“Philanthropy is commendable, but it must not cause the philanthropist to overlook the circumstances of economic injustice which make philanthropy necessary.”1
On January 16, America celebrates the legacy of Reverend Dr. Martin Luther King, Jr. In addition to his well-known civil rights activism, Dr. King was a proponent of financial literacy, identifying financial independence as a source of freedom. He believed that social inequality was driven by poverty, and he encouraged his audiences to bolster their aspirations with sound economic principles: understanding debt, spending wisely, and not competing with one’s neighbors through excessive materialism.
The Moneta Charitable Foundation focuses on financial literacy and economic access, in alignment with Dr. King’s advocacy. Our team members volunteer in classrooms and partner with nonprofits that teach healthy money habits, supporting practices that will last a lifetime.
Moneta thanks our clients for their ongoing philanthropic and community investments, and we will continue to actively support financial education and asset-building to support our neighbors in the St. Louis area and beyond.
1 Strength to Love, 1963
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