October 1, 2022

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Newport organizations benefit from financial savvy of Salve students

NEWPORT — With donations doled out to local organizations and investment savvy gained, a project undertaken by Salve Regina University students paid dividends beyond the classroom.

A student-managed investment fund yielded hearty earnings, and the students in Samuel Sacco’s Investment Planning class opted to donate some of the funds to the Dr. Martin Luther King Jr. Community Center and Boys & Girls Clubs of Newport County over the holiday season.

“I learned that if the opportunity exists to give back to the community it is important to utilize that opportunity and make it great,” said Tori Bickel, a senior studying business administration with an economics minor.

Bickel participated in the project, which also benefited Boston Children’s Hospital and Year Up Rhode Island, a nonprofit that supports young adults in the professional sphere.

A total of $15,000 was donated and divided among the four organizations. The MLK Center received $5,600 to fund Thanksgiving and Christmas meals for families in need. Another $4,400 went to the Boys and Girls Clubs of Newport County to fund under-pressure after-school programs for children. And $4,000 went to specific funds at Boston Children’s Hospital and $1,000 to Year Up Rhode Island.