MADISON, WI, June 10, 2010 State Farm Insurance Company recently donated $4,000 to 100 Black Men of America, Inc. for the 100’s signature Dollars & $ense Investment Education Program. State Farm held a check presentation at LaFollette High School on June 8, 2010.
“At State Farm, we understand the importance of the work implemented by organizations like 100 Black Men of America”, said Elizabeth Tharp, State Farm Vice-President-Agency in Wisconsin. “We genuinely care about supporting philanthropic programs and initiatives. 100 Black Men has done and continues to do great work, and we are truly honored to be a part of it.”
The 100, in collaboration with State Farm, created a national program to address and eradicate financial illiteracy among youth of color. The Dollars and $ense Investment Education Program is a financial literacy program sponsored by State Farm and authored by the National Association of Investors Corporation. The program was designed to provide high school students, grades 9 through 12, with the opportunity to learn and apply “best practice” strategies for saving and investing. The goal of this program is to help students understand basic savings/investment principles and to apply these standards in their day-to-day lives.
”The Madison Chapter of One Hundred Black Men is very appreciative of this grant from State Farm,” said Wayne Canty, President of the 100 Black Men’s Madison Chapter. “The Dollars and $ense program was delivered to twenty Madison LaFollette High School students over the course of seven weeks. In addition, the grant will enable us to send four students to compete in the National Dollars and $ense Competition in conjunction with the 100 Black Men’s Annual Convention”, Canty continued.
Each year during the 100’s annual conference, 100 mentees from various chapters participate in the Dollars and $ense Competition. Teams present “mock” financial portfolios to judges who evaluate their understanding of investment concepts, strategies and products. Winning teams will be awarded college scholarships in the amount of $3,000 for 1st Place and $1,000 for 2nd Place. All participants will receive book bags, day planners and various school supplies.
The 24th 100 Black Men of America, Inc. Annual Conference will take place in Ft. Lauderdale, Florida, June 16-20, 2010. For more information about 100 Black Men of America or the upcoming conference, visit www.100blackmen.org.
For questions or more information, contact Ann Avery, Public Affairs, at (402) 327-4551.
100 Black Men was founded as an organization in New York City in 1963. The national organization, 100 Black Men of America, Inc. began with nine chapters in 1986 as a national alliance of leading African American men of business, public affairs and government with a mission to improve the quality of life for African Americans, particularly African American youth. Today, under the direction of Albert E. Dotson, Jr., the organization has 116 chapters in the United States, England and the Caribbean. The 100 serves as an international coalition focused on creating educational opportunities, promoting economic empowerment, addressing health disparities and creating positive mentoring relationships.
State Farm insures more cars and homes than any other insurer in the U.S., is the leading insurer of watercraft and is also a leading insurer in Canada. State Farm's 17,700 agents and more than 67,000 employees serve 81 million policies and accounts – almost 79 million auto, fire, life and health policies in the United States and Canada, and nearly 2 million bank accounts. State Farm Mutual Automobile Insurance Company is the parent of the State Farm family of companies. State Farm is ranked No. 31 on the Fortune 500 list of largest companies. For more information, please visit statefarm.com® or in Canada statefarm.ca®.
