Coppin State University has received a $50,000 gift from financial services organization Northwestern Mutual to aid the launch of Coppin’s Insurance Learning Laboratory.
The gift will also go towards career readiness, academic, and community outreach initiatives supported by the Coppin’s College of Business.
Northwestern Mutual presented the gift to Coppin during the latest installment of the school’s Summer Concert Series, which was held this past Thursday, July 28.
Along with the gift, Coppin and Northwestern Mutual will be holding “lunch-and-learn” sessions, where Coppin students will have the chance to network and receive advice from current Northwestern Mutual employees.
“This degree of financial support, mentoring, and academic application will prepare our students for careers in the wealth management industry and teach them the necessary wealth-building tools needed to provide support and stability to families for generations to come,” said Joshua E. Humbert, vice president for institutional advancement at Coppin State, in a statement.
Elements from Northwestern Mutual’s programming will be integrated into a new insurance course provided by Coppin’s College of Business. Students will have the chance to learn about insurance, financial planning, economics, and decision-making through the collaborative coursework.
Students will also be able to compete in pitch competitions to develop business skills.
Students and faculty from Coppin State will be chosen to attend the Certified Financial Planning Conference.
The gift was announced just a year after Coppin State’s College of Business began rolling out plans for a new Workforce Preparation program. Announced in early 2021, the Workforce Preparation program aids students in career planning, skill development, and learning workforce expectations.
Once students decide their chosen career path, they are expected to develop a workforce readiness plan for each year of study while taking coursework that “will help students explore careers, develop skills required, identify additional courses needed, determine expected job demands, salaries and projected job openings in geographic locations that students desire to live,” according to Coppin’s website.
Ali Solonche, director of internship development for Northwestern Mutual, hopes Northwestern Mutual partnership and gift will help Coppin cultivate a cohort of diverse, well-informed, skilled workers.
“Through these exciting partnerships, we aim to expose the next generation to the increasingly diverse and growing financial services industry,” Solonche said in a statement. “This partnership can ultimately serve as a catalyst for better financial security for the future generations in Baltimore, throughout Maryland, and across the country.”