Meet the New CME Group Foundation Scholars
Twenty-five college students are headed back to school soon with new scholarships from CME Group Foundation. Each selected student received up to $20,000 to further their studies in finance or technology – skills needed to take on the jobs of the future in global derivatives markets that CME Group operates.
While many scholarships are aimed at helping freshmen start college, the CME Group Foundation Scholars Program is targeted to ensure underrepresented minority sophomores, juniors and seniors can finish their four-year degree. Winners can reapply for up to three years of support.
We're dedicated to investing in students because they are crucial to our success and future economic well-being, said Kassie Davis of CME Group Foundation. "Our hope is that by offering scholarships to underrepresented students majoring in finance, computer science, math and other similar areas, they'll be well prepared for careers in our industry going forward."
In addition to the scholarship money, students also got to attend a day of education at CME Group to learn about the markets and career opportunities in the city's financial sector. The students say the scholarships have them excited about applying their skills toward a career in finance and also will provide them access to real-world experience.
Both the students and CME Group benefit when we do this, added Mo. "Students get the necessary funds to pursue their education in the finance and technology fields and then CME Group has a larger workforce to choose from in the future. Win-Win."
With this load off my shoulders, I can focus more on my studies, said scholarship recipient Anthony Banuelos, Sophomore at Illinois Institute of Technology. "I will work very hard to prove that I deserve this scholarship so I can renew it for the next three years."
In partnership with HR, the Diversity and Inclusion Council and Employee Network Groups boards were invited to volunteer to help recommend the scholarship winners. Twenty-two employee volunteers, representing every division of the company, took time out of their day to rate the scholarship finalists essays on "why I'm interested in a career in financial services."
Mo Guilfoile was one of those volunteers and was impressed by the students' desire to work in finance to improve their lives and communities. "Some students witnessed and appreciated their immigrant parents building a business here from the ground-up and they have a strong drive to understand and apply financial acumen to continue that growth."
SCHOLARSHIP RECIPIENTS

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CME Group Foundation is celebrating 10 years.
Loyola University Chicago
“CME Group Foundation brings a legacy of innovation and a commitment to leading-edge education for students.”
2007-2011
Center for Integrated Risk Management and Corporate Governance”
$1,000,000 over four years
2013
Volatility Forecasting in the Presence of Limits to Arbitrage
$20,000
2014–2018
CME Group Foundation Financial Services and Business Analytics Lab Quinlan School of Business
$1,000,000 over five years
Computer Science for All (CS4All)
The Fund
University of Illinois-Chicago
“These early math resources are playing a vital role in equipping early childhood educators with the skills and knowledge they need. The leaders of this grant are truly making an impact." – Alfred W. Tatum, PhD, Dean of College of Education
“The CME Foundation’s support has been instrumental in many key initiatives at UIC Business.” – Gib Bassett, Director of the International Center for Futures and Derivatives
“Students in the Honors College at the University of Illinois at Chicago are able to focus on their studies and leadership opportunities rather than the need to work long hours to pay for their education.” – Ralph Keen, Dean, Honors College
2006
International Futures and Options Center
$250,000
2009
International Center for Futures and Derivatives
$125,000
2013
Taxing Market Activity
$25,000
2017–2019
Math at Home: Math Matters
$300,000 over three years
2007–2009
International Center for Futures and Derivatives
$750,000
2010
International Center for Futures and Derivatives
$100,000
2014–2016
Development of online early math professional development site for home child care providers
$200,000 over three years
2018–2019
Elementary Math Specialist Pilot
$200,000 over two years
2008
International Center for Futures and Derivatives
$250,000
2011-2014
College of Business Administration’s Market Training Lab
$1,000,000 over four years
2016–2019
Scholarships and Emergency Need Funds for UIC Honors College
$1,000,000 over five years
Big Shoulders Fund
“For nearly a decade…the generous investment of CME Group Foundation has created invaluable opportunities for teachers to deepen their knowledge of how children experience and understand the world around them through mathematics.” – Rebecca Lindsay-Ryan, Senior Director, Academic Programs and External Affairs
2008–2009
Patrons Program
$300,000 over two years
2017–2019
Deepening Capacity Within Early Math Collaborative
$300,000 over three years
2010–2012
Early Childhood Math Intervention Program
$750,000 over three years
2014–2015
MIND Research Institute’s ST Math Program
$1,000,000 over two years
Chicago Public Schools
"CME Group Foundation is helping accelerate the record-setting academic progress Chicago schools have made." – Dr. Janice K. Jackson, CEO
2008
Social Studies Blueprint Project
$100,000
2011
Career and Technical Education Initiatives
$50,000
2014–2019
expansion of Computer Science 4 All (CS4All)
$1,000,000 over five years
2009
Financial Literacy/Economics Education Initiative
$125,000
2013
Common Core math training materials (in partnership with Erikson Institute)
$148,000
2017–2019
Chicago P-12 Math Collaborative Expansion Project
$300,000 over three years
2010
Yes You Can!
$45,000
2014
Starter League professional development in coding
$25,000
Erikson Institute
“We are very grateful for this sustaining and invigorating relationship.” – Geoff Nagle, President and CEO
2007–09
Early childhood teacher development for teaching math at CPS
$500,000 over two years
2009
Early Mathematics Education Project
$125,000
2014–2016
Early Math Collaborative partnership with Chicago Public Schools
$250,000 over two years
2010–2014
Early Mathematics Education Project
$1,000,000 over four years
2017
1st Biennial National Conference on PreK-3 Math
$50,000
2013
Common Core math training materials (in partnership with Chicago Public Schools)
$148,000
2017–2019
Mathematics All Around Me (with Ounce of Prevention Fund)
$300,000 over three years
Ounce of Prevention Fund
“We applaud the Foundation for investing in the issue of early math and for regularly convening its grantees to share best practices and create collective impact across communities to advance kindergarten readiness and long-term school success.” – Diana Rauner, President, Ounce of Prevention Fund
2006–2010
Education Center and services for infants and toddlers
$1,000,000 over four years
2014–2016
Early Math Initiative
$275,000 over two years
2010–2014
Early Math Initiative
$1,000,000 over four years
2017–2019
Mathematics All Around Me (with Erikson Institute)
$300,000 over three years
2011
general operations
$5,000