Robert F. Smith and Goalsetter Launch “One Stock. One Future.”- A Movement to Create One Million Black and Latinx Youth Shareholders and Investors Nationwide

Leading Fortune 1000 companies together with Comcast NBCUniversal and Twitter be a part of the motion to train America’s youth how to make investments and construct generational wealth.Published: Oct. 27, 2021 at 5:00 AM CDT|Updated: 47 minutes agoNEW YORK, Oct. 27, 2021 /PRNewswire/ — Today, Robert F. Smith and Goalsetter introduced “One Stock. One Future.” – a name to motion for organizations and companies to create the subsequent era of financially free Black and Latinx Americans. The initiative might be powered by way of Goalsetter’s household funding platform designed to get each child in America investing and on the trail in direction of monetary freedom.Goalsetter (PRNewsfoto/Goalsetter)From in the present day ahead, they are going to now not solely be customers who make each firm in America rich by what they spendThe program was kicked off this month by Vista Equity Partners Founder, Chairman and CEO and philanthropist Robert F. Smith gifting 5 shares of inventory – equal to almost 15,000 whole shares – to every of the two,900 college students, educators and employees members on the Eagle Academies for Young Men, a community of public, all-boys colleges serving younger males of colour in New York City and Newark, N.J.”In partnership with companies throughout the nation, we’re making a turning level for America’s Black and Latinx children. From in the present day ahead, they are going to now not solely be customers who make each firm in America rich by what they spend. Through this initiative, we’re making a era of buyers and homeowners who can pave their manner to wealth by proudly owning a bit of the businesses that make the American financial system nice. They, too, can study to be contributors in our flourishing financial system, not simply bystanders, and the businesses they love may help them get there,” mentioned Robert F. Smith.Robert F. Smith’s present served because the catalyst for the creation of the bigger “One Stock. One Future.” motion to flip a million Black and Latinx children into shareholders. The objective of the initiative is to assist bridge the wealth hole affecting communities of colour by introducing investments and monetary schooling as vital parts to constructing broader and generational wealth.”We are each energized and humbled by the management of Robert F. Smith and different enterprise and neighborhood leaders who’re on the forefront of this effort to change the paradigm for the subsequent era of Black and Latinx children in our nation. I really imagine that collectively we’ll rewrite the course of historical past for all communities which have been marginalized due to their lack of entry to monetary schooling and funding instruments that uniquely interact them,” mentioned Goalsetter CEO Tanya Van Court.As a part of the trouble to attain a million Black and Latinx youth, Robert F. Smith and Goalsetter are calling on Fortune 1000 corporations and CEOs to take the “One Stock. One Future.” problem by donating a minimal of 1,000 shares (or the money equal) to be distributed to Black and Latinx children throughout America. To date, main know-how, banking, and Fortune 1000 corporations and executives have already dedicated to main the best way on this initiative by donating 1,000 shares every, together with Adtalem Global Education, Citizens Financial Group, Comcast NBCUniversal, Delta Air Lines, Fiserv, HP, Lyft, Twitter, and UBS.”Building long-term monetary stability stays an uphill battle for much too many, and it is an issue pushed by systemic inequity and lack of entry to capital,” mentioned Dalila Wilson-Scott, Executive Vice President and Chief Diversity Officer of Comcast Corporation. “Today, we start to change that actuality by placing actual instruments into the palms of people, serving to them to construct stronger monetary futures. We’re honored to associate with Goalsetter to spend money on revolutionary packages like this one that can drive new, lasting fairness in monetary alternative and generational affect for many years to come.””This revolutionary partnership addresses an necessary and often-overlooked want by establishing younger Black and Latinx Americans as direct homeowners and buyers in our nation’s wealth, and serving to equip them with the instruments to take part in our nation’s financial system all through their lifetimes,” mentioned Delta Air Lines’ CEO Ed Bastian. “It’s an honor for Delta to be a part of this initiative, which is able to profit numerous younger folks in addition to our communities nationwide.”The name to companies to take part might be bolstered by The Executive Leadership Council (ELC), the preeminent international membership group for Black present and former CEOs, senior executives, and board members of Fortune 1000 and equal corporations, top-tier entrepreneurs, and international thought leaders.Together with Goalsetter, The ELC is difficult each their members and their members’ companies to donate shares in assist of the motion. Additionally, The ELC is immediately contributing $100,000 to the “One Stock. One Future.” initiative to sponsor children with each inventory and Goalsetter accounts, which is able to embody 52 weeks of monetary schooling every year for 5 years.Goalsetter, the primary Black female-owned saving and investing platform for the entire household, would be the platform used to host the shares of inventory however may even present each child who receives inventory with game-based, culturally related monetary schooling, rooted in memes and gifs from widespread tradition.Corporate shares donated to the “One Stock. One Future.” program might be distributed to youth by way of present and future associate organizations, together with Alpha Phi Alpha Fraternity Inc. and the NAACP, to recognized youth organizations resembling Black Girls Code, BUILD, Boys & Girls Club, Coded by Kids, Genesys Works, Girls Inc. of Alameda County, Phalen Leadership Academies, Philadelphia Youth Network, Saint Augustine High School, 100 Black Men of Chicago, Inc., and others.Founded in 2016 by former Nickelodeon and Discovery Education government Tanya Van Court, Goalsetter was designed to put monetary schooling, saving, and investing within the palms of America’s youth by way of age-appropriate and culturally related supplies and instruments. By serving to younger folks change into buyers and savers quite than simply customers, the “One Stock. One Future.” initiative goals to break the curse of 2053, a research that implies that Black and Latinx communities are on observe to have zero web price within the subsequent 30 years.HOW THE PROGRAM WILL WORKParticipating companies and people might be ready to contribute inventory or money for the “One Stock. One Future.” initiative by way of the Goalsetter Foundation, Goalsetter’s non-profit arm.The Goalsetter funding function will permit taking part mother and father to open custodial brokerage accounts of their kid’s identify to maintain firm inventory.Management of the inventory donation might be overseen by the Goalsetter Foundation, and youth teams in want might be recognized by the Goalsetter Foundation by way of their affiliate networks and companions.Stocks might be distributed to youth custodial brokerage accounts by way of Goalsetter’s funding function. Priority might be given to sign-ups by way of “One Stock. One Future.” company associate organizations.As a part of this system, youth can have entry to Goalsetter monetary schooling instruments by way of the Goalsetter app which is able to present them with culturally related and age-appropriate instruments for studying about saving, funding, and possession.Schools, non-profits, and different youth-focused organizations who want to be designated to obtain shares can contact the Goalsetter Foundation at [email protected] to get extra details about signing up.Find out extra about this motion and how to take part at GoalsetterFounded in 2016 by Tanya Van Court, a former Nickelodeon and ESPN government, Goalsetter is a household saving, investing, monetary schooling, and sensible spending app that makes it straightforward for the entire household to go cashless whereas instructing them how to be cash sensible. Goalsetter’s sensible cash platform for households supplies customers with an FDIC-Insured Savings Account; an funding platform powered by Goalsetter Advisors, LLC (an SEC registered funding advisor); the Mastercard Cashola Teen and Tween Debit Card with parental controls, Game-based monetary schooling quizzes; the “Learn earlier than you Burn” parental management function on the debit card and the “Learn to Earn” monetary reward program; in addition to the most recent cybersecurity options to shield person privateness. For extra about Goalsetter go to authentic content material to obtain multimedia:SOURCE Goalsetter

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