New Hip Hop Video Gives Unique Twist to Personal Finance Ed in Winning Entry for Boys & Girls Clubs of America and Charles

  New Hip Hop Video Gives Unique Twist to Personal Finance Ed in Winning Entry
  for Boys & Girls Clubs of America and Charles Schwab Foundation Contest

Song by 15-Year-Old Blake McGuire Produced as Music Video by Multi-Platinum
Music Producer Kevin “KHAO” Cates and Featured on First-Ever Financial
Literacy-Themed Album

Business Wire

SAN FRANCISCO -- April 10, 2013

For the second year in a row, Boys & Girls Club teens have shown that hip hop
beats lend themselves surprisingly well to themes about personal finance.
Blake McGuire, a 15-year-old member of the Boys & Girls Clubs of Indianapolis,
has won top honors in the second annual Money Matters Music Mogul (M4)
Contest, sponsored by Boys & Girls Clubs of America (BGCA) and Charles Schwab
Foundation, for his memorable and upbeat rap “Money All That Matters.”

Winner of the 2013 Money Matters Music Mogul contest Blake McGuire and
multi-platinum producer Kevin ...

Winner of the 2013 Money Matters Music Mogul contest Blake McGuire and
multi-platinum producer Kevin "KHAO" Cates (Photo: Business Wire)

The contest was designed to tap the talent and creativity of teens across the
U.S. to raise awareness of the importance of being smart about money, and to
spread the word about the financial education program Money Matters: Make It
Count^SM available through the 2,900 Boys & Girls Clubs across the country
that serve teens. In the call for entries, BGCA teens, ages 13-18, were
invited to submit song lyrics that would reflect themes from the Money Matters
curriculum and deliver a strong, positive message about financial fitness. The
songs were performed using one of several background beats provided by Grammy
Award-Nominated music producer and founder of the Bridge DA Gap Movement Kevin
“KHAO” Cates.

For his winning song, McGuire received a once-in-a-lifetime opportunity to
travel to Atlanta to professionally record his song with KHAO and create a
music video with other Boys & Girls Club teens. He will also receive a $1,000
scholarship and a matching grant for his Club from Charles Schwab Foundation,
and the other top four finalists will each receive a $500 scholarship.

First-ever financial literacy-themed hip hop album

A hip hop album featuring both last year’s and this year’s winning songs as
well as several other M4 finalists’ songs from teens around the country has
also been produced by KHAO.The album, called “M4: Money Matters Music
Mogul$,” is available for digital download at www.bgca.org/m4. All sales
proceeds will benefit the Boys & Girls Club teens featured on the album, going
to a special college scholarship fund.A limited number of CDs are also
available.

“Let’s face it, personal finance in itself may not seem all that interesting
to teens, so we’re always looking for fresh ways tolight a spark," said
Carrie Schwab-Pomerantz, president of Charles Schwab Foundation. “Wethought
hip hop was a genre they would find relevant,and the success of the contest
proved us right. I've been really impressed with theresults, and have to say
that I can’t get this year’swinningsong out of myhead!”

“For 10 years now, the Money Matters program has been teaching young people
the importance of making smart financial choices early on, and it continues to
be one of our most popular programs,” said BGCA President and CEO Jim Clark.
“It’s inspiring to see teens take an issue like financial literacy to a
creative place by producing songs to educate and entertain their peers. We are
extremely pleased to see the Money Matters Music Mogul morph into the
first-ever financial literacy hip hop album, providing a message with a beat
that appeals to teens everywhere.”

For his part, KHAO is committed to encouraging teens and developing their
talent. He says he’s continually impressed by their ability to deliver fresh,
compelling messages about gaining knowledge and coming up in the world.

“I had so much fun with the contest last year that the folks at BGCA and
Charles Schwab Foundation didn’t even have to invite me to do it again this
year,” said KHAO. “Their goals are so well aligned with what I do to help
today’s youth, and last year’s contest turned out to be such a hit that I just
assumed we’d do it again.”

McGuire himself has always had a passion for music. “I began turning poems
into raps when I was nine years old,” he said. “My feelings toward winning
this contest are indescribable. The Money Matters program is very important in
helping teens understand money. You can come into the program not knowing who
is on the front of a $20 bill and leave signing checks.”

