September 16, 2022

Michael Jordan Launches Initiative To Further Support Black Businesses

Thanks to a grant from Michael Jordan and Jordan Brand, Next Gen Personal Finance (NGPF) will provide high schoolers with access to life-changing personal finance education.

The grant was made through Michael Jordan and Jordan Brand’s Black Community Commitment (BCC), an initiative committed to supporting businesses that commit to building racial equality, and social justice and providing students with greater access to education.

The high school program will be modeled after NGPF’s highly successful Finance Equity and Empowerment (FEE) grant program, which NGPF first launched in 2020 to increase financial education within prominently Black and Brown communities. 

Through the FEE program, NGPF will connect with the largest U.S. public school systems that share similar commitments to increasing the financial capability of their students. 

“This grant has the opportunity to change the financial [the] trajectory of historically excluded communities across the United States,” said Tori Mansfield, NGPF Senior Program Manager. 

“Students will graduate understanding how to maintain good credit, invest in the stock market, and prepare financially for life after high school.” 

Jordan and NGPF selected 639 high schools to join the program not only because of their large number of students but also because the percentage of Black and Hispanic students in these schools ranged from 56-95 percent, ultimately furthering the impact of the grant. 

Jordan’s partnership with NGPF showcases both organizations’ commitment to bridging the financial education gap. The funding will also provide schools with a dedicated Personal Finance Specialist, who will work locally to provide teachers curriculum support and professional development.

Kumba Kpakima

Kumba Kpakima is a reporter at POCIT. A documentary about the knife crime epidemic in the UK got her a nomination for the UK's #30toWatch Young Journalists of the Year.