LIFE In The Press
KINZER JOINS ADVISORY BOARD OF THE NATIONAL FINANCIAL EDUCATORS COUNCIL
LIFE president, Robert Kinzer was elected to the advisory board of the National Financial Educators Council. Mr. Kinzer was nominated based on his background of years of experience in promoting and teaching financial education for organizations such as the Federal Deposit Insurance Corporation and the Literacy Institute for Financial Enrichment.
The mission of the National Financial Educators Council is rooted in providing people with the knowledge and guidance they need to foster greater financial well-being. To accomplish that mission, they mobilize a diverse global force of financial wellness champions and empower them with resources and training so they can effectively support others in their communities to work toward greater financial security.
The Community Foundation is excited to welcome Lanta Evans-Motte, Monroe Harrison, Jr., and Walter Simmons to our Advisory Board in Prince George’s County. We are proud to welcome these new members into a diverse and vibrant group of individuals who have a passion for providing for the needs of the most vulnerable in our community. Advisory Board Members are responsible for advising on the challenges and opportunities specific to Prince George’s County, sharing their knowledge on issues of community leadership.
“I am excited to welcome Lanta, Monroe and Walter to The Community Foundation family. They each bring a wealth of experience and expertise in their respective fields and a commitment to enhancing opportunities for County residents,” said Desiree Griffin-Moore, Executive Director of The Community Foundation in Prince George’s County. “Their knowledge of Prince George’s County, and the broader Greater Washington region, combined with a desire to serve will help us expand philanthropy to build thriving communities for years to come.”
HOMEBUYING GUIDE FOR MILLENNIALS
Washington Informer Newspapers, Washington, DC
June Homeownership Financial Literacy Supplement
June Homeownership Financial Literacy Supplement
LIFE board member, Lisa Miller Scott, authored an article geared towards millennials.
“..According to the National Association of REALTORS® (NAR), millennials (persons age 22-40) continue to make up the largest share of home buyers at 37%, with younger millennials (age 22-30) contributing 14% 1 Of course, not every recent grad is focused on becoming a homeowner. Modest income, anticipated job changes, lack of credit history, and high student loan debt are just a few of reasons many millennials opt to continue to rent (or live with their parents.) But for those who feel the lure of “putting down roots,” there are a few things to consider…. “How do I know if I’m ready to buy?...”
YOUTH MONEY MATTERS: YOUNG, BLACK, AND BROKE
October 15 - 21, 2021
“Making Healthy Choices to Spend Less and Save More to Create Wealth, while developing Wisdom"
LIFE board member, Deetra Whatley, authored an article geared towards youth.
“Once money is spent on material things, that money is gone and the item may be worthless or worth a lot less….To begin to create wealth we need to understand what we own and what we owe. We can start with a spending journal to record everything that we spend our money on.
Now let’s take the time and answer the 3Ws and 1H:
How are we spending our money?
What are we spending our money on?
Where are we spending our money?
Why are we spending our money?
Begin making wise changes to your spending, and over time you may be able to change Young, Black, and Broke to Young, Black and Wealthy.”
LITERACY INSTITUTE FOR FINANCIAL ENRICHMENT: GRANTS FOR CHANGE WINNER
The Literacy Institute for Financial Enrichment received of one of six grants awarded by the Invest in Others Charitable Foundation in December 2020 through its Grants for Change program. Grants were available to organizations that are working to create and enhance opportunities for communities of color, providing essential services to causes such as social justice, employment and education—with the goal of leveling the playing field and providing life-changing opportunities to underserved communities. Lanta Evans-Motte, a financial investment professional in Calverton, MD applied for the grant to support LIFE, which received funding from Invest in Others.
More about Invest in Others:
The Invest in Others Charitable Foundation is a 501(c)(3) nonprofit dedicated to supporting and empowering financial professionals who give back to their communities with overwhelming generosity.
The Invest in Others Grants for Change Program was created to fund specific programs or projects for nonprofits that are working to create and enhance opportunities for communities of color, providing essential services to causes such as social justice, employment and education—with the goal of leveling the playing field and providing life-changing opportunities to underserved communities. Nearly 300 applications were received and recipients were selected based the impact the grant would have on the nonprofit and the community it serves.
Funding provided for: Youth Save & Invest for the Future Program
Grant Secured by Lanta Evans-Motte, LIFE Board Member,
Investment Advisor with Fortune 100 Financial Services Firm
Why did you become involved with this organization?
“After a few years working in this industry, I realized that we were missing out on an opportunity to educate more people who could eventually participate in the investment world”, said Evans-Motte. “The Literacy for Financial Enrichment was founded in 2003 for two reasons. First, we wanted to focus on education as opposed to trying to sell a product. Most organizations doing any type of education are tied to the goal of product sale. Second, we wanted to focus on young people, to plant the seeds while they’re still young and impressionable, so they can make good decisions and avoid the bad ones.”
What is the grant for and how will it benefit the community?
“The mission of LIFE is to provide educational programs and resources to individuals, families and communities that enable them to: expand their financial knowledge on credit, credit cards, credit scores; avoid and reduce excessive debt; develop self-sufficiency; and create, preserve and transfer wealth. With additional resource and technology support, LIFE can enhance its impact and reach throughout the Washington, D.C., Maryland and Virginia region, and expand to other parts of the United States via online webinars and workshops. About 95% of our financial seminars and programs have been for Black and minority audiences. We have also worked with specialized populations, including at-risk youth, returning citizens (formerly incarcerated), rural populations and victims of domestic abuse.
“We’re looking forward to serving the community all over the country by investing in the technology and tools that will allow us to do that,” said Evans-Motte.