President Barack Obama has appointed Davidson College President Carol E. Quillen as a member of the newly constituted President's Advisory Council on Financial Capability for Young Americans.
She was among 15 members named on Wednesday to the council. It will be chaired by John W. Rogers Jr., the Chair, CEO, and Chief Investment Officer of Ariel Investments. José Cisneros, the Treasurer of the City and County of San Francisco, will serve as vice-chair.
President Obama created the new President's Advisory Council on Financial Capability for Young Americans by signing Executive Order 13646 on June 25, 2013. The council is charged with advising the President and the Secretary of the Treasury on ways to promote financial capability among young Americans.
It will seek ways to encourage building the financial capability of young people at an early stage in schools, families, communities, and the workplace, and through use of technology.
The council will seek to identify ways to build public-private partnerships between various governmental agencies concerned with youth. It will support ongoing research and evaluation of financial education for young people, and determine and disseminate effective approaches. It will identify strategies to promote financial literacy in schools, test promising approaches to increase planning, saving and investing for retirement by young people, and promote the importance of planning for financial success.
The council will hold its first meeting on March 10.
Quillen was named President of Davidson in August 2011. Previously, she was Vice President for International and Interdisciplinary Initiatives at Rice University. Quillen also was a member of the Rice history faculty, director of its Boniuk Center for the Study and Advancement of Religious Tolerance, and Vice Provost for Academic Affairs. She earned a bachelor's degree from The University of Chicago and a doctorate degree from Princeton University.