Our Mission
The Generational Wealth Foundation’s mission is to foster wealth principles among socio -economically diverse populations, drive wealth accumulation, and reduce the wealth gap
Overview
The Generational Wealth Foundation is a 501c3 nonprofit organization, headquartered in Atlanta, GA, which uniquely offers a holistic approach to supporting wealth generation, through financial literacy programming coupled with lifestyle skill development among youth and adults. All-inclusive programming provides fiscal, philosophical, artistic, academic, athletic, social, civic and cultural principles implemented by the ultra-successful, all housed within one program.
The program will roll out initially in Atlanta, GA, however, look out for roll out in a city near you! The vision is global!
Why Is Our Mission Critical? The Racial Wealth Disparity
Wealth (or net worth) is defined as an individual or family’s combined assets minus their debt. Currently, the median net worth of Black and Latino families stands at just $11,000 (8.2%) and $14,000 (10.4%), respectively – compared to the $134,000 of White families. When consumer durable goods (such as automobiles, electronics, and furniture) are removed, median wealth for Black and Latino families drops to $1,700 (1.5%) and $2,000 (1.7%), respectively, compared to $116,800 for White households.
The Magnitude and Impact of The Racial Wealth Disparity
Statistics above were derived from a 2017 study by ‘The Institute for Policy Studies’ and ‘Prosperity Now.’
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