Boston’s Newest College Scholarship Fund
Every Dollar Donated Goes Directly To The Students Who Complete The Program
Here at the Mary Ellen Wallace Foundation, our mission is to continue to fill in the gaps for the knowledge that is often times left out of the classroom and missed in our community. Financial literacy, taxes, investments, and a growth mindset are some of the main topics we focus on.
We offer an 8 course workshop to help educate our youth on topics that aren’t generally covered in the classroom. This allows out students to be better prepared for the future, while earning themselves college scholarship.
8 courses to help prepare our students for college
The sole purpose of the Mary Ellen Wallace Foundation is to pass along of useful “life knowledge” to young adults getting ready to leave the nest. All of the students that complete the 8 part workshop, will at a minimum receive a scholarship to cover their college required materials.
How to qualify for a MEW Scholarship
In order to qualify for the MEW Scholarship you must complete the 8 workshops, live in Boston, and provide a letter of recommendation
Our workshop
Week 1
We will discuss the importance of attending the classes, why we are meeting, what the expectations are, hand out first book – Rich Dad Poor Dad
Week 2
College application help. Group discussions on majors, top schools, what target GPAs should be, in state verse out of state, state school vs private, other scholarship opportunities. Talk about student loans, taking summer classes at community college to save money if they can transfer credits. Work on Resume.
Week 3
We will dive into financial literacy. Talk about how to save money, what kind of savings accounts, investment accounts (ROTH, 401K, Mutual Funds, Stocks etc.). The importance of compound interest, paying yourself first.
Week 4
We will finalize resumes, discuss job applications/ internships and discuss taxes and how to file a tax return. How to fill out the W4, what you need when you go to file your tax return. If you are an entrepreneur or have a side hustle how do you file (pros and cons).
Week 5
We will hear from a career coach. Explore different career paths. We will also talk about mental health and different ways our community can heal from trauma. We will introduce the second book, “The Secret”.
Week 6
Credit education. What is credit? How do you build credit? Why are we scared of credit? How can we build our credit score? How to be responsible with credit. We will also go over the importance of a budget
Week 7
Value of ownership. Own verse Rent. BRRR strategy/ house hack. Long term wealth. Stats on ownership and net worth.
Week 8
A group discussion on being black and brown in this country. A “graduation” celebration. A recap of the last 8 weeks.
Contact
Feel free to contact us with any questions.
Email
info@mewfoundation.com
Phone
(857) 829-2686