The Harlem Children's Zone is raising $300 million for Wealth Builds to provide $10,000 each to 2,200 students in Upper Manhattan and expand to 10 other cities.
The $10,000 allotted to students will be managed by professionals, potentially growing to $26,000 by age 25, aiming to address the racial wealth gap.
Preference for admission to Promise Academy, where the initiative is launched, is given to the local lower-income district, focusing on addressing disparities in wealth.
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