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Carroll Investment Club founders Ethan and Noah Kann are seen pictured with Mark Gilbert, the CEO of the Chamber of Commerce, and Ryan Peabody, the CEO of the Ryan Peabody Law Firm.
At Carroll Senior High School, there’s a new club on the block. Brothers Noah and Ethan Kann along with Shivang Jain, Colin Scruggs and Sanjay Shori have started the Carroll Investment Club, aiming to teach students about finance and increase financial literacy.
“We’re really just trying to make sure that people have the opportunity to look into something that maybe they wouldn’t have before because they don’t have the kind of resources we do in Southlake,” Noah says. “We’re really trying to create an atmosphere for people to have a chance to explore new opportunities, meet new people and win a scholarship or two.”
With a goal of increasing financial literacy, the Carroll Investment Club has raised around $10,000 for a scholarship program, is working to secure guest speakers like Mimi Tran and is preparing for a presentation at the January 5 city council meeting.
Beginning with their scholarship program, the students created a pitch and met with local businesses to raise money.
“We don’t want to be similar to a traditional scholarship,” Shivang says. “We want to allow our members and allow people who apply to our scholarship to use it to start a small business or apply to business school.”
Reaching their initial goal of $10,000, the students are continuing to raise money for their scholarship program.
The drive of the students isn’t just attracting the support of local businesses. Place 2 city councilperson Shawn McCaskill is supporting the Carroll Investment Club and helped get them on the agenda for the January 5 city council meeting.
“Mr. McCaskill has been very, very generous in offering his support of us and we’re very appreciative,” Noah says. “Having [the] support of people like him is incredibly important.”
Beyond their scholarship program, the students are planning a curriculum revolving around financial literacy for their members.
“Financial literacy is very nuanced and very compartmentalized,” Sanjay says. “So we want to focus on a few key parts of finance and business that we think are the most beneficial. The first is going to be the stock market, second is about geocommerce, third [is] investment banking, fourth [is] private equity and the last one is really about going beyond the business side. It’s about fostering connections with business people and communities.”
To learn more about the Carroll Investment Club, visit their website at CSHSInvest.com.
“I know it’s financial literacy in Carroll, but we want to help all communities,” Noah says. “That’s what’s really important to us and so it begins at home, it begins with Southlake and it begins with Carroll, because that’s where we live and this is where we call our home.”