The Race For Education, a Lexington, Ky.-based non-profit, was recognized by The White House Office of Faith-Based and Community Initiatives, along with the President’s Council on Financial Literacy, among a small group of “innovative and effective programs and partnerships that promote financial literacy among Americans of all ages.”
Elisabeth Jensen, executive vice president of The Race For Education, was asked to represent the organization at the Compassion in Action Roundtable held June 18 at The White House.
The organizations invited to attend the roundtable were recognized by the OFBCI for “providing education on financial literacy that equips individuals with the tools they need to avoid the pitfalls of consumer debt, predatory lending and other traps, while succeeding in areas such as home ownership, budgeting, and credit repair.”
The Race For Education requires all its scholarship recipients to complete an online financial literacy course designed specifically for college-age students. The organization receives a federal grant from the Health and Human Services Department that provides an additional $4,000 in scholarship money for each student that participates.
The Race For Education enables children of low-income equine industry families, as well as children who want to pursue an equine-related career, to obtain a college degree by providing tuition support; financial literacy training to help students minimize their debt load; mentoring services to provide students with emotional support; and assistance in finding career-related internships during college and permanent jobs upon graduation. Since 2002, The Race For Education has awarded more than $2 million in multi-year scholarships to young people throughout the United States.