August 21 2014
Winifred Johnson Clive Foundation and Bell Investment Advisors Sponsor Three HOPE Business In A Box Academies in Oakland, CA
Oakland – August, 21 2014 - Operation HOPE announced today the Winifred Johnson Clive Foundation sponsored three HOPE Business in a Box Academies in the Oakland, California with a $30,000 donation. The Winifred Johnson Clive Foundation agreed to pay $25,000 and issued a “matching grant challenge” for $5,000 to help with funding the third HOPE Business in a Box Academy. In July Bell Investment Advisors responded to the challenge with the $5,000 matching donation.
"The Winifred Johnson Clive Foundation is thrilled to partner with Operation Hope and Bell Investment Advisers to bring financial literacy education to undeserved middle school students in Oakland, California. Hope Business in a Box gives students access to vital concepts designed to excite and motivate a life-long passion for personal success. By providing mentors and a few basic financial tools, the program gives participants confidence to take responsibility for their financial future. Every student in America should have access to programs like this!" Stated, Lisa Johnson Lunday Trustee, Winifred Johnson Clive Foundation.
HOPE Business in a Box Academy is part of Operation HOPE’s national initiative, Project 5117, which aims to empower households that annually make $50,000 or less. HOPE Business In A Box Academy teaches students in middle school and junior high about financial literacy and financial dignity linked with a primer course in entrepreneurship. The Academy offers the following:
- Students can choose from more than 25 businesses that can be started for $500 or less,
- Students can pitch their startup ideas to judges, made up of top community leaders, and a live audience
- Winners get to work with a business mentor for 10 weeks
- Present their business plan to HOPE and receive a HOPE Business In A Box Academy Entrepreneurship Grant up to $500
Tyrone Cosey, President of the Operation HOPE Oakland Market states “We are so excited about our innovative partnership with the Winifred Johnson Clive Foundation and Bell Investment Advisors. As a result of Bell's decision to step up and accept Clive's matching grant challenge, three additional HOPE Business In A Box academy cohorts will begin in the Oakland public schools, and 15 young entrepreneurs will have the opportunity to develop and launch their new business venture. It's people like Lisa Lunday, and Bonnie and Jim Bell who believe so strongly in cultivating the untapped potential our Oakland youth, and are willing to invest in that belief."
The Winifred Johnson Clive Foundation, founded in 1986, is headquartered in San Francisco, California and funds projects and programs centered around arts and museums, children/youth services, education and Human services.
Bell Investment Advisors is a privately held, registered investment advisory firm located in Oakland, California.
To learn more about and sponsor a HOPE Business In A Box Academy in your city please email Mary Ehrsam.
About Operation HOPE
Since 1992, Operation HOPE has been America’s leading financial literacy and empowerment nonprofit. Through its four principle portfolios: Banking on Our Future, HOPE Coalition America, HOPE Financial Literacy Empowerment Centers, and HOPE Corps, the organization addresses youth and adult financial literacy, economic preparedness, bridges the digital divide and promotes home ownership and assists with foreclosure prevention. With the support of more than 400 private sector companies, 5000 nonprofit organizations and schools and government partners, HOPE has reached 2 million low-wealth individuals in 300 cities, including and South Africa. At the core of HOPE’s mission is a Silver Rights Movement, ensuring that free enterprise and capitalism work to provide a better future for underserved communities around the world.
Founded in 1992 and headquartered in Los Angeles, Operation HOPE promotes financial dignity through the delivery of financial inclusion and education tools to underserved communities. Through its three core divisions and HOPE Financial Dignity Forum, the organization has provided youth and adult financial literacy, economic preparedness, digital empowerment, promoted home ownership, and assisted with foreclosure prevention to more than 2 million individuals, families, and small business owners. HOPE's next phase will be focused on Project 5117, a multi-year initiative that will track and increase business role models for youth, boost credit scores for adults, and empower underserved communities. To learn how you can join Project 5117, go to www.operationhope.org.