Grant Thornton names its 20th Purple Paladin: Money Magnets Club
June 25 2024 - 10:00AM
Business Wire
Grant Thornton, one of America’s largest brands for audit,
assurance, tax, and advisory services, has named Money Magnets Club
to its Purple Paladin program. Through the program, Grant Thornton
helps emerging nonprofit organizations move from “start-up to
unstoppable” and provides funding, business advice and volunteer
support, while also helping nonprofits raise awareness of their
work and mission.
Money Magnets Club, which is Grant Thornton’s 20th Purple
Paladin, was established in 2022 and aims to empower elementary
school children and their families with essential financial
education and entrepreneurship skills. Recognizing the critical
role of financial literacy in breaking the cycle of poverty, the
organization focuses on underserved communities, particularly in
Charlotte, North Carolina. Since its inception, the program has
served over 600 children and families.
“Our goal is to not only teach kids the financial and
entrepreneurial skills that will help them build their own pathways
to success, but also for them to become comfortable with their
voice and confident in their potential,” said Alexandra Arrington,
co-founder and executive director of Money Magnets Club.
Arrington felt she missed out on starting her entrepreneur
ambitions earlier in her life because she didn’t learn the skills
her organization now teaches.
“I saw how much learning about finances and practicing
entrepreneurship transformed the way I approached work, the value
of time and money, and my financial stability later in life — and
how it can help those from low-income backgrounds create a new
future for themselves,” Arrington said. “All children deserve those
opportunities, and that starts with learning.”
The Money Magnets Club's flagship "Kidpreneur-in-training"
program consists of six sessions and equips children with money
management skills, budgeting techniques and entrepreneurial
insights. Participants explore their interests and transform them
into viable business ideas, fostering confidence and self-assurance
along the way.
Grant Thornton Advisors LLC CEO Seth Siegel recognizes the
transformative impact of the Money Magnets Club's initiatives.
“In our industry, we know how important it is to have financial
literacy skills at work and in life — and the earlier kids learn
those skills, the better,” said Siegel. “We're proud to support
Money Magnets Club’s efforts to bring developmentally appropriate
and culturally responsive financial education and entrepreneurship
programs to kids, helping build more stable futures for families
and communities.”
To learn more about Money Magnets Club, visit
https://www.moneymagnetsclub.org/.
Money Magnets Club joins 19 other 501(c)(3) nonprofits that
Grant Thornton previously selected as Purple Paladins. They
include:
- 51 Vets — helps special operations veterans transition from the
military to leadership roles in the private sector. To learn more,
visit 51vets.org.
- Alley-Oop Kids — advocates for sports equity by using “Lending
Lockers” to provide under-resourced schools and youth organizations
with sports equipment and gear. To learn more, visit
alleyoopkids.org.
- MBC Travelers — empowers survivors of metastatic breast cancer
by creating memorable travel experiences and connections. To learn
more, visit mbctravelers.com.
- I Got THIS Foundation — helps inspire young golfers and
educates the public on what’s possible for people with Down
syndrome and other intellectual disabilities. To learn more, visit
igotthis.foundation.
- Women in Training — dedicated to ending “period poverty”. To
learn more, visit womenintraining.org.
- Digs with Dignity — helps elevate the lives of those
transitioning from homelessness by furnishing their houses to
create a dignified home. To learn more, visit
digswithdignity.org.
- Fair Opportunity Project — offers high-quality college
counseling resources at no cost to aspiring students. To learn
more, visit fairopportunityproject.org.
- Free Mom Hugs — creates allies who support the LGBTQIA+
community through visibility, education and conversation. To learn
more, visit freemomhugs.org.
- WeaveTales — helps refugees of all kinds share their stories
via books, exhibits, films and other channels. To learn more, visit
weavetales.org.
- Warrior Reunion Foundation — reconnects combat veterans via
life-changing reunion experiences. All events are provided at no
cost to those who attend. To learn more, visit
warriorreunionfoundation.org.
- Go Team Therapy Dogs — produces well-trained therapy dogs and
places them at disaster sites, hospitals, and other places where
they can offer comfort and care. To learn more, visit
goteamdogs.org.
- Find Your Anchor — focused on suicide prevention. To help
people who are struggling to find hope, the organization creates
and distributes boxes of curated items known as “anchors.” To learn
more, visit findyouranchor.us.
- Foster Nation — helps former foster youth overcome the
challenges associated with ‘aging out’ of the foster-care system.
To learn more, visit fosternation.org.
- Hope in a Box — provides educators with literature, detailed
curriculums and coaching to improve classroom environments for
LGBTQIA+ students. To learn more, visit hopeinabox.org.
- Weird Enough Productions — develops free, interactive online
content designed to combat media misrepresentations of minority
communities. The organization is best known for its hallmark comic
book series, “The UnCommons.” To learn more, visit
weirdenough.com.
- Invisible Hands Deliver — taps more than 12,000 volunteers to
deliver groceries, prescriptions, and other necessities to people
vulnerable to COVID-19 and facing hunger insecurity — including the
elderly, disabled and immunocompromised. To learn more, visit
invisiblehandsdeliver.org.
- Pal Experiences — helps people with non-visible disabilities —
such as autism — have more inclusive experiences at museums,
entertainment venues, sporting events and more. To learn more,
visit palexperiences.org.
- Sneakers for Soldiers — provides properly-fitted athletic shoes
to deployed combat troops in all branches of the military. To learn
more, visit sneakersforsoldiers.org.
- Coming Up Rosies — provides “smile kits” to hospitals so
children — particularly those suffering from hair loss — can engage
in therapeutic art activities to create custom head scarves, neck
scarves and superhero capes based on their own unique designs. To
learn more, visit cominguprosies.com. Grant Thornton’s
Purple Paladins program derives its name from the word paladin, a
champion of a cause. Grant Thornton and its professionals have
donated more than $1 million to Purple Paladin nonprofits, and more
than 650 Grant Thornton professionals have volunteered their time
and skills to support the firm’s Purple Paladins. To learn more
about Purple Paladins, or to nominate a nonprofit for potential
support, visit Grant Thornton’s website:
www.grantthornton.com/PurplePaladins.
About Grant Thornton “Grant Thornton” is the brand for two
professional-services entities: Grant Thornton LLP, a licensed,
certified public accounting (CPA) firm that provides audit and
assurance services ― and Grant Thornton Advisors LLC (not a
licensed CPA firm), which exclusively provides non-attest
offerings, including tax and advisory services. With revenues of
$2.4 billion for the fiscal year that ended July 31, 2023, and
dozens of offices nationwide, Grant Thornton represents a community
of almost 10,000 problem solvers, relationship builders, and
industry specialists who know that how we serve matters as much as
what we do.
Grant Thornton LLP, Grant Thornton Advisors LLC and their
respective subsidiaries operate as an alternative practice
structure (APS). The APS conforms with applicable laws, regulations
and professional standards, including those from the American
Institute of Certified Public Accountants.
Grant Thornton LLP and Grant Thornton Advisors LLC serve as the
U.S. member firms of the Grant Thornton International Ltd (GTIL)
network. GTIL and its member firms are not a worldwide partnership
and all member firms are separate legal entities. Member firms
deliver all services; GTIL does not provide services to
clients.
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