Sootchy Charitable Foundation

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Sootchy Charitable Foundation At Sootchy, we are driven by a steadfast mission to eradicate long-term poverty in America.

Our unwavering commitment is centered on empowering underserved and underrepresented American families by forging connections to access and opportunities that were previously hidden from view. We believe that by breaking down barriers and illuminating pathways, we can create a brighter, more equitable future for all, where every family has the chance to thrive and realize their full potential.

10/01/2026

A first budget is simpler than it sounds: add up what comes in, subtract what's fixed, subtract what varies, and look at what's left. Then send that leftover to savings before anything else gets to it. That last step is the difference between tracking your money and actually keeping some.

09/30/2026

Needs versus wants sounds simple until you look closely. A $600 car payment and a $250 one meet the exact same need — the difference is a want hiding inside it. Same with dinner: eating is a need, the $15 bowl is mostly a want. The point was never to cut every want. It's to see clearly which part is which, then choose. A starting split: 50% needs, 30% wants, 20% saving and debt.

09/29/2026

Strip away the complexity and money is simple: you trade time and skills for it, and then it flows to one of three places — what you need, what you want, or what you save and invest. Spending everything is a closed loop, money in and money out. Putting some of it to work is the only branch that grows.

09/24/2026

Some of the best financial education in the country is happening inside school buildings, run by people who didn't wait for a curriculum. 🏦

Phillip Carlock, now Interim Superintendent of the Pine Bluff School District, showed our CEO and founder David Adefeso around a program where students deposit real money into a school bank and get matched in school coins — $1 or $100, whatever they put in. Then they spend it in the building: the barbershop, the store, the theater.

The kids sort out need versus want on their own, because they're making the calls with something that feels real to them.

As Superintendent Carlock put it, the goal is to stop a generation of poverty. Not describe it. Stop it.

09/22/2026

🌟 Every child's dreams deserve a chance to shine! 🌟
Education - whether formal or informal - is the key to unlocking those dreams. Let's invest in our kids' futures, enrich their minds, and watch them achieve incredible things. 💡 💼🎓

09/11/2026

There's a question worth asking about college aid: where does it actually end up?

The federal government and philanthropies put roughly $140 billion a year into higher education grants and scholarships for students who need help. In the Economic Mobility Leadership Institute discussion on financial literacy, our CEO and founder David Adefeso walked through what happens to that money.

For every additional dollar of government aid, colleges raise tuition by about 60 cents and reduce their own institutional aid by about 25 cents. Most of the help is absorbed before it reaches the student. The family ends up close to where it started, while university endowments have grown to nearly $1 trillion.

That isn't a system malfunctioning. It's a system responding to a subsidy that nobody capped.

His alternative is worth hearing out: a four-year degree shouldn't be the only door. Apprenticeships and trade programs can out-earn some degrees, without the debt.

Watch the full session — free to attend, unlike the subject matter.

09/10/2026

Consider this your free enrollment. No tuition, no application fee, no thirty years of payments afterward. 💻

Our CEO and founder David Adefeso opened our speaker series with an argument worth sitting with: the education system isn't broken. It's operating as designed — and the design has always had winners and losers baked in.

Once you see it that way, the question changes from "how do we fix this?" to "who built it, and who does it serve?"

Press play. Class is in session.

09/04/2026

Most programs measure how many people they served. This one measured how many people got keys.

Six months: a family moved from unhoused to stable housing, and the children were set up with higher education funds. Stability today, plus a floor under tomorrow.

Sootchylearningexchange team member Stacie Fujii laid out the numbers, with MalikYoba and Mayor DeShawn Williams of Urbana, Illinois in the room. That's what real results sound like — short, specific, and hard to argue with. 🔑

09/03/2026

David Adefeso, our CEO and founder, shared the #1 secret to escaping poverty — and the honest thing about it is that it isn't a secret at all.

It's ownership. Income covers the month you're in. Ownership covers the ones you won't be there for.

The reason it feels hidden is that nobody's paid to tell you. There's no commission in "keep it simple, keep it consistent, own something." Which is exactly why we say it out loud. 📈

09/02/2026

"Bad credit" sounds like a character flaw. It isn't. It's a record of a season you were probably never taught to navigate.

Sootchylearningexchange team member Stacie Fujii walked through how to fix a past that's still costing you — and Mayor DeShawn Williams s of Urbana, Illinois, was right there taking it in, because a city full of people paying a penalty rate is a city leaving money on the table.

Your report is a receipt, not a verdict. Receipts can be disputed. 🧾

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Novi, MI

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