NAF (non-profit organization)

Characterized as "schools within schools," NAF academies serve a small community of students who are "organized as a cohort over their four years of high school" Academy teachers are typically skilled in both academic and the technical knowledge of the field in which the academy is focused. They are provided support with NAF professional development, training and curricula that integrates "core subject area content, career-themed content or technical education under a specified theme" ... based on NAF's input, that of CTE (Career Technical Education) and the local labor markets. Summer internships of about six to eight weeks are a focal point of the academy programs, and usually pay the students for their work. Seniors in the program combine work-based learning with corresponding curricular activities to learn more about the industry, and to "explore careers, plan for college, and develop their social and interpersonal skills." As a result of the program, one Massachusetts student "complete[d] a 120-hour internship and pass[ed] a college-accredited accounting course while in high school ... then "she took an early college program," and arrived at college with "a 27-credit head start on her business administration degree (with a concentration in accounting)." == History ==

, NAF founder and chairman, photographed in 2007.In 1980, the first Academy of Finance opened in John Dewey High School in Brooklyn, New York, after the New York City Board of Education accepted Sanford I. Weill's proposal to address the disconnect between the need for skilled workforce talent and the lack of opportunity for young people in New York City by creating a public-private partnership in high schools that exposed young people to genuine career skills that traditional schools don't offer. In one high-profile example, it partnered with United Technologies in 2020, launching two $3 million engineering academies in high schools in Aguadilla, Puerto Rico. During the height of the pandemic in 2020, corporate partner Verizon created a virtual internship program to accommodate social distancing protocol for participants. == Outcomes ==

There have been significant reports and statistics on the outcome of students from NAF's Career Academies. Milton Chen, author of Education Nation and former executive director for the George Lucas Educational Foundation, sums up the most recent reports: • Graduates of NAF institutes earn on average of 11% more per year in the eight years after graduation than non-academy students. • More than 90% of NAF students graduate high school, even though academies are located in urban areas where the average high school graduation rate is 50%. • More than 50% of NAF's high school graduates earn bachelor's degrees in four years while the national average is only 32%. In 2002, the first set of Career Academies outside the U.S. were set up in the United Kingdom by Career Academies UK, affiliated with NAF. ==Academies==

• Academy of Engineering • Academy of Finance • Academy of Hospitality and Tourism • Academy of Information Technology • Academy of Health Sciences Academy of Finance The Academy of Finance (AOF) is an American educational program first established in 1982 by the NAF. It offers high school students an opportunity to study accounting, international trade, leadership, and the use of technology in preparing for college and the financial services industry. NAF was created by Phyllis Frankfort, the Director of the Academy of Finance, in 1989. In 1981, she designed a program for the New York City Department of Education and for Shearson Lehman Brothers chaired by Sanford I. Weill. Her proposal for the "Institute for the Study of Finance" recommended a program for public high school students. Weill gave $100,000 to develop the program through Lehman Brothers' foundation, headed by D. Topol, which was matched by the New York City Board of Education. Frankfort designed and implemented the program and the first Academy of Finance opened at John Dewey High School in Brooklyn in 1982 with 35 students and grew to more than two hundred in 1984. The program, which subsequently grew to be nationwide, was designed to introduce young people in New York City to potential careers in the financial services industry. ==See also==