Boys & Girls Clubs of America and Charles Schwab Foundation Name Kujegi Camara of New York City 2012 National Money Matters Ambassador

Boys & Girls Club Member Will Promote the Benefits of Financial Education to Teens Nationwide

Tuesday, April 17, 2012 6:00 am PDT

Dateline:

SAN FRANCISCO

Public Company Information:

NYSE:
SCHW
"The power of peer influence goes a long way toward promoting the value of a program like Money Matters"

SAN FRANCISCO--(BUSINESS WIRE)--Eighteen-year-old Kujegi Camara of New York City has been named the fifth annual National Ambassador for the Money Matters: Make it CountSM program, sponsored by Boys & Girls Clubs of America (BGCA) and Charles Schwab Foundation. The National Ambassador serves as spokesperson for the program and is charged with promoting financial education as the basis for lifelong financial health and well-being to teens across the country.

Kujegi’s parents emigrated from Gambia more than 20 years ago with the hope of finding greater opportunities in the United States. Although they have provided a better life for their eight children, they still face a heavy financial burden. Kujegi first heard about Money Matters through a friend at the Children’s Aid Society Boys & Girls Club and decided to participate, hoping to learn how saving and budgeting her money could make a difference for her and her family.

“The different scenarios we were shown allowed me and my peers to reflect on how the little choices we make every day will impact our future,” Kujegi said. “It was during the workshops discussing needs versus wants that I realized my actions today have a ripple effect on the goals I want to achieve tomorrow. With the Money Matters program, I found myself critically thinking about the way I want to save my money so I do not make the same mistakes my parents made.”

Kujegi now creates budgets for her family’s shopping needs. Her comprehensive budget plan has helped her family save more money this year on things like clothing and school supplies. She also puts a portion of the lunch allowance given by her father each week toward savings.

“My saving and spending patterns have gotten significantly better since participating in the program, and I’ve become more financially conscious and in better control of my money,” Kujegi said. “I am always finding new ways to save and tips to help me spend wisely.”

Along with the title of Money Matters National Ambassador, Kujegi will receive a $5,000 college scholarship from Charles Schwab Foundation. Next fall, she will begin her freshman year at Princeton University where she wants to study international affairs. Children’s Aid Society Boys & Girls Club will additionally receive a matching grant of $5,000 from Charles Schwab Foundation to help fund the Club’s work in providing Money Matters to Club youth.

Nineteen other Boys & Girls Club teens across the country and on military installations overseas are also being awarded scholarships for their achievement in acquiring and applying new personal finance knowledge and skills they gained through Money Matters. Of those, 15 will receive $2,000 scholarships. The four other finalists for the National Ambassador title will receive $2,500, and their Clubs will receive matching grants of $2,500 each.

The importance of a national ambassador

”The power of peer influence goes a long way toward promoting the value of a program like Money Matters,” said Carrie Schwab-Pomerantz, president of Charles Schwab Foundation. “The National Ambassador serves as an important role model in demonstrating to other teens that financial education can really pay off.”

“Through the Money Matters program, Boys & Girls Club teens are provided an opportunity to start making sound financial decisions early and develop a plan for a smart financial future,” said BGCA President and CEO Jim Clark. “It’s also very inspiring to see how this program enables young people to spark a conversation with their families on financially relevant topics that can improve their collective future.”

