New Futuro & Allstate Partner to Help 10,000 Latinos Get a College Education

Allstate Insurance Company joins local program to create stronger community through higher education

New Futuro, a Chicago-based startup, and Allstate Insurance Company have announced a new partnership dedicated to helping Latino families get their students into college and beyond.  In addition, New Futuro has partnered with other non-profits, education institutions and corporate citizens to ensure the success of the program, which was announced this morning at the National Museum of Mexican Art.

According to U.S. Census Bureau projections, by 2020 nearly 36 percent of the population in the United States under the age of 19 will be Latino,* making Latinos the largest, fastest-growing segment in the country.

“We know from extensive research that the Latino community, with more than 400,000 Hispanic households in Chicago alone, can benefit from the information, resources and social capital necessary to chart a path toward a college education,” said Peter Wilkins, co-founder and CEO of New Futuro.  “We believe that by providing access and outreach to working class Latino families, New Futuro, Allstate and our partner organizations will increase the chances that Latino students achieve not only their collegiate dreams but their professional aspirations as well.”

As the title sponsor, Allstate has enabled New Futuro to launch this innovative program and will be awarding nearly $15,000 in scholarships to participating students at a series of free, college-prep workshops that will culminate with a major education summit at the UIC Forum, 725 W. Roosevelt Rd., on November 12, 2011. New Futuro and Allstate estimate these events will attract more than 10,000 Latino parents and students from throughout Chicagoland.  A dedicated website at www.NewFuturo.com will contain information on the dates and locations of all events, as well as useful bilingual information and resources about preparing, applying to and paying for college and other post-secondary alternatives.

In addition to Allstate, New Futuro is working with other strategic partners to collaborate on a variety of initiatives that will help Latino families and students prepare to enter to college. That list includes prominent national and local organizations such as the White House Initiative on Educational Excellence for Hispanics, Hispanic Association of Colleges and Universities, National Council of La Raza, Illinois Student Assistance Commission (ISAC), Teach For America and others.

For more information on New Futuro and upcoming events throughout Chicago, please visit www.NewFuturo.com.