MMACF Develops Future Fund for Students
03/04/2019- You may think that five years old is a little early to start planning for a child’s post-secondary future, but not so, according to the local Community Foundation. Through a partnership with area banks, the M&M Area Community Foundation has developed their Future Fund, which establishes a long-term savings account for students enrolling in Kindergarten in every school district throughout Marinette and Menominee County. The program began this year and each Future Fund is opened with a $50 deposit from the MMACF. Executive Director Paula Gryszynski says it’s a new concept in this region, but one that’s statistically proven to boost student success.
The Future Fund is still in its early stages and Gruszynski says they’ve got a lot of growing to do. In 13 years, they need to have at least a million dollars available. But, Gruszynski is optimistic and says the project is about building hope in the community.
The Future Fund isn’t just providing students a little seed money for their future- it also aims to incorporate financial education into classrooms and help schools create a culture of savings and improve financial literacy.