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 …
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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.