Full list of the 19 additional Money Matters college scholarship recipients:

Marian Dawodu   Boys & Girls Clubs of Metro Atlanta  
Jaylah D. Dow Boys & Girls Clubs of Sierra County (Truth or Consequences, N.M.)
Jelsea Ford Boys & Girls Clubs of Metro Denver
Fatu Gumaneh Children’s Aid Society (New York, N.Y.)
LaJoyce Hale Boys & Girls Clubs of Carson (Carson, Calif.)
Rebekah Harwell Boys & Girls Clubs of Iwakuni (Japan)
Quan Jennings Boys & Girls Clubs of Hartford (Conn.)
Gary Michael Lavine Boys & Girls Clubs of Metro Atlanta
Hui Lin Children’s Aid Society (New York, N.Y.)
Jeffrey Luk The Educational Alliance (New York, N.Y.) Ambassador Finalist
Alexandra Mayes Boys & Girls Clubs of Metro Atlanta Ambassador Finalist
Catherine Mendenhall Chievres CYS Services (Belgium)
Edwin Molina

Boys & Girls Club of Capistrano Valley (San Clemente, Calif.)

Imani Mutyanda

Boys & Girls Clubs of Union County (Union Township, N.J.)

Martha Olang Boys & Girls Clubs of Hartford (Conn.) Ambassador Finalist
Damena Page Boys & Girls Clubs of San Francisco Ambassador Finalist
Hazel Sison USAG Daegu (Korea)
Daquze Stephens Boys & Girls Clubs of Toledo (Ohio)
Tavari Turner Boys & Girls Clubs of Metro Atlanta
 

About Money Matters: Make It Count

Funded by Charles Schwab Foundation, Boys & Girls Clubs of America’s Money Matters program is designed to promote money management skills among teens, ages 13-18. The program consists of fun, interactive activities and exercises on topics such as using a checking account, managing debt, saving for college and learning the basics of investing. The program is targeted primarily at teens from underserved communities.

Approximately 375,000 youth in over 1,700 teen Boys & Girls Clubs across the U.S. have participated in Money Matters since it launched in mid-2004. In addition, Charles Schwab Foundation has presented a cumulative total of $390,000 in scholarships to 187 Club teens who completed Money Matters and demonstrated exceptional financial skills from their newly acquired knowledge of personal finance.

About Boys & Girls Clubs of America

For more than 100 years, Boys & Girls Clubs of America (GreatFutures.org) has enabled young people most in need to achieve great futures as productive, caring, responsible citizens. Today, nearly 4,000 Boys & Girls Clubs serve some 4 million children and teens through Club membership and community outreach. Clubs are located in cities, towns, public housing and on Native American lands throughout the country, and serve military families in BGCA-affiliated Youth Centers on U.S. military installations worldwide. Clubs provide a safe place, caring adult mentors, fun and friendship, and high-impact youth development programs on a daily basis during critical non-school hours. Priority programs emphasize academic success, good character and citizenship, and healthy lifestyles. In a Harris Survey of alumni, 57 percent said the Club saved their lives. National headquarters are located in Atlanta. Learn more at bgca.org/facebook and bgca.org/twitter.

About Charles Schwab Foundation

Charles Schwab Foundation is a private, nonprofit organization funded by The Charles Schwab Corporation. Its mission is to create positive change through financial education, philanthropy, and volunteerism. More information is available at www.aboutschwab.com/community. The Charles Schwab Foundation is classified by the IRS as a charity under section 501(c)(3) of the Internal Revenue Code. The Foundation is neither a part of Charles Schwab & Co., Inc. (member SIPC) nor its parent company, The Charles Schwab Corporation. (0412-2627)

Photos/Multimedia Gallery Available: http://www.businesswire.com/cgi-bin/mmg.cgi?eid=50241065&lang=en

Contact:

Boys & Girls Clubs of America
Amy Lamparter, 404-487-5856
alamparter@bgca.org
or
Charles Schwab
Sarah Bulgatz, 415-667-0328
sarah.bulgatz@schwab.com

Multimedia Files:

Preview image
Kujegi Camara of New York City has been named the fifth annual National Ambassador for the Money Matters: Make it Count(SM) program, sponsored by Boys & Girls Clubs of America (BGCA) and Charles Schwab Foundation. (Photo: Business Wire)
Preview image

Corporate Public Relations
Contacts for Journalists Only

 

888-767-5432

Subscribe

Business Wire NewsHQ℠