Why not share the gift of education?

Rick Young is passionate about getting Hamilton County’s kids on the right track, right off.

But he needs some help.

As you may have read, the Financial Literacy Council of Greater Hamilton County, a 501(c)3 nonprofit, has in mind a task that will help kids, beginning at kindergarten age, stow away a nest egg for their post-secondary education. The goal is to inspire hope in each child that a post-secondary education is within their grasp.

The program is intended for all Hamilton County children, with parental approval. Seed money for each student who enrolls in the program will come from Availa Kares. Then, over time, it is hoped that beneficiaries will contribute to each student’s account to, again over time, grow a sum that can stake them to that post-secondary phase of their educational lives.

That is perhaps the most significant branch of the Financial Literacy Council’s plan.

Another, more basic branch, is administration of this growing plan; keeping track of it is a job. To pay for that administration, the Council needs another kind of beneficiary. It needs ongoing community support to the tune of, say, $500 per, to fill the need.

Hamilton County has already kicked in $3,000, says Young, who is the chairman of the Hamilton County Board of Supervisors. He estimates the cost administering the program will run about $8,000 a year. That leaves $5,000 to get this show on the road.

Let’s break that down: If 10 people or businesses committed to supporting this Financial Literacy initiative to the tune of $500 each, the deed would be done. It would ensure that this program could grow in solid ground.

Now let me reiterate a point I made in a previous column: This is not a college fund. Can it be used for college? Yes. But it can just as easily help a young person pay for training to become a welder or a hairdresser. It is intended for post-secondary use. That means it is a savings account for any education that follows high school graduation.

Got it?

So, let me run over that again:

1. Hamilton County children, as early as kindergarten, can be enrolled in this Financial Literacy Council of Greater Hamilton County plan.

2. Over time, people, parents, businesses, or nonprofit organizations can add to the children’s accounts if they wish.

3. These financial gifts to their accounts need to be administrated.

4. The Council needs to pay someone to perform that role.

5. It is estimated that it will cost $8,000 a year to do that.

6. Hamilton County has kicked in $3,000.

7. That leaves $5,000 left to raise.

8. That’s 10 $500 contributions.

9. To help provide lasting education for Hamilton County’s children.

10. If you are reading this, chances are you are educated.

Why not consider helping share that great gift on to the next generation?


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