NEW YORK–(BUSINESS WIRE)–Colbeck Capital Management, a leading middle-market private credit manager focused on strategic lending, is proud to support Cents Ability, a non-profit organization whose mission is to promote financial literacy. Focused on teens and high school students by teaching them how to achieve their goals through responsible financial management, Cents Ability programs rely heavily on donations and supporters. All proceeds are dedicated to helping the next generation of teens learn about finance through literacy programs.
The Cents Ability program is unique in that it is developed in accordance with the National Endowment for Financial Education and is delivered by volunteers who seek to give back to their communities. Teachers go through rigorous training sessions and are encouraged to participate even if they have little time and resources to give. Underserved communities can greatly benefit from programs that help educate teens on best practices in financial management.
The need for financial literacy is more pressing than some imagine, but Cents Ability has collected a wealth of data in support of its mission and underlying challenges. Aimed primarily at teenagers, the data collected in the pre-workshop questionnaires paints a bleak picture of the state of education on financial topics. The majority of teens (54%) say financial or money topics are never or rarely brought up in conversations with family. And 60% of sites that host Cents Ability events note that the program materials cover topics that are otherwise excluded from standard curricula, showing that Cents Ability fills a vital gap in education.
All workshops are led by volunteers representing a variety of industries, including accounting, finance, and education. The workshops are designed to take place in different schools and community centers to make them as accessible as possible to the student population. All programs are offered completely free of charge thanks to the generous support and contributions of partners and in-kind donations.
About Colbeck Capital Management
Colbeck Capital Management is a leading middle-market private credit manager focused on strategic lending. Colbeck partners with companies during times of transition, providing creative capital solutions. Colbeck sponsors its portfolio companies through ongoing engagement with management teams in areas such as finance, capital markets and growth strategies, distinguishing itself from traditional lenders. Founded in 2009 by Jason Colodne and Jason Beckman, the executives have extensive experience investing through market cycles at top tier institutions such as Goldman Sachs and Morgan Stanley.
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