Jump$tart Partners with 100 Black Men of Greater Baton Rouge
2013 Dollars & $ense Investment Challenge
The 100 Black Men of Metro Baton Rouge hosted its 2013 Dollars and $ense Investment Challenge at the Southern University Agricultural Research and Extension Center.
For eight weeks, over 20 high school students have engaged in financial literacy classes covering the basics of saving, budgeting, credit, stock and mutual fund selection and asset allocation, while also constructing a $2,500 investment portfolio. The program also included four weeks of classes targeting parents of the students and covering a wide range of essential financial literacy topics.
Program sponsors were State Farm Insurance, Credit Bureau of Baton Rouge Foundation, Louisiana Education Loan Authority, Louisiana Jump Start Coalition for Personal Financial Literacy, Junior Achievement of Greater Baton Rouge and Southern University College of Business.
“The 100 views financial literacy education as a critical vehicle to narrow the wealth gap that exists in Baton Rouge and across America. Such knowledge promotes economic development, stronger families and more prosperous and optimistic futures for our youth, who now understand how they may participate in the wealth creation that occurs via disciplined saving and investing over time,” stated Lorin Crenshaw, Program Director, Financial Literacy.
“We are delighted to award a $1,000 scholarship to the winner of the Dollars & $ense financial literacy essay contest for the third consecutive year,” said Tricia DuBroc, Vice President of Student Loans & Administration at the Louisiana Education Loan Authority. “We were also excited to facilitate one of the adult modules covering financial aid and college planning. The program will undoubtedly pay dividends in the lives of the students and parents for years to come.”
“Our diverse, statewide coalition of partners is dedicated to improving the financial capability of individuals by providing advocacy and access to financial education programs and resources”, said Debbie Lapeyrouse, State Coordinator and COO, Louisiana Jump Start Coalition for Personal Financial Literacy. “We were delighted to provide facilitators for the full range of adult sessions in support of this worthwhile effort.”
Each Dollars & Sense student will receive $100 toward the purchase of their first stock or mutual fund upon opening a ShareBuilder® investment account. The top two finalists will compete nationally at the 100’s 2013 National Conference in New Orleans, LA in June, while one essay contest participant will win a $1,000 scholarship sponsored by the Louisiana Education Loan Authority.
The mission of One Hundred Black Men of Metropolitan Baton Rouge, Ltd. is to give substance to a shared vision which fosters and develops model programs that build community by enhancing the lives of our African-American youth.
Jump$tart Coalition for Personal Financial Literacy