Mayor Proclaims 'Durham Kids Save Day,' Presents Big Check to Young Saver
Earlier this summer, Durham Mayor William V. Bell proclaimed June 19 as “Durham Kids Save Day" as part of a presentation at City Hall. Durham Kids Save, a 1:1 Fund partner based in Durham, NC, helps low-income children save for college by providing all incoming kindergarten students at Y.E. Smith Elementary School with a savings account and an initial deposit of $100. Savers' contributions are matched dollar-for-dollar up to $100 per year of elementary school. As part of the ceremony at City Hall, Mayor Bill Bell, City Council Member Steve Schewel, East Durham Children’s Initiative President and CEO David Reese, and BB&T Market President and Senior Vice President, Earl Tye presented Mirna Ochoa and her daughter with a $500 grand prize for winning a drawing of participating savers.
In 2016, Durham Kids Save raised over $20,500 through the partnership with the 1:1 Fund, and the program has enrolled 165 students in its first two years. In addition, kindergarten and first-grade students participated in educational events about CSAs throughout the year and deposited money into their accounts at a local credit union to build familiarity with financial institutions.