How to Invest in a Kid's Future: Buy Shares

Ruth Walker, writer of The Christian Science Monitor, The Christian Science Monitor

Any youth group can sell candy.

The Boys' and Girls' Clubs of Edmonton took a different approach to fund-raising this year: They sold shares in the futures of the kids themselves.

For $1,500, payable in three $500 installments over three years, Edmontonians looking to donate creatively could buy a "Class A share" on the club's "Futures Exchange." The immediate reward is a receipt for tax purposes. But there is a longer-term payoff too - for both the investors and the young people. "By the time we turn 35, they get 1 percent of our gross income," says teen Carmen Miller, who met her "shareholder" at a recent luncheon organized by the clubs. "We thought it was a …

Questia, a part of Gale, Cengage Learning. www.questia.com
Publication information: Article title: How to Invest in a Kid's Future: Buy Shares. Contributors: Ruth Walker, writer of The Christian Science Monitor - Author. Newspaper title: The Christian Science Monitor. Publication date: April 2, 1999. Page number: 1. © 2009 The Christian Science Publishing Society. Provided by ProQuest LLC. All Rights Reserved.

This material is protected by copyright and, with the exception of fair use, may not be further copied, distributed or transmitted in any form or by any means.