NEW YORK, NEW YORK (February 13, 2017) — BlackFem, Inc. and Young Adult Borough Centers (YABC) in the New York City Department of Education announced today that they had agreed to partner to bring wealth and financial literacy workshops to YABC students.
BlackFem’s Wealth Institute will introduce key wealth and financial literacy topics to the students of the YABC at Lehman High School in the Bronx. YABC students will learn about the fundamentals of wealth-building, personal finance, financial planning, and how to invest in stocks and bonds.
“YABC students are exactly the type of students that we love to teach because they are about to graduate and make key financial decisions,” explained Chloe McKenzie, President and CEO of BlackFem. “We are incredibly excited that our partnership with YABC will allow us to help these students right here in New York City because it’s not just that we are teaching about wealth-building, but with the help of our sponsors, we are also able to give them the necessary resources to actually begin building wealth.”
Martin Smallhorne, the Administrator of the YABC at Herbert H. Lehman High School, said, “I was drawn to BlackFem’s programs because I wanted to bring awareness to my students.” In reflecting on how impactful this could be for his school community he said, “money is seen so differently in our communities, and our kids don’t realize that you don’t have to be a rapper to be wealthy… I want them to get that exposure.” BlackFem’s Wealth Institute will begin in February.
BlackFem, Inc. is a 501(c)(3) non-profit wealth and financial literacy organization designed for girls as young as three and women up to adulthood. BlackFem empowers women and girls of color to create financial stability and sustainability for themselves. One by one, BlackFem is correcting the extreme resource deficiency that characterizes this demographic.
YABCs are evening academic programs designed for high school students who are behind in credit or considering dropping out because of adult responsibilities in the daytime. YABCs allow students to earn a high school degree, explore college and career options, and gain work experience.