What is Cents Ability?
Cents Ability is a dedicated volunteer-driven initiative established in 2004 by John Moore and Alexa du Pont. The organization provides high school students and young adults with essential financial tools and knowledge to foster lifelong financial well-being. Its curriculum, developed in collaboration with the National Endowment for Financial Education and refined through partnerships with organizations like New York Cares and Wall Street Volunteers, is delivered over seven 45-minute learning sessions. This structure ensures accessibility for both busy students and dedicated volunteers. Cents Ability obtained its 501(c)3 nonprofit status in May 2004 and has since delivered its impactful financial education classes at numerous institutions across New York City, including The Door, Union Settlement Association, and Washington Irving High School.
How much funding has Cents Ability raised?
Cents Ability has raised a total of $26K across 1 funding round:
Debt
$26K
Debt (2021): $26K with participation from PPP
What's next for Cents Ability?
With the recent influx of substantial expansion capital, Cents Ability is poised for significant growth. The organization's strategic focus will likely involve expanding its reach to more educational institutions and potentially developing new modules to address evolving financial landscapes. This investment signals a strong belief in Cents Ability's model for empowering young individuals with critical financial acumen, positioning it for enhanced impact and broader community engagement in the coming years.
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