What We Do

Mission

The kasina Youth Foundation exists to :

  • Help improve the financial literacy of disadvantaged children
  • Engage for profits to give more than money

Values

Education:

  • We believe that making education fun is the most effective vehicle for successful learning
  • We value the potential for individuals to improve themselves
  • We value the themes of innovation, creativity, collaboration, and intellect

Impact:

  • We value serving the neediest individuals
  • We believe the most effective projects focus on understanding the unique needs of individuals and the distinct needs of their communities
  • We believe learning is a long-term, double-edged instrument for change – we want to help educate children, but at the same time we recognize that there is much we can learn from them and their communities
  • We believe that impact is measured both quantitatively and qualitatively

Propagation

  • We value breaking established cycles in two ways:
    • Breaking the cycle of dependency found in communities by helping members of the community to help themselves
    • Breaking the cycle of apathy found in for-profit organizations
  • We value the integration of public and private enterprises

Why Financial Literacy?

With national and personal debt out of control, it is increasingly important for young adults to understand the role that money plays in their lives. Most students have no exposure to the basic financial issues that will affect much of their adult lives. A few findings highlight the need:

  • Close to one third (31%) of those with low income are unbanked and 36% of those without a high school degree are unbanked. The unbanked are also disproportionately African American and Hispanic. As many as 28% of African Americans and 30% of Hispanics are unbanked. (Source: Americans' Financial Capability, 2010, Annamaria Lusardi, Dartmouth College and NBER)
  • Young Americans nationally were more likely to be less financially capable than older Americans, and they were significantly more likely to engage in non-bank borrowing. (Source: FINRA Investor Education Foundation's 2010 State-by-State Financial Capability Survey)