At Magnetar Capital, we believe it is important to give back, especially to the communities in which we live and work. The Magnetar Capital Foundation is focused on improving quality of life in the communities in which Magnetar employees live and work. We give both financially and of our time.
The principal activity of the Magnetar Capital Foundation is to operate the Magnetar Youth Investment Academy, a hands-on, innovative financial literacy program for high school students. Founded in the fall of 2011, the Academy is currently in operation in more than 20 locations throughout Chicago.
Students receive more than 40 hours of in-class instruction and practical learning in a wide variety of subject areas including:
- Financial Responsibility and Decision Making
- Financial Planning and Money Management
- Risk Management and Insurance
- Credit and Debt
- Saving and Investing
Each class offers students the chance to learn timely life lessons about personal finance that they can put to use immediately. Teachers, who are compensated by the Magnetar Capital Foundation for teaching the program, enjoy the curriculum as well: it is turn-key and designed to capture the imagination of students.
At the end of the course, students are invited to compete in a year-long Magnetar Stock Market Portfolio Competition, which awards a partial college scholarship to each high school’s winner.
Additionally, all graduates of the Magnetar Academy receive a gift certificate for $100 to open a custodial investment account, as well as educational sessions for students and their guardians about how the account works.
As of today, more than 300 high school students have graduated from or are currently attending Magnetar Academy programs.