Bright Young Minds Turning Ideas into Action

Genworth Canada Extends Partnership with Enactus Canada to Promote Financial Literacy

TORONTO, Nov.12, 2014 /CNW/ - Today, six projects have been identified as finalists to receive grants from the Genworth Canada Financial Education Project Fund for Enactus Canada, a community of student, academic and business leaders enabling progress through entrepreneurial action.

Genworth Canada's partnership with Enactus, launched in 2012, was established to support Enactus in its mission of advancing the economic, social and environmental health of Canada. The Genworth Canada Financial Education Project Fund was designed to empower Enactus teams with the resources needed to identify, create and deliver programs that address specific and unique financial education needs and opportunities in their communities.

"Genworth Canada is committed to helping improve financial literacy among our youth so that future generations are well-equipped to make sound financial decisions," said Anita Booth, Marketing and Community Relations Leader with Genworth Canada. "Enactus students have the drive, skill and creative thinking needed to create programs that effect positive change and we look forward to seeing our Fund recipients turn their ideas into action."

In addition to receiving a grant, student groups are matched with Genworth Canada mentors to help guide them through their program development.  Past finalists have helped educate athletes on generating sponsorships, developmentally challenged individuals on managing finances and at-risk-youth on finding jobs.  This year, the students were asked to submit proposals that focused on establishing programs that could be implemented in Canadian schools to improve financial literacy.

"As Canada's largest student leadership development organization, we are excited to see how these projects will impact students across the country," said Nicole Almond, Enactus Canada president. "Improving financial literacy and developing that skill set can play such a pivotal role in the lives of Canadians, by helping them help themselves.  We are thrilled that Genworth Canada will be working with us over the next three years on this program."

This year's grant recipients are:

• College of the North Atlantic, St. John's, NF – "Independent You"
• Laurentian University, Sudbury, ON – "Making Sense of your Finances"
• Queen's University, Kingston, ON – "Youth Financial Literacy Project"
• Simon Fraser University, Burnaby, BC – "Count on Me"
• Wilfrid Laurier University, Waterloo, ON – "Financial Light Up"
• York University, Toronto, ON – "Leading to Financial Excellence 2.0"

QUICK FACTS

• Globally, Enactus has grown to include 36 country operations and inspired [66,500] students to develop [6,100] community outreach projects impacting [2.8] million people
• Over the past three years, finalists for the Genworth Canada Financial Education Project Fund have come from universities and colleges in five provinces across the country

Canada's Enactus National Champion will be crowned in [May 2015] at the Enactus National Exposition in Toronto and earn the right to represent Canada on the global stage at the prestigious Enactus World Cup in Johannesburg, South Africa in October 2015.

About Enactus Canada
Enactus Canada, this country's largest student leadership development organization, is shaping generations of entrepreneurial leaders who are passionate about advancing the economic, social and environmental health of Canada. Guided by academic advisors and business experts, more than 2,400 entrepreneurial post-secondary students led 250 community empowerment projects and business ventures this past year in communities coast to coast. As a global network of 36 countries, Enactus uses the power of entrepreneurial action to transform lives and shape a better, more sustainable world. For more information, visit enactus.ca.

About Genworth MI Canada Inc.
Genworth MI Canada Inc. (TSX: MIC) through its subsidiary, Genworth Financial Mortgage Insurance Company Canada (Genworth Canada), is the largest private residential mortgage insurer in Canada. The Company provides mortgage default insurance to Canadian residential mortgage lenders, making homeownership more accessible to first-time homebuyers. Genworth Canada differentiates itself through customer service excellence, innovative processing technology, and a robust risk management framework. For almost two decades, Genworth Canada has supported the housing market by providing thought leadership and a focus on the safety and soundness of the mortgage finance system. As at September 30, 2014, Genworth MI Canada Inc. had $5.9 billion total assets and $3.3 billion total shareholders' equity. Find out more at www.genworth.ca.

SOURCE: Genworth Canada

For additional information or to arrange interviews, please contact: Lisa Azzuolo, Genworth Canada, 905.287.5520 or [email protected]