ATLANTA, November 19, 2021 / PRNewswire / – Today, Operation HOPE announced that it has been selected by the City of Atlanta as a non-profit partner to manage the new children’s savings account program for thousands of qualified kindergarten students from Atlanta Public Schools (APS). The program helps advance the mission of Operation HOPE and at the heart of the Financial Literacy for All (FL4A) movement, which seeks to integrate financial literacy into all aspects of American life, especially among underserved communities. .
Operation HOPE Selected by City of Atlanta launch the children’s savings account program for all eligible kindergarten students.
In an effort to increase children’s financial literacy and their prospects for higher education, this new program will give students from low-income Atlanta households who are just starting their schooling a head start. to build a healthy university fund by making a first $ 50 deposit into an education savings account. The account has the potential to grow through additional deposits throughout the child’s school career. Worn by the mayor Keisha Lance-Bas, and approved by Atlanta City Council, the city will donate $ 2 million to Operation HOPE to facilitate the initiative.
With guidance and support from financial education programs, including Operation HOPE’s student-focused program Building on our future, the accounts will be managed by the student and the parent over time. In addition to the initial deposit, families will benefit from free personalized financial well-being support from the Operation HOPE team of experts. Each account has the potential to grow with additional deposits throughout a child’s school journey.
“Thanks to this innovative partnership with the City of Atlanta and mayor Keisha Lance-Bas, we are planting the financial literacy flag for every child in Atlanta Public schools, ”said Operation HOPE Founder, President and CEO John hope bryant. “If you ever wanted to know how to transform entire communities, we can start by ‘delivering the memo’ about how the free enterprise system works to our children. The ultimate goal is to create sustainable generational wealth that changes lives. Operation HOPE is proud and honored to have put together such a revolutionary initiative. “
“The children’s savings account program is an investment in our children, their families and the future of our city,” said the mayor Stockings Keisha Lance. “I made this commitment during my campaign and I am grateful to have delivered it to families through Atlanta. By creating long-term preschool savings accounts, our administration is helping to support the trajectory of students who need financial support the most to pursue their dreams of higher education.
For nearly 30 years, Operation HOPE has been at the forefront of transformational change in financial literacy and the empowerment of underserved people. In 2009, Operation HOPE was responsible for financial literacy becoming official federal policy under the former president George W. Bush. In the early stages of the global pandemic and national unrest, HOPE President Bryant released the new Marshall Plan, which influenced and inspired government leaders from local municipalities to the highest positions in the federal government.
“Initiatives like these help children in our city take a step in the right direction financially, enable them to make quality choices for their future when the time comes, and allow them to have hands-on learning with their financial education. Bryant added. “We look forward to seeing long term results and encourage other cities across the country to follow suit. that of Atlanta lead by giving our children a path to financial success. “
The launch of the program also coincides with World Children’s Day, which celebrates the well-being of children around the world. Celebrated annually on November 20, World Children’s Day commemorates the adoption in 1959 of the Declaration of the Rights of the Child by the United Nations General Assembly.
About Operation HOPE, Inc.
Since 1992, Operation HOPE has transformed America from civil rights to “money rights” with the mission of ensuring that free enterprise and capitalism benefit the underserved, thereby disrupting the poverty of millions of people. low and moderate income youth and adults across the country. Through its community improvement model, HOPE Inside, which received the 2016 Innovator of the Year award from American Banker magazine, Operation HOPE has served over 4 million people and led over $ 3.2 billion in economic activity into disenfranchised communities – turning check-cashing customers into bank customers, tenants into landlords, small business dreamers into small business owners, minimum wage workers into living wage consumers and victims of uncertain disasters into financially self-sufficient disaster survivors. For more information: www.OperationHOPE.org. Follow the HOPE conversation on Twitter, Facebook and Instagram.
Kevin Boucher, head of advocacy
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