If yesterday’s voting wasn’t enough for you, here’s a nice opportunity to vote for asset-building matched savings opportunities for young people, courtesy of CFED (but act fast):
We are in a close race with only hours left to go! Don’t miss your chance to help CFED win Foolanthropy 2008.
CFED needs your vote! Please choose CFED on the Motley Fool’s Foolanthropy website by 5:00 PM EST today (November 5, 2008).
CFED – the Corporation for Enterprise Development has been chosen as one of four charities by The Motley Fool to take part in its 2008 Foolanthropy campaign. The Motley Fool is asking people to vote for which charity should receive their 2008 Foolanthropy grant. CFED is a national nonprofit organization that has pioneered revolutionary programs that combine financial education with personal savings to help people rise out of poverty. As a result, thousands of young people are realizing dreams they once thought were out of their reach.
Through CFED’s Savings for Education, Entrepreneurship and Downpayment (SEED) program, at-risk youth learn the practical discipline of saving, and receive age-appropriate financial education. Each participant receives an initial deposit of $500 to $1,000, and participant savings are matched dollar for dollar. The proceeds of the accounts are restricted for college, starting a business, or buying a home. Vote for CFED’s SEED program before voting ends today!
If selected, the support given to the SEED program will contribute to matching funds and financial education support to disadvantaged young savers in communities across the country. For instance, $1,000 invested for 18 years at a 6% rate of return yields nearly $3,000. With matching funds, a family that deposits $50 per month to the base can save over $22,000 by the time their child turns 18! Please give us your vote now and make the future brighter for a young saver!
To view videos about the SEED program, visit CFED’s Video Gallery at http://video.cfed.org.
To vote for CFED please visit http://www.fool.com/foolanthropy/2008/10/29/financial-literacy-now-more-important.aspx.