The contest’s call for entries was made on November 8, 2012, and the
submission period concluded on December 28, 2012. Fifty-four teens submitted
songs, and more than 186,000 votes were cast on myclubmylife.com to choose a
“fan favorite” from among the top ten finalists. The final choice among the
top five finalists was made by KHAO, and it coincided with the fan favorite
selected by BGCA teens.

The other four finalists in this year’s M4 contest were:

  *“One Dream, One Shot” by James H. (16) and Brandon H. (15); Boys & Girls
    Club of Sarasota County, Lee Wetherington Unit
  *“All About My Money” by Christopher E. (15) and Erik B. (15); Boys & Girls
    Club of Pawtucket, Rhode Island
  *“No Time” by Marcos G. (17) and Johnny C. (15); Boys & Girls Club of Metro
    Atlanta, G.W. Carver Unit
  *“Finessin & Investin” by Victor N. (17) and Kendall C. (18); Boys & Girls
    Club of Indianapolis, Wheeler-Dowe Unit

Additional details about the contest, including photos, are available here:
www.bgca.org/media/Pages/default.aspx.

About Money Matters: Make It Count

Funded and co-created by Charles Schwab Foundation, Boys & Girls Clubs of
America’s Money Matters program is designed to promote money management skills
among teens, ages 13-18. The program consists of fun, interactive activities
and exercises on topics such as using a checking account, managing debt,
saving for college and learning the basics of investing. The program is
targeted primarily at teens from underserved communities.

Some 500,000 youth in over 1,700 teen Boys & Girls Clubs across the U.S. have
participated in Money Matters since it launched in mid-2004. In addition,
Charles Schwab Foundation has presented a cumulative total of $460,000 in
scholarships to 222 Club teens who completed Money Matters and demonstrated
exceptional financial skills from their newly acquired knowledge of personal
finance.

About Boys & Girls Clubs of America

For more than 100 years, Boys & Girls Clubs of America (GreatFutures.org) has
enabled young people most in need to achieve great futures as productive,
caring, responsible citizens. Today,more than4,000 Clubs servesome 4
million young people annuallythrough Club membership and community outreach.
Clubs are located in cities, towns, public housing and on Native American
lands throughout the country, and serve military families in BGCA-affiliated
Youth Centers on U.S. military installations worldwide. They provide a safe
place, caring adult mentors, fun, friendship, and high-impact youth
development programs on a daily basis during critical non-school hours.
Priority programs emphasize academic success, good character and citizenship,
and healthy lifestyles. In a Harris Survey of alumni, 57 percent said the Club
saved their lives. National headquarters are located in Atlanta. Learn more
atwww.bgca.org/facebookandbgca.org/twitter.

About Charles Schwab Foundation

Charles Schwab Foundation is a private, nonprofit organization funded by The
Charles Schwab Corporation. Its mission is to create positive change through
financial education, philanthropy, and volunteerism. More information is
available at www.aboutschwab.com/community. The Charles Schwab Foundation is
classified by the IRS as a charity under section 501(c)(3) of the Internal
Revenue Code. The Foundation is neither a part of Charles Schwab & Co., Inc.
(member SIPC) nor its parent company, The Charles Schwab Corporation.

About Bridge DA Gap

Bridge DA Gap, founded by multi-platinum music producer Kevin “KHAO” Cates, is
an educational initiative that uses music to communicate with youth in a
language they understand. Its components include a textbook, an accompanying
musical CD, video and a curriculum designed to help youth navigate through
many of today’s problems and challenges in order to build foundations, advance
dreams and transform their lives through character-building principles. More
information is available at www.bridgedagap.com.

Charles Schwab Foundation, Boys & Girls Clubs of America, and Bridge DA Gap
are unaffiliated entities. (0412-2664)

Photos/Multimedia Gallery Available:
http://www.businesswire.com/multimedia/home/20130410005343/en/

Multimedia
Available:http://www.businesswire.com/cgi-bin/mmg.cgi?eid=50606567&lang=en

Contact:

Charles Schwab
Sarah Bulgatz, 415-667-0328
sarah.bulgatz@schwab.com
or
Boys & Girls Clubs of America
Amy Lamparter, 404-487-5856
alamparter@bgca.org
 
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