In 2022, Hampton University, a historically Black university in Virginia, partnered with Stackwell, a Black-owned financial technology company, to create the Hampton Investment Program. After two years of a successful partnership, Hampton University and Stackwell have recently announced plans to expand their program, offering new investment opportunities for both students and the local Hampton community.
The Hampton Investment Program was founded to promote financial literacy among diverse Americans. Participating students are provided with a free investment account, as well as educational opportunities to learn about financial well-being and how to build generational wealth. For the past two years, students have been provided with $25 in seed funding.
As part of the program’s recent expansion, students will now be given $150 in investment funding. In addition to students from all class years, the Hampton Investment Program is now available to faculty, staff, alumni, parents, and local Hampton residents. Stackwell has pledged to waive investment account fees for up to 800 Hampton community members.
To coincide with their new investment opportunities, Stackwell has invited students and the Hampton community to participate in the Stackwell Learning Center, an in-app investment education tool, covering topics such as saving, credit management, and goal-setting. Stackwell will also host on-campus financial workshops.
“At Hampton University, we’re deeply committed to empowering our students and the broader community through financial education and investment opportunities. The expansion of the Hampton Investment Program, in partnership with Stackwell, represents a significant step forward in our mission to promote financial wellness and generational wealth,” said Hampton University President Darrell K. Williams. “By providing increased access to investment resources and education, we are not only equipping our students with essential financial skills but also fostering a culture of financial empowerment that will benefit our entire community for years to come.”
