This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Foster Kids "age Out" Without A Financial Education

How Opportunity Passport gives kids a leg up

Opportunity Passport, launched by the Jim Casey Youth Opportunities Initiative, provides personal finance classes for young people who were in foster care after the age of 14.





Total Assets Purchased with Matched Funds in the Opportunity Passport program, as of October 2011

Participants also receive a personal bank account and an individual development account (IDA). Money saved through Opportunity Passport is matched dollar-for-dollar in their IDA, up to $1,000 each year. The money can be used for approved assets, such as education expenses, housing costs, and health care. Participants can remain in the program until age 24.

Since Opportunity Passport launched in 2002, it has helped nearly 5,000 young people like Eddye collectively save more than $6 million.

Christine, who's a consultant with the Jim Casey Youth Opportunities Initiative and an Opportunity Passport trainer, says the key to the program's success has been partnerships and involvement from participants like Eddye, who's now serving as president of her state's youth advisory board. “The solution has to be bigger than child welfare,” says Christine. “Child welfare can't do it all, even though we expect them to do it all.”

Christine says their next goal is to expand from 15 states to 25 states, so that “half the country is implementing the Opportunity Passport model”.

Considering that even top-rated high schools don't provide a personal finance education, it's pretty amazing that this program is successfully providing one for kids in foster care. If you want to learn more about the program or how you can help, check out the Jim Casey Youth Opportunities Initiative website.

null
4 of 4

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 16,919.59 +80.85 0.48%
S&P 500 1,981.60 +9.86 0.50%
NASDAQ 4,527.5140 +19.2020 0.43%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs