Wednesday, December 22, 2010
L to R: Warren Woodberry of Woodberry & Associates; James Newkirk, Associate Financial Advisor for Ameriprise Financial; Bryan Barnett, Financial Consultant for AXA Advisors; Phillip Andrews, President, 100 Black Men of LI; Shakira Stewart, CEO of Optimum Payment Solutions; Charles Fisher, HHSYC; James Heyliger of the Association for Minority Enterprises NY; George A. Jones; 100 Black Men of LI; Randy Fisher, HHSYC—Photos by Larry Moore
Financial Literacy in Schools
In Recognition of National Philanthropy Day on November 15, the Hip-Hop Summit Youth Council’s Hip-Hop Economic Empowerment Program, the International Association of Financial, Sport, and Celebrity Advisors and Money XLive Launched a 10-City Financial Literacy Pilot Program at Hempstead High School in Hempstead, New York
The Long-Term Goal of the Initiative is to Place Approximately 27,000 Financial Advisors in the Nation’s Schools Over the Next Three Years to Teach Financial Literacy to Young People
New York, NY - In the spirit of National Philanthropy Day on November 15, the Hip-Hop Summit Youth Council, the International Association of Financial, Sport, and Celebrity Advisors (IAFSCA), and Money XLive launched an aggressive pilot program, with the goal of teaching financial literacy to high school students. The 10-city Hip-Hop Economic Empowerment Program (HEEP) began at Hempstead High School in Hempstead, NY and will be held in various cities through March 2011.
In April 2011, which is National Financial Literacy Month, the program will be officially rolled out to high schools throughout the country with the goal of placing approximately 27,000 financial advisors in the nation’s schools over the next three years. The project will support President Obama’s goal to improve financial literacy in America’s schools, and Wall Street’s mission to improve communities throughout the country.
“Celebrating National Philanthropy Day by launching HEEP at Hempstead High School with IAFSCA, Money XLive, and a host of great speakers was the beginning of our three-year plan to bring financial literacy to the nation’s public schools,” said Charles Fisher, Founder and Chairman of the Hip-Hop Summit Youth Council. “Providing students with a sound financial education will improve graduation rates, and will provide participants with the skills and resources needed to properly manage their business and personal affairs.”
The event on November 15 fulfilled a promise made by the IAFSCA on September 22, 2010 at the Museum of American Finance. The promise was to recognize the importance of National Philanthropy Day by holding a financial literacy event in a school, and kicking off the long-term program. Speakers at the November 15 kickoff event were Phil Andrews, Long Island Chapter President of 100 Black Men; Bryan Barnett, Financial Consultant, AXA Advisors and IAFSCA Founding Member; James Heyliger, President, AMENY (Association of Minority Enterprises of NY); Retired Brigadier General George Jones; James Newkirk, Financial Advisor, Ameriprise Financial; Shakira Stewart; CEO of Optimum Payment Solutions; and Warren Woodbury Jr., President/CEO of Woodbury & Associates.
“Charles and Randy Fisher of the Hip-Hop Summit Youth Council put a stake in the ground when they sponsored the financial literacy event on November 15 at Hempstead High School,” said Bryan Barnett, Financial Consultant, AXA Advisors. “We kicked off a program that addresses a very important issue, and that is, do the nation’s kids have what it takes to become financially responsible young people, who in turn will grow to be financially responsible adults? The kids were introduced to financial advisors, entrepreneurs, community leaders and philanthropists who are committed to their success, and our goal is to make sure that we provide them with all of the information, resources, and motivation that they need.”
Financial Literacy in Schools
The partners in this imitative are reaching out to business leaders, philanthropists, and celebrities to join the financial advisors in the program. The goal is to make the program fun, entertaining, and educational for the students. It’s important that they enjoy themselves but is also necessary that they retain financial information and have resources they can call upon to receive additional information they need.
“I’m excited about launching this program, which started at the American Museum of Finance on Wall Street, the heart and soul of the world’s financial industry,” stated Randy Fisher, Executive Director of the Hip-Hop Summit Youth Council. “Students will receive a host of perks when they join our program, and they will have an opportunity to work with celebrities and executives that will reinforce our message. It’s an honor to work with a group of professionals that are committed to improve the financial well-being of our nation’s public school students, and I look forward to the task ahead.”
About the Hip-Hop Summit Youth Council:
The HHSYC was founded by its Charles Fisher in July of 2001. The organization was created to help implement the commitments, guidelines and policies made by record companies, artists, community leaders and elected officials at the 2001 Hip-Hop Summit which was held in New York City. After attending the historic event, Fisher felt a need to establish an advocacy group that would work towards meeting Hip-Hop's most important challenges, which are to improve the image and unity within the Hip-Hop culture; show participants how to constructively use their time, talent and the Hip-Hop culture to improve social, political and economic conditions in their school, home and community. Randy Fisher is the organization’s Executive Director. For additional information, visit www.hhsyc.org.
About the International Association of Financial, Sport, and Celebrity Advisors:
Headquartered in Washington, DC, the IAFSCA is a cross-section of professional coaches and business advisers who serve, or have a commitment to serving professional athletes and athletic associations, celebrities and celebrity communities, financial advisers, executives and related industry groups. These professional include lawyers, CPAs, entertainment agents, marketing & PR professionals, business consultants, accountability coaches, book agents, and publishers. The mission of the IAFSCA is to bring a high-level of financial literacy across a broad cross-section of the global economy by raising a generation of international, financial role-models. Additionally, the IAFSCA will create a supportive environment where talent, financing and intellectual capital can be networked in a way that provides funding for projects that support the greater good.
About Money XLive:
Money XLive, founded by Vince Shorb and Chad Penry, is produced by the National Youth Financial Educators Council. Money XLive is one of the nation’s largest full production financial literacy events that teach youth the value of entrepreneurship and financial responsibility in an MTV award show style environment. Top celebrities, sport stars, recording artists and other entertainers to share practical money matters with young adults. This event has served over 30 nonprofits and thousands of youth. Money XLive Multimedia was designed to help bring the excitement of the live event to communities across the country. Learn more at www.MoneyXLive.com and www.FinancialEducatorsCouncil.org.