media Contacts

H&R Block Media Desk

(816) 854-4287

mediadesk@hrblock.com

NYSE: HRB

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H&R Block Offers Grants to Teachers Nationwide

Teachers need online votes to secure curriculum; increase teens’ financial fitness

(Kansas City, Mo.) — How many parents would hand over the family budget for their teenager to manage? Not many. And probably with good reason. Statistics show that only 15 percent of teens receive any formal personal finance education before graduation1 and 50 percent of high school seniors fail when tested on basic personal finance2. Many teens leave high school unprepared to balance a checkbook, pay bills and avoid debt, but teachers nationwide are working to change that and H&R Block has committed $500,000 to helping them.

Through H&R Block Dollars & Sense, the company provides personal finance curriculum grants to interested teachers each year. Hundreds of high schools vie for the Virtual Business® – Personal Finance software and curriculum H&R Block Dollars & Sense provides, and this year the public is being asked to help determine grant recipients. Through April 15, anyone who visits www.hrblockdollarsandsense.com can view the list of applicants, read why each school wants personal finance curriculum, and cast a daily vote for their school(s) of choice. Through this process, 250 schools will receive interactive curriculum that takes students through 18 real-life scenarios covering budgeting, credit scores, debt management, bill paying and more in a fun environment.

“H&R Block works with millions of clients each year and we know regardless of age, geography and income, people experience financial stress and are always interested in seeing their money grow,” said Kathy Collins, vice president of brand for H&R Block. “H&R Block Dollars & Sense is not only an opportunity for us to support local schools and give back to the communities we serve, it’s also a way for us to empower kids for a strong financial future.”

Teaching Teens About Money

Parents commonly cite money among the most difficult topics to discuss with their teens, but the price of not having the conversations is too high to pay.

“Financial stress can be damaging to teens’ health,” said Dr. Brad Klontz, a financial psychologist and author who works with H&R Block Dollars & Sense. “High school is a critical time for teens to learn important financial lessons before they are out on their own. Helping teenagers understand concepts such as credit and compound interest early can build confidence, reduce stress and set them on the right track for their financial future.”

For more information about H&R Block Dollars & Sense, to vote for a school, or to read Dr. Klontz’s tips for talking to teens about money, visit www.hrblockdollarsandsense.com.

1National Endowment for Financial Education

2Jumpstart Coalition for Financial Literacy

About H&R Block

H&R Block Inc. (NYSE: HRB) is one of the world’s largest tax services providers, having prepared more than 550 million tax returns worldwide since 1955. In fiscal 2010, H&R Block had annual revenues of $3.9 billion and prepared more than 23 million tax returns worldwide utilizing more than 100,000 highly trained tax professionals. The Company provides tax return preparation services in person through H&R Block At Home™ online and desktop software products and through other channels. The Company is also one of the leading providers of business services through RSM McGladrey. For more information, visit our Online Press Center.

Media Contacts

H&R Block Media Desk (816) 854-4287

mediadesk@hrblock.com

NYSE: HRB

Download PDF