Jayson Tatum is reflecting on how growing up in a ‘single-parent household’ affected his view on financial security

The ‘Single-Parent Household’ background that Jayson Tatum recalled as a child served as the inspiration for his exclusive SoFi partnership.

A bank and NBA player jointly declared the establishment of the SoFi Generational Wealth Fund, a $1 million bequest established to “enable family-sustaining wealth and advance financial literacy” earlier this month.

Jayson Tatum reflects on the impact that his upbringing in a “single-parent household” had on his perspective regarding financial security.

In his announcement of his partnership with SoFi, the NBA’s official new banking partner, the 25-year-old Boston Celtics star expressed gratitude to PEOPLE for the opportunity to assist families in his birthplace of St. Louis, Missouri, whether or not they are single parents.

Tatum states, “I’m fortunate to be able to assist others from St. Louis, particularly single-parent households like the one in which my mother raised me.” He further explains that his “beliefs and principles” regarding financial education “are congruent” with those of SoFi.

The SoFi Generational Wealth Fund, a $1 million donation from SoFi to “promote financial literacy and create family-sustaining wealth,” was jointly announced by Tatum and the bank earlier this month, according to a press release.

The Fund will support the NBA star’s S.M.A.R.T Project, an initiative administered by the Jayson Tatum Foundation that facilitates single parents in navigating parenthood, education, and financial wellness. More precisely, the endeavor will facilitate the expansion of homeownership prospects for families that participate.