The Destiny Project began with a $20,000 simulated scholarship competition on the Rapunzl mobile app in Chicago, April 2018, to celebrate Financial Literacy Month, sponsored by Ariel Investments.
High schoolers participated in the Chicagoland competition & over 50 students became fractional shareholders.
Our program's namesake, Destiny Davis, won a $5,000 scholarship to help attend Northeastern Illinois University.
Roughly 8% of CPS students drop-out ever year, so it was unsurprising Destiny had dropped out in 6th grade.
What happened next, was unexpected.
Destiny visited Chicago Public Libraries for 4 years before being accepted at West Town Academy on Chicago's West Side.
Destiny had never learned about investing. Over the course of the month, she was inspired by the concept of ownership and build a portfolio which soared 27% in April.
Destiny shows us that talent is ubiquitous: we need to provide students with the tools & guidance to unlock it.
Total scholarships distributed through Rapunzl hosted, scholarship competitions.
Since April, 2018, Rapunzl grew their reach & hosted competitions in Los Angeles, New York City, and between 11 Northeast Liberal Arts Colleges. Rapunzl also developed custom curriculum for several high school education programs & hosted professional development workshops with Chicago-area teachers.
Number of students that have participated in scholarship competitions, as of June 1, 2020.
The Destiny Project leverages Rapunzl's proven success with simulated investing competitions to provide free, citywide scholarship opportunities to low-income, college-bound seniors. Top students are selected for a rigorous 14-week program teaching practical financial skills & offering necessary professional development to prepare students for internships in Financial Services.
Throughout this time, we pair students with mentors of color in financial services to begin fostering long-term relationships and seeking internship opportunities.
Only with deliberate and sustained action, can we break the invisible color barriers blocking Wall Street.