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The Eagle Academy Foundation Announces Major Gift from Robert F. Smith, Powered by Goalsetter App TechnologyThe Eagle Academy Foundation, a network of public all-male college preparatory schools serving young men of color throughout New York City and Newark, N.J., today announced a major gift from Robert F. Smith, donated in partnership with the Morehouse College Class of 2019. Together, Smith and Morehouse's Class of 2019 are giving nearly 15,000 shares of stock in Vista Equity Partners' publicly traded portfolio companies to each of the approximately 2,900 students, teachers, and staff members of the Eagle Academies for Young Men. Through this gift, these young men and educators will receive stock shares in Jamf (NASDAQ: JAMF), Datto (NYSE: MSP), Ping (NYSE: PING), Integral Ad Science Holding Corp (NASDAQ: IAS), and PowerSchool (NYSE: PWSC) five software companies in the Vista family, with the hope that this gift will arm them with the knowledge and resources to become lifelong investors, owning their financial futures. This gift will be powered by Goalsetter app technology, the Black female-owned family investing and saving app that provides parents with tools to teach their children financial literacy. Goalsetter's platform will both host the shares of stock gifted to members of The Eagle Academy Foundation as well as provide every young man who receives stock with game-based, culturally relevant financial education, rooted in memes and gifs from popular culture. Through this continuing education, these young men will not only enjoy the benefits of owning stock but will also receive the education needed to become lifelong investors. "For far too long, Black Americans have been prevented from accessing resources to build lasting, generational wealth. With this history in mind, the Morehouse Class of 2019 and I are proud to gift these stock shares to the young men of Eagle Academy. From a young age, my parents and community instilled in me the value of saving, and throughout my life I've learned that your financial success is not determined by what you buy, but by what you own. I hope this opportunity not only inspires these young students to explore the world of investments, but that it also serves as a catalyst for other companies to join this initiative to arm our youth with the power to control their futures," said Robert F. Smith, Founder, Chairman and CEO of Vista Equity Partners. "By providing Black and Brown students with financial education and resources, we let them dictate their futures and allow them to embrace the many possibilities of who they can be, free from unnecessary financial burdens," said David C. Banks, President and CEO of The Eagle Academy Foundation. "We must see further investment and partnerships between the private sector and our schools to prepare our students for their futures. This initiative should set the precedent for companies looking to invest in Black and Brown youth and eradicate the racial wealth gap in this country. " "We are proud to partner with The Eagle Academy Foundation and to provide a platform that will scale and achieve Robert F. Smith's vision of financial literacy among young students of color," said Goalsetter CEO Tanya Van Court. "By creating this scalable infrastructure to teach and support students as they learn and grow their financial portfolios, we look forward to continuing this partnership and seeing others join this cause. Together, we can change the course of history for all communities that have been marginalized due to their lack of access to financial education and opportunities."
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View source version on businesswire.com: https://www.businesswire.com/news/home/20211025005251/en/ |