Jayson Tatum joined CBS Mornings on Tuesday to discuss a new partnership called the SoFi Generational Wealth Fund.
Together, The Jayson Tatum Foundation and SoFi are making a multi-year commitment of more than $1 million to help low-income, single-parent families create generational wealth. The money will go toward single parents in St. Louis to help them put a downpayment on a house. The goal is to promote financial literacy and expand homeownership opportunities.
Tatum, who said he’s “still the biggest momma’s boy,” noted that this initiative is organic to himself. He grew up in St. Louis in a single-parent household.