Category: Generational Wealth

LeBron James on Generational Wealth

Chase and UNINTERRUPTED [€‹] have partnered to create “Kneading Dough,” a series of intimate and honest conversations with professional athletes about how they’ve navigated their unique financial and career pathways.   Episode 2: From the high school classroom to NBA arenas, LeBron James opens up about his rise in the...

D.C.-Based Executive Leadership Council Launches 3-Year, $6 Million Initiative To Foster Black Wealth in America

The “Build, Grow, Protect!” strategy, inspired by events surrounding Juneteenth and Black Wall Street, aims to create the strategic investment to strengthen, diversify and expand the organization’s commitment to propelling upward mobility in the Black community, the council said. The initiative will kick off through a strategic partnership with...

The Guap Foundation Helping Black Communities Build Long-Term Economic Wealth Through Financial Literacy and Cryptocurrency

As part of major economic initiative, the Guap Foundation, an Atlanta-based nonprofit organization, launched its website as a platform to build a strong foundation for long-term economic wealth in underserved Black and Brown communities. Tavonia Evans created GUAP Coin, a cryptocurrency created to amplify the economic voice of the...

“Black Wealth Intiative Program “”Own It: Building Black Wealth”” Launches To Create Homeowership for Black Families in Madison”

The racial disparities in accumulated household wealth in the United States are staggering. In 2019, preceding the COVID-19 pandemic, the median white household held $188,200 in wealth — almost 8 times that of the typical African-American household, which was $24,100. The disparity in these numbers through the years, unfortunately,...

The Bush Foundation Creates $100 Million Trust Fund To Help Build Wealth for Black and Native American Communities

The St. Paul-based foundation has set up trust funds for Black and Native Americans in Minnesota, North Dakota, South Dakota and 23 Native nations. “This is not reparations, but it’s in the spirit of reparations,” said Grantmaking Director Jackie Statum Allen. The money will be paid to individuals for...