Jay-Z isn’t just making waves in the music world—he’s also championing education and financial literacy. The Shawn Carter Foundation, in collaboration with Toyota Motor North America, has announced an exciting new initiative called Champions for Financial Legacy (CFFL). This program is set to empower students at Historically Black Colleges and Universities (HBCUs) by equipping them with vital financial knowledge.
The Shawn Carter Foundation, founded by Jay-Z, focuses on closing the education opportunity gap for underserved communities. Their CFFL program empowers HBCU students with financial education to promote economic success and intergenerational wealth. Toyota, a longstanding supporter, is helping to expand this program to benefit more students and communities.
The CFFL program, developed with the Wharton School, offers a curriculum based on Professor Keith Weigelt’s course to enhance financial literacy. It aims to equip students with practical financial skills. Dr. Fareeda Griffith highlights the program’s evidence-based approach in addressing the wealth gap through partnerships with HBCUs.
The CFFL curriculum covers essential financial topics like budgeting, stock markets, and credit scores, with real-world applications. It aims to empower students to manage their financial futures and foster local development for lasting community change.
Launching in Spring 2025
The CFFL program will start in Spring 2025 at Lincoln University, Norfolk State, and Virginia State University, with faculty receiving development training and student ambassadors promoting it. The Shawn Carter Foundation aims to expand the program to other HBCUs, enhancing financial education access.
A Vision for the Future
Dr. Gloria Carter, CEO of the Shawn Carter Foundation, is excited about CFFL’s growth and its positive impact, thanks to partners like Toyota and the Wharton School. Dr. Keith Weigelt of Bridges to Wealth praises the partnership for tackling social disparities and enhancing middle-class wealth resilience.
The Shawn Carter Foundation is enhancing financial literacy among HBCU students to prepare future leaders. Through the CFFL program, they aim to bridge the wealth gap and promote equity by empowering individuals and communities. Supporters passionate about education and financial literacy are encouraged to join and support the foundation’s mission. More details can be found on their website.
Jay-Z’s Shawn Carter Foundation is paving the way for a brighter future through financial education. With the support of Toyota and the expertise of the Wharton School, the CFFL program is set to make a significant impact on HBCU students and their communities. By addressing the wealth gap and fostering financial literacy, this initiative is creating lasting change for generations to come. Join us in supporting this incredible movement and help shape a more equitable future for all.
