MBN USA

November 18, 2021

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One Stock. One Future. gifts stocks to Black, Latinx youth

“We are doing this! That’s what billionaire investor Robert F. Smith recently declared on Facebook as he celebrated his new joint venture – One Stock. One Future – by ringing the bell at the New York Stock Exchange along with students from Eagle Academy, the first beneficiaries of the program.

In addition to the young men from the New York/New Jersey college prep network, One Stock. One Future. partner Goalsetter and members of the Morehouse Class of 2019. After famously announcing at their commencement that he would pay off the entire class’s student debt, Smith listed the recent grads as his partners in his gift to Eagle Academy, he recently told The Today Show.

Founded by Tanya Van Court in 2016,  Goalsetter is a family saving, investing, financial education and smart spending app that makes it easy for families to go cashless while teaching them how to be money smart.

As reported by MBN USA, One Stock. One Future began its mission to create 1 million Black and Latinx youth shareholders and investors with a personal gift from Smith that presented Eagle Academy students, staff, and faculty with a total of 15,000 shares of stock.

“Our Class of 2019 at Morehouse, our team at Goalsetter, our team now at Eagle Academy, you all are a part of an ecosystem of economic development,” Smith, founder, chairman and CEO of the Vista Equity Partners, said in the news release.

“You’re part of an ecosystem of self-empowerment. [And] you now have partners like the New York Stock Exchange that you can look to and look for help and guidance on how we create more access to capital and opportunity into our communities.”

Within 30 days of launching “One Stock. One Future,” 1,000 companies each pledged to donate 1,000 shares, including Delta Airlines, Twitter, Lyft and NBCUniversal. But, as Smith explained on Today, that is only the beginning of his vision.

“The executives in these companies—doesn’t have to be just the CEO, or African-American and Latinx executives—an all contribute 1,000 shares,” he said. “It’s a wonderful feeling to know that you’ve empowered the youth to participate in what will be the greatest wealth creation opportunities for them, which is the capital markets in America.”

By incorporating Goalsetter’s innovative, social media-influenced teaching method, Smith hopes this program will start students on a wealth-creation journey that carries them well into adulthood.

To learn more about One Stock. One Future., visit https://mbnusa.biz/detail/robert-smith-goalsetter-collaborate-to-create-1-million-youth-shareholders.