SAVANNAH, Ga. (WSAV)- It’s never too early to start saving for your future, especially if that includes going to college. That was the thought in mind when the 100 Black Men of Savannah helped 52 young men, ranging in grades 3rd thru 5th, establish college savings accounts. This all took place January 26-28, at the Carver State Bank where students and parents agreed that the funds being placed in the accounts would be air-marked strictly for funding college and couldn’t be withdrawn for any other reason. However, money can be added to the accounts at any time by anyone.
With the help of the Savannah Downtown Rotary, the students received matching funds to be deposited into their accounts equal to initial deposits with a max of $100. President of the Rotary, Rich Monroe, Carver State Bank President, Bob James, and members of “100” were all there on the 26th to encourage the young men as they opened their accounts, according to a release sent by “100”. The “100” also went a step further with one member adding $50 to the account of each student. With that, many of the young men started out accounts with $250 (the student’s initial deposit of $100, the Rotary’s match of $100, and the $50).
The message was clear and strong, college is the plan for their futures.