PRESS RELEASE: New Savings, Financial Literacy Initiative for Oakland Low-Income Youth
NEWS RELEASE: June 14, 2016
Kelly Carlisle, Executive Director, Acta Non Verba: Youth Urban Farm Project, (510) 277-7489, [email protected]
Michelle Brega, U.S. Bank, [email protected]
Annabelle Sibthorpe, Resident Services Manager, Project Access, (510) 286-0130, [email protected]
New Savings, Financial Literacy Initiative for Oakland Low-Income Youth
New partnership between Acta Non Verba: Youth Urban Farm Project, Project Access, and U.S. Bank
Oakland, CA – Acta Non Verba: Youth Urban Farm Project (ANV), working with Project Access and U.S. Bank, have launched a new initiative to provide savings accounts and financial education workshops for Oakland youth participating in ANV’s Camp ANV (seasonal camps during Oakland Unified School District breaks) and ANV After-School Program (in partnership with local partner Project Access).
Because children with savings accounts are six times more likely to go to college, according to a Washington University in St. Louis study, ANV, U.S. Bank, and Project Access are helping youth begin to save now to build assets and chart a better educational future. The initiative will focus on youth living in low-income neighborhoods in Oakland served by Acorn-Woodland and Encompass local schools, where 99 percent of students qualify for free and reduced school lunches. Only 60 percent of residents in the corresponding zip code are high school graduates or higher and only 7 percent have a bachelor’s degree or higher.
Camp ANV and ANV After-School Programs serve low-income African-American, Latino, and other children ages five to13, offering vital services in education, child care, economic empowerment, financial literacy, and access to healthy food to a community sorely lacking in these areas. Produce from ANV’s quarter-acre farm, located in the City of Oakland’s Tassafaronga Park, is planned, planted, harvested and sold by youth in grades K-8. One hundred percent of the proceeds from ANV’s farm sales will be placed into savings accounts for the benefit of youth who participate. In addition, youth in the program will be part of financial education workshops (in both English and Spanish) presented by U.S. Bank during Camp ANV. The bank will also host introductory workshops on June 10 and July 15 for parents and guardians on the benefits of saving and how to establish an account for their child who participates in the program.
For more information about Camp ANV, how to enroll or additional program details, go to www.anvfarm.org/camp.
Acta Non Verba: Youth Urban Farm Project (anvfarm.org) elevates life in the inner-city by challenging oppressive dynamics and environments through urban farming in Oakland, CA. Their unique approach to social, environmental, and economic justice and equity was honored by President Barack Obama in 2014.
Project Access (project-access.org) is the leading provider of vital on-site health, education and employment services to low-income families, children and seniors. Their goal is to help keep family members employed, children in school, and seniors active.
U.S. Bancorp (“USB”), with $429 billion in assets as of March 31, 2016, is the parent company of U.S. Bank National Association, the fifth largest commercial bank in the United States. The Company operates 3,129 banking offices in 25 states and 4,954 ATMs and provides a comprehensive line of banking, investment, mortgage, trust and payment services products to consumers, businesses and institutions. Visit U.S. Bancorp on the web at www.usbank.com.