How much funding does TMJF Financial Literacy Program - Newark Public Schools provide?

TMJF Financial Literacy Program - Newark Public Schools provides Up to $40,000 (four-year commitment) in funding.

When is the deadline for TMJF Financial Literacy Program - Newark Public Schools?

This grant has a rolling deadline or the deadline has not been announced.

TMJF Financial Literacy Program - Newark Public Schools

THE MALCOLM JENKINS FOUNDATION

Foundation Annual Grants for Education Grants for K-12 Schools STEM Education Grants

Apply Now

Funding Amount

Up to $40,000 (four-year commitment)

Deadline

Rolling / Open

Grant Type

foundation

Overview

TMJF Financial Literacy Program - Newark Public Schools Partnership

Funder: The Malcolm Jenkins Foundation (TMJF)

Status: Active partnership announced August 2023

Geographic Scope: Newark, New Jersey

Partner Organization: Newark Public Schools (NPS)

Focus Areas:

Closing the racial wealth gap

Financial literacy education

Student savings account establishment

Career pathway exposure

College and career preparation

Program Details:

Student Savings Account Initiative

Provides savings accounts for students across three Newark high schools
Four-year commitment of up to $40,000
Initial deposit of $40 per account
Target: 250 incoming freshmen
Platform: Goalsetter (Black-owned family banking and financial literacy platform)

Participating Schools:

1. Newark School of Global Studies - Diplomacy, International Business, Humanities academies 2. Newark School of Fashion & Design - Creative and academic pathways 3. Newark School of Data Science and Information Technology - STEM and research focus

Program Goals:

Aligned with NPS mission for academically rigorous and culturally responsive instruction
Prepares students for success and builds knowledge
Fosters leadership and character development
Provides world-class education for every child in Newark

Long-term Commitment:

Filmmaking
Design
Digital marketing
Coding
Advertising
Music
Fashion

Research-Backed Benefits:

Youth with savings accounts are 6x more likely to attend college
Youth with savings accounts are 4x more likely to own stocks as young adults

Addressing Systemic Inequities:

Studies project that by 2053, African Americans will have negative net worth in the US; Latinx communities are 20 years behind. This program aims to address these disparities early.

Contact:
The Malcolm Jenkins Foundation
Website: themalcolmjenkinsfoundation.org