The firm gave clients the opportunity to "vote" for the charity they felt compelled to support. At the end of January, Hewins will donate $3,000 based on the votes received, dividing a percentage of those funds between the three organizations. Junior Achievement USA and Operation HOPE use donations to develop educational programs focused on empowering children with critical knowledge necessary to achieve financial independence and stewardship. International Youth Foundation strives to equip young people with a range of important life skills that prepare them to enter and navigate the workforce with confidence.
Research shows that educational programs teaching personal financial literacy to youth can have a positive impact. A recent publication by the U.S. Department of the Treasury claims that individuals who receive financial education make bigger contributions to their retirement accounts and have a higher net worth. For Hewins, the ability to make a real difference is what inspired this campaign and fuels the firm's ongoing commitment to philanthropy, says Chief Strategy Officer Gretchen Halpin.
"As a firm, we consistently strive to make giving back a priority," says Halpin. "We feel it's our responsibility, as leaders within the industry, to carry the torch and help support the conversation around financial literacy in this country, especially for the next generation of investors."
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