Springside Chestnut Hill Academy Receives Grant From NASDAQ OMX Educational Foundation

Springside Chestnut Hill Academy Receives Grant From NASDAQ OMX Educational

    School's Center for Entrepreneurial Leadership Recognized by Fund for
                       Innovative Educational Programs

 First Time Foundation has Given Grant to an Independent College Preparatory

PHILADELPHIA, March 4, 2013 (GLOBE NEWSWIRE) -- Springside Chestnut Hill
Academy the independent Pre-K - 12 school in Northwest Philadelphia, today
announced that it has received a single-year grant from The NASDAQ OMX
Educational Foundation for the school's Center for Entrepreneurial Leadership
(CEL). The CEL program, launched in September, offers a bold and collaborative
academic experience preparing students to become innovative leaders,
breakthrough thinkers, and imaginative problem solvers. Springside Chestnut
Hill Academy is the only independent school in the Philadelphia area offering
a curriculum rooted in the study of entrepreneurial learning.

CEL has received praise from the National Association of Independent Schools
and faculty at the University of Pennsylvania Wharton School. CEL was
conceived and launched by SCH Academy President Dr. Priscilla Sands and SCH
Academy Board Chairman and CEO of Urban Outfitters Richard Hayne following
years of study with leaders in higher education and business. Its curriculum
is designed to give students real-life skills preparing them for the world
beyond secondary education. The program is presented through seven "strands"
of curricular study: The Art of Communication, Engineering and New Media,
Entrepreneurship, Ethics, Global Immersion, Leadership and Statistics. The
strands are woven through the existing rigorous core curriculum and are
incorporated through age appropriate study from Pre-K - 12.

"As educators it is our responsibility to teach and expose students to a
curriculum that challenges passive academic thinking. Our children are
developing a mindset that embraces the idea of entrepreneurism throughout the
many aspects of the world in which they live," said Dr. Sands.

"We are thrilled and honored to partner with and have the support of the
NASDAQ OMX Educational Foundation as they are pioneers in forward thinking

The mission of The NASDAQ OMX Educational Foundation is to promote learning
about capital formation, financial markets and entrepreneurship through
innovative educational programs. It was established in New York City in 1994
and is supported entirely by contributions from The NASDAQ OMX Group, Inc.

"As a corporate citizen, NASDAQ OMX supports young entrepreneurs who will
someday become the visionaries that help drive our economy," said Joan Conley,
Senior Vice President and Corporate Secretary at The NASDAQ OMX Group.

"Springside Chestnut Hill Academy will prepare innovative thinkers through its
secondary school Center for Entrepreneurial Leadership. We're thrilled to
partner with these students who will become our business leaders across the

Other academic institutions that NASDAQ OMX Educational Foundation has
supported include Columbia University, Stanford Law School, and University of
Pennsylvania Wharton School.

Visit our website for more information on SCH Academy and CEL and the NASDAQ
OMX Educational Foundation.

CONTACT: Kate Disston Noel
         Springside Chestnut Hill Academy
         Director of External Affairs
         Robert Madden
         The NASDAQ OMX Group, Inc.
         Director, Corporate Communications
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