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Vincent U. Cornwall Legacy Scholarship

Funded by
1 winner$500
Application Deadline
Aug 29, 2023
Winners Announced
Sep 29, 2023
Education Level
Recent scholarship winners
Eligibility Requirements
Non-profit or volunteering experience
Education Level:
High school senior, undergraduate, or trade/ vocational student
Field of Study:
Economics, Finance or Accounting
Black, Caribbean American or African American

When families are provided with the tools they need to create generational wealth, cycles of poverty can be broken.

For a variety of reasons, children who are born into low-income homes often remain in the low income bracket into adulthood as well. Due to a combination of underfunded grade schools, fewer extracurricular opportunities, the need to work while in school, and less financial freedom when choosing a college, students born into poverty often continue to struggle, creating a cycle of intergenerational poverty that predominantly affects Black students and students of other underrepresented minority groups. 

This scholarship aims to support students who are committed to providing financial literacy to their communities. 

Any Black, Caribbean American or African American high school senior, two or four-year undergraduate or trade/vocational student who has non-profit or volunteering experience and is studying economics, finance or accounting may apply for this scholarship.

To apply, tell us how you plan to educate your community about financial literacy.

Selection Criteria:
Educate, Community, Opportunity
Published January 31, 2023
Essay Topic

How do you plan on educating your community about financial literacy?

400–600 words

Winning Application

Orlando Oselmo
Fairleigh Dickinson University-Metropolitan CampusNew Haven, CT
Growing up as an 18-year-old African American male in the United States, I have witnessed firsthand the disparities in financial literacy within my community. Inspired by a personal experience that highlighted the importance of financial knowledge, I am determined to take proactive steps in educating my community about financial literacy to foster empowerment and economic resilience. As a relevant personal story, I recall a moment when my family faced unexpected financial challenges that left us feeling overwhelmed and uncertain about the future. My parents, who always worked hard to provide for our family, encountered a series of setbacks that affected our financial stability. It was during this difficult time that I realized the significance of financial literacy and its potential to empower individuals and families to make informed decisions about money management, savings, and investments. In addressing the prompt, my comprehensive plan to educate my community about financial literacy centers around three key initiatives: Firstly, I aim to collaborate with local schools and community centers to implement financial literacy workshops. These workshops will target students in various grade levels, equipping them with essential financial skills from an early age. By engaging with young students and their families, we can instill a strong foundation of financial knowledge, preparing them for a more secure financial future. These workshops will cover a range of topics, including budgeting, saving, investing, and understanding credit. Moreover, we will emphasize the importance of setting financial goals and the potential long-term benefits of responsible financial decisions. Through interactive activities and real-life examples, we aim to make financial education engaging and relatable to the everyday lives of our community members. Secondly, I plan to leverage technology and social media platforms to create engaging and accessible content on financial literacy topics. In today's digital age, online platforms have the power to reach a broader audience. By utilizing interactive videos, infographics, and educational posts, we can disseminate valuable financial information in a manner that resonates with the tech-savvy generations. Through social media campaigns, we will encourage discussions about financial literacy, inviting community members to share their thoughts and questions. By fostering an online community centered around financial education, we aim to create a supportive space where individuals can learn from one another's experiences and access valuable resources. Lastly, recognizing the power of storytelling, I intend to organize community events where individuals from diverse backgrounds share their financial journeys and lessons learned. These events will provide a platform for community members to discuss their financial triumphs and challenges openly. Creating a safe space for dialogue will not only build empathy but also enable us to learn from one another's experiences and collectively empower our community towards financial well-being. These storytelling events will feature guest speakers, including local entrepreneurs, finance professionals, and individuals who have achieved financial success through perseverance and smart decision-making. By highlighting diverse perspectives and experiences, we can break the stigma surrounding financial discussions and encourage active participation in financial planning. In conclusion, as an 18-year-old African American male, I am determined to make a meaningful impact on my community by promoting financial literacy. Guided by a personal experience that emphasized its significance, I plan to utilize workshops, digital content, and storytelling events to foster empowerment and economic resilience. By equipping individuals with the tools they need to make informed financial decisions, we can pave the way for a more financially educated and empowered community. Through collaborative efforts and an unwavering commitment to financial education, I am optimistic that my community will flourish with newfound knowledge and a greater sense of financial well-being.


When is the scholarship application deadline?

The application deadline is Aug 29, 2023. Winners will be announced on Sep 29, 2023.

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