We Stand Together Against Racism

Jun 04, 2020
Personal Finance

We stand together against racism and remain committed to the bedrock social justice principles that our organization was founded upon. We stand together with our Black teammates, educators and students in the fight against racism in our quest to create a more equitable world.  

George Floyd. Ahmaud Arbery. Breonna Taylor. And countless others, some known through the media while so many others are known only to their loved ones or their communities. Their names, their killings, the ongoing violence against the Black community whose legacy stretches back centuries leaves us saddened and outraged. Our hearts go out to their families and their communities.  Their killings provide us with stark reminders of the biased criminal justice system, the all too frequent realities of police brutality without accountability, and the dehumanization of Black lives that many people endure every day of their lives. 

The systemic racism woven throughout the fabric of our nation is causing tremendous damage. Whether it’s the inequities in the educational system that leave far too much potential unfulfilled or an unequal economy where Black Americans have 1/10th the wealth and twice the unemployment rate of their white counterparts. We must do better. 

We strive in our work, every minute of every hour of every day, to close this opportunity gap through the power of education, financial education. We are witness to the heroic efforts of tens of thousands of educators who impact the lives of millions of their students. Students are thinking differently about their future, developing new money habits and behaviors, making better decisions, and take what they learn into their homes to educate their parents. They recognize the power that comes from financial independence. 

NGPF is an organization founded with a social justice lens and we have a responsibility and an urgency to accelerate this change:

  • We commit to invest $3 million in the largest urban high school districts to build the systems capability and institutional support so more Black students and other students of color have the opportunity to develop their financial capability. We look forward to changing today’s paradigm where the largest urban school districts lack resources to develop comprehensive financial education programs.  
  • Recommitting to Mission 2030 so that by 2030, ALL students leaving high school will cross that graduation stage with the financial skills to thrive in the future. We will be increasing our investment in the Gold Standard Challenge by $1 million so that another 100 high schools can deliver essential financial education.

We also have the humility to recognize we don’t have all the answers. But with an open mind, a giving spirit and a listening ear, we hope to partner with you to be part of the solution.

The NGPF Team

Abby, Amanda, Brian, Christian, Eugenie, Jessica, Kareem, Laura, Mason, Ren, Rita, Sonia, Tim, Tori, & Yanely

About the Author

Tim Ranzetta

Tim's saving habits started at seven when a neighbor with a broken hip gave him a dog walking job. Her recovery, which took almost a year, resulted in Tim getting to know the bank tellers quite well (and accumulating a savings account balance of over $300!). His recent entrepreneurial adventures have included driving a shredding truck, analyzing executive compensation packages for Fortune 500 companies and helping families make better college financing decisions. After volunteering in 2010 to create and teach a personal finance program at Eastside College Prep in East Palo Alto, Tim saw firsthand the impact of an engaging and activity-based curriculum, which inspired him to start a new non-profit, Next Gen Personal Finance.