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Financial Tip

A Stand for Charity
Children and young adults can get a sense of how the franchise process works, and raise money for a good cause, by opening a lemonade stand. Through Alex's Lemonade Stand Foundation, families can help fight childhood cancer, one cup at a time.

When you register a lemonade stand at alexslemonade.org, the Foundation - like a franchisor would - provides you just about everything you need to conduct your fundraising event. Some of the items you'll receive include a fundraising kit with a "How to" booklet, promotional banners and signs and materials regarding childhood cancer. In addition, the Foundation will list your stand on its website and create a personal fundraising webpage for you.

Alexandra "Alex" Scott (1996-2004) is the inspiration behind Alex's Lemonade Stand Foundation. She was diagnosed with Neuroblastoma, a rare form of childhood cancer, before her first birthday. At the age of 4, Alex announced that she wanted to hold a lemonade stand to raise money to help find a cure for all children with cancer. Since Alex held that first stand, the Foundation bearing her name has evolved into a national fundraising movement. To date, Alex's Lemonade Stand Foundation, a registered 501(c)3 charity, has raised more than $60 million toward fulfilling Alex's dream of finding a cure, funding over 300 research projects nationally.

Introducing the MoneyClips eNews Center

New Resource Available for High School Journalism Students

The FINRA Investor Education Foundation recently highlighted the need for enhanced financial literacy in its State-by-State Financial Capability Survey, released in 2010. The survey found that on average, Missourians answered 3.1 out of five financial literacy questions correctly. Kansans answered three out of the five questions correctly. Financial education is key to increasing these scores.

To help young adults get on the path to financial independence, Yes, You Can - financial education from American Century Investments, recently launched the MoneyClips eNews Center. MoneyClips provides students with news releases they can use as a guide for crafting their own stories to be broadcast, published or otherwise shared with their classmates.

MoneyClips offers real-world, hands-on journalism experience combined with financial knowledge for articles and broadcasts that share relevant information students can use today and tomorrow as they begin their adult lives. Each release comes with interviewer tips and sample questions. Monthly emails direct students to a timely featured topic or, students can choose an article from the archived releases. Topics cover earning, saving, investing and spending.

"In this age of social networking, young adults are increasingly influenced by the recommendations of their peers," said Scott Oberkrom, Director of Community Investments for American Century Investments and head of Yes, You Can. "MoneyClips gives students the opportunity to gain journalism experience through the use of real-world news releases, and in the process share with their classmates important financial lessons. We're proud to offer MoneyClips as a compliment to the educator and parent resources available through Yes, You Can."

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