We are committed to awareness and resources to help close the wealth gap.
Our Mission: Ensuring generational wealth increase to minority American families.
If left unaddressed and current trends in wealth and income gaps persist, the median black household wealth is on a path to hit $0.00 by the year 2053.
Shock, disbelief and disassociation are all emotions commonly expressed when we share this data with black families in the United States. That is why we founded, Twenty53, a non-profit 501(c)3 organization created to bring awareness and resources to this fact reported by Forbes.com, ProsperityNow, Intitute for Policy Studies, U.S. Census Bureau and the U.S. Department of Labor and Statistics.
Focused on three areas of action: Super7 Gap Assessment, Black Entrepreneurship Week (BEW), and the Twenty53 app. We are taking awareness straight to communities through mobilization events at churches, schools, rallies and festivals where individuals and families can take the Super7Gap Assessment on-site, receive their gap risks and gain resources to overcome them.
Our History
Twenty53, a 501(c)3 nonprofit organization, was founded by Cedric and Kira Cobb in 2021 in St. Louis, Missouri. Finding it impossible to ignore data, reporting and global conversation around the potential for the median household of black families to be reduced to zero by the year 2053, Cedric and Kira were determined to sound the alarm for the minority entrepreneurs they have served over the two last decades. Quickly identifying that entrepreneurship is only one major solution to close the wealth gap, the Super7 Gap Assessment was developed.
By focusing on 7 major pillars to wealth development, Twenty53 is driven to highlight trusted resources partners and mobilize communities through educational opportunities and events. When families are able to know and attack their gaps through assessments and planning, they are more likely to continue the path of generational wealth increase. Without awareness and person accountability wealth gaps will not only continue, they will widen leaving the inevitability of minority American families closer to wide-spread poverty.
The Super7 Pillars are:
- Life Insurance and Estate Planning
- Credit Scores of 700+
- Home Ownership
- Minimum Annual Income of $75k
- Owning a profitable business
- Investments Portfolios
- Advanced Education