The philanthropic arm of KeyBank has donated $48,500 to Junior Achievement of Utah.

The donation from the KeyBank Foundation will fund “whole school” sponsorships for Bonneville, McMillan and Wasatch elementary schools in Sugar House, Murray and Provo for the current academic year.

Whole school sponsorships support Junior Achievement financial literacy programs.

Another portion of the donation was earmarked for Junior Achievement programs during the 2012-2013 academic year.

In addition to the donation, KeyBank employees will teach financial education classes at the schools.

Junior Achievement programs reached more than 70,000 Utah students last year.

The Salt Lake Tribune