Market Commentary

by Byron Wien

Blackstone is pleased to offer the following Market Commentary by Byron Wien to share his thinking on global economic developments, market insights and other factors that may influence investment opportunities and strategies.


Byron Wien is a Vice Chairman

Blackstone Charitable Foundation Announces New $50,000 Grant

by Ali Yousuf | Oct 01, 2012
Today, the Blackstone Charitable Foundation announced that it has approved a new $50,000 grant to Moneythink, a nonprofit that provides financial and entrepreneurship education through peer-mentorship to urban 11th-and-12th-graders in the United States. Its unique model uses customized curricula and college volunteers to make financial decision-making, career planning, and entrepreneurship practical, relevant, and fun for urban high school students entering the real world.

Today, the Blackstone Charitable Foundation announced that it has approved a new $50,000 grant to Moneythink, a nonprofit that provides financial and entrepreneurship education through peer-mentorship to urban 11th-and-12th-graders in the United States. Its unique model uses customized curricula and college volunteers to make financial decision-making, career planning, and entrepreneurship practical, relevant, and fun for urban high school students entering the real world.  

Moneythink plans to use the new Blackstone grant to transform its current student-run model in Chicago into a professional model, which will eventually be replicated to the other student-run chapters across the nation. This transformation will be defined in large part by an expansion from seven to thirty inner-city classrooms across the city of Chicago and five new university-based volunteer chapters. In addition to helping the organization establish professional operations in Chicago, the grant will support upgrades in Moneythink’s educational methods, including a more formal curriculum and a stronger volunteer-training system.

The Blackstone Charitable Foundation supports Moneythink’s mission to empower urban youth to build a better future by combining peer-mentorship with financial and entrepreneurship education. Prior to June 2012, with little funds and run entirely by students, Moneythink had trained over 300 college volunteers and mentored over 3000 inner-city youth in 18 cities across the US. It is our hope that with the support of the Blackstone Charitable Foundation, Moneythink will have a deeper regional impact and give students a greater pathway to prosperity.   The Foundation looks forward to continuing to reinforce its commitment to entrepreneurship and job growth by working alongside innovative programs such as Moneythink.