Academy of Finance

The Academy of Finance (AOF) was first established in 1982 by the National Academy Foundation. The Academy of Finance is one of the four member programs sponsored by the National Academy Foundation (AOF, AOIT, AOHT, AOE). It is a small learning community that 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. It also allows students to earn college credit while still in secondary education. The program is offered in more than 260 secondary education institutions nationwide.

The National Academy Foundation was the vision of P. Frankfort, the Director of the Academy of Finance that she established 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's gave $100,000 to develop the program through the firm's foundation, headed by D. Topol. This was matched by the New York City Board of Education. Frankfort designed and implemented the program and the he first Academy of Finance opened at John Dewey High School in Brooklyn in 1982 with 35 students. The program was designed to introduce young people in New York City to potential careers in the financial services industry.

Weill explained in his testimony before the House Ways and Means Committee: "You saw young people playing in the street, young people without having a clue of what life was about, and how they can become part of the system. That was the beginning of the idea that maybe the private sector should get together with the public sector and see if we can create a high-school level program that can expose young people for a career in the financial services industry."

Schools offering the program
    Northern High School (Owings, Maryland)
    Huntingtown High School (Huntingtown, Maryland)
    Calvert High School (Prince Frederick, Maryland)
    Patuxent High School (Lusby, Maryland)
    Phillip and Sala Burton Academic High School in San Francisco, CA
    Coral Glades High School in Coral Springs, Florida
    Sanderson High School in Raleigh, NC
    Northwestern High School in Hyattsville, Maryland
    Douglas Byrd High School in Fayetteville, North Carolina
    Paint Branch High School
    Dunwoody High School
    Coral Gables Senior High School in Coral Gables, Fl
    Fort Lee High School in Fort Lee, NJ
    Franklin High School in Seattle, Washington
    Independence High School
    Business Careers High School
    Walter M. Williams High School
    Buchholz High School
    West Seneca East High School
    Northeast High School
    Center Grove High School
    Greenfield High School
    Columbus East High School
    Hamilton Southeastern High School
    Northwest High School
    North Rockland High School
    North Tonawanda High School
    Perry Meridian High School
    Pike High School
    Spruce Creek High School
    Paul Robeson High School
    Southport High School
    Flanagan High School
    John Dewey High School
    East Davidson High School
    James Madison High School (New York)
    Northport High School in Northport, Long Island
    Westport High School
    William R. Boone High School
    Overlea High School
    New Hyde Park Memorial High School
    Waipahu High School
    Lancaster High School (New York)
    Omaha Bryan High School
    Orchard Park High School
    Charles Herbert Flowers High School
    Lansdowne High School
    Oak Grove High School (San Jose, California)
    Highland School of Technology
    Brandon High School Brandon High School
    Bishop Ward High School
    Tottenville High School on Staten Island, NY
    Amos P. Godby High School (Tallahassee)
    T.C. Willams High School
    Fort Hamilton HS (Brooklyn NYC)
    Middletown High School in Middletown, New York
    Carroll High School in Fort Wayne, Indiana
    John Dewey High School (Brooklyn, New York)
    Gloucester High School (Virginia)
    Jamaica High School (New York City)