Scholarship Program Designed to Heighten Awareness of Personal Fiscal Responsibility
Giving back to the community in many ways is something we value as a firm and individuals. Programs rooted in financial literacy or supporting deserving students' future are causes the Allegiant Private Advisors team passionately supports therefore we have enjoyed the distinct privilege of awarding an annual scholarship for the past 23 years.
This year's recipient of our firm's $2,500 scholarship is Alex Douglas, grandson of an Allegiant client.
A 2020 graduate of Pine View School in Osprey, Florida, Alex will be attending Vanderbilt University to pursue a degree in computer science this fall. His application was selected as most deserving based on his academic record including transcript records and curriculum difficulty, community service, extracurricular activities, work experience, and an original essay about financial independence.
As part of the application process, Alex's essay explored the question "What is personal financial responsibility?" Here is an excerpt of what he shared:
"I thought for a while that I wanted to be an academic, a professor or the like. I thought that this would be the way for me to fulfill my all-encompassing goal of making a positive impact on the world. More recently, though, I've become interested in the idea of effective altruism—how one can best use their time to help others. Volunteering seems like it must be the best choice but using personal financial responsibility to put yourself in a position to be able to donate money is often more helpful. Having money helps one help others and even oneself. Realizing the importance of money is central to understanding the need for personal financial responsibility… Personal financial responsibility is understanding the value and importance of money. It's knowing that money, or a lack thereof, can hold one back and one must plan to ensure that that doesn't happen. Personal financial responsibility is necessary to live a financially secure life."
We wish Alex, all scholarship applicants, and 2020 graduates the greatest of success as they move forward to create a future focused on their own financial independence.