Boys & Girls Clubs of America & Charles Schwab Foundation Name Arianna Akinwunmi National “Money Matters” Ambassador for ...
April 19 2018 - 11:00AM
Business Wire
Texas Boys & Girls Clubs teen receives
$5,000 scholarship and 10 additional teens receive $2,500
scholarships for demonstrating exceptional financial literacy
skills and leadership
In honor of Financial Literacy Month in April, Boys & Girls
Clubs of America and Charles Schwab Foundation selected teen
Arianna Akinwunmi from Frisco, Texas to serve as the 2018 National
Ambassador for the Money Matters financial education program
and receive a $5,000 scholarship. Now in its 14th year, the Money
Matters program teaches the basics of personal finance and the
importance of an early start to financial responsibility.
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Arianna Akinwunmi of Frisco, Texas, is
the 2018 National “Money Matters” Ambassador (Photo: Business
Wire)
One in five (22 percent) U.S. teens lack basic financial
literacy skills, and the U.S. ranks seventh out of 15 participating
countries in the evaluation of 15-year-olds’ ability to understand
essential financial concepts, according to the Program for
International Student Assessment. As the National Money Matters
Ambassador, Akinwunmi will advocate for early financial literacy in
an effort to help teens across the country expand their knowledge
of money management.
Since the program’s inception in 2004, more than 850,000 Boys
& Girls Club teens have completed Money Matters in more than
1,700 Clubs. The program aims to help young people achieve
financial independence and well-being. Through the program, Charles
Schwab Foundation has presented more than $550,000 in college
scholarship grants to Boys & Girls Club teens who excelled in
the program and demonstrated newly acquired personal finance
skills.
Akinwunmi, now a high school senior, first became interested in
the Money Matters program in fourth grade and completed the course
at her Club during her eighth grade year. Since then, she has
shared her newfound financial knowledge with other youth at Boys
& Girls Clubs of Collin County and throughout the Frisco, Texas
community.
“The financial education program helped me prioritize my needs
and wants so I can achieve my goal of earning a college degree with
minimal student loan debt,” Akinwunmi said. “I now have confidence
that I am in charge of my financial destiny, not my parents or
corporations, and that achieving financial freedom at a young age
is possible.”
With a current 4.0 GPA, Akinwunmi plans to major in finance at
the University of Texas at San Antonio. Upon graduation, she hopes
to start her own business with a focus on community service.
Eventually, Akinwunmi plans to offer entrepreneurship classes to
young people so they too can earn the financial freedom to follow
their dreams.
“The National Ambassador program is so valuable because it
celebrates the difference that financial education can make in
someone’s life,” said Carrie Schwab-Pomerantz, president and board
chair of Charles Schwab Foundation. ”It also celebrates the power
of peer-to-peer influence, which is so crucial in helping young
people learn the importance of lifelong engagement with their
finances.”
In addition to Akinwunmi, 10 other Boys & Girls Club teens
will receive $2,500 scholarships for their outstanding personal
finance leadership skills.
“The Money Matters program teaches Boys & Girls Club teens
like Arianna how to responsibly handle their finances and take
steps towards a financially fit future,” said Jim Clark, president
and CEO of Boys & Girls Clubs of America. “After participating
in the program, our Club members have the knowledge and confidence
they need to establish healthy financial habits. We’re so proud to
recognize Arianna and are grateful to have an expert partner in
Charles Schwab Foundation to help our young people achieve
important financial milestones, from opening up their first bank
account to applying for college scholarships.”
2018 $2,500 Scholarship Winners:
- Arturo Corona, Boys & Girls Clubs
of Carson (Carson, CA)
- Ellen Lao, Boys & Girls Clubs of
San Francisco (San Francisco, CA)
- Enoch Dumas, Boys & Girls Clubs of
Metro Atlanta (Atlanta, GA)
- Everardo Guizar-Valencia, Boys &
Girls Clubs of San Francisco (San Francisco, CA)
- Irene Dominque, Boys & Girls Clubs
of Central Florida (Orlando, FL)
- Jannely Nunez, Boys & Girls Clubs
of Carson (Carson, CA)
- Joey Tran, Boys & Girls Clubs of
San Francisco (San Francisco, CA)
- Kimberly Garcia, Boys & Girls Clubs
of Carson (Carson, CA)
- Lyric Carter-Perry, Boys & Girls
Clubs of Milwaukee (Milwaukee, WI)
- Maria Reyes, Boys & Girls Clubs of
El Paso (El Paso, TX)
Follow Carrie Schwab-Pomerantz at twitter.com/CarrieSchwab and
www.linkedin.com/in/carrieschwabpomerantz/.
About Boys & Girls Clubs of America
For more than 150 years, Boys & Girls Clubs of America
(BGCA.org) has enabled young people most in need to achieve great
futures as productive, caring, responsible citizens. Today, more
than 4,300 Clubs serve nearly 4 million young people through Club
membership and community outreach. Clubs are located in cities,
towns, public housing and on Native lands throughout the country,
and serve military families in BGCA-affiliated Youth Centers on
U.S. military installations worldwide. They provide a safe place,
caring adult mentors, fun and friendship, and high-impact youth
development programs on a daily basis during critical non-school
hours. Club programs promote academic success, good character and
citizenship, and healthy lifestyles. In a Harris Survey of alumni,
54 percent said the Club saved their lives. National headquarters
are located in Atlanta. Learn more
at Facebook and Twitter.
About Charles Schwab Foundation
Charles Schwab Foundation is a private, nonprofit organization
funded by The Charles Schwab Corporation. Its mission is to create
positive change through financial education, philanthropy, and
volunteerism. More information is available
at www.aboutschwab.com/community. Charles Schwab Foundation is
classified by the IRS as a charity under section 501(c)(3) of the
Internal Revenue Code. The Foundation is neither a part of Charles
Schwab & Co., Inc. (member SIPC) nor its parent company, The
Charles Schwab Corporation. Charles Schwab Foundation and Boys
& Girls Clubs of America are unaffiliated entities.
(0418-8L2T)
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Charles Schwab & Co., Inc.Stephanie Corns,
602-355-0090stephanie.corns@schwab.comorBoys & Girls Clubs of
AmericaAshley Keyes, 404-487-5466akeyes@bgca.org
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