Power Book II” Actor Michael Rainey Jr. Leads $2.4M Financial Literacy Program

Kimberly Wilson, Essence

Power Book II: Ghost may be over, but Michael Rainey Jr. is proving his star power extends beyond Hollywood. 

With a deep commitment to his Staten Island roots, Rainey has donated $600,000 to kickstart a financial literacy initiative that aims to empower local high school students with the knowledge and tools to build financial security and generational wealth. His generosity serves as the foundation for a program that will bring life-changing financial education to Staten Island youth.

The initiative, valued at $2.4 million, is a collaborative effort between Rainey, the Restoring America through Recovery Education (R.A.R.E.) Foundation, and Equifax. While Rainey’s $600,000 contribution provides the crucial funding to launch and sustain the program, the remaining value comes from in-kind contributions. Equifax is providing students and their families with credit monitoring, identity theft protection, and educational tools, while R.A.R.E. supplies financial literacy materials and the infrastructure to deliver the program across three Staten Island high schools.

To read more about the literacy program, click here.

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