UCF's Zeta Phi Eta fraternity will kick off National Financial Literacy Month with a step in the direction toward financial wellness.
The first 4.01K Race for Financial Fitness, presented by Chepenik Financial, will be held on Wednesday at Lake Baldwin Park at 4:01 p.m. to promote both physical health and financial wellness.
Zeta Phi Eta has agreed to become one of the sponsors for the race to raise money for its chosen philanthropy, Junior Achievement of Central Florida.
All proceeds from the race will go toward a fundraising goal of $10,000 for Junior Achievement.
"When Zeta Phi Eta first started here at UCF, we knew we needed to select a philanthropy that we thought best suited what we stand for," said Ryan Marshall, Zeta Phi Eta's chief networking officer.
As a professional communications fraternity, Marshall said Zeta Phi Eta aims to enhance the professional skills and awareness among its members.
Sponsors are encouraged to join the race and create a team for good financial health. Depending on the sponsorship level, teams must meet different monetary goals and benefits.
Corporate sponsors must raise $2,500; gold level sponsors, $1,000; silver level sponsors, $500; and bronze level, $250.
Marshall, a junior human communications major, said the fraternity has chosen to become a silver level sponsor. As the first 4.01K race, he said the fraternity's participation should provide Junior Achievement with a big helping hand.
The race is in line with the 401(k) Plan — a defined plan where an employee can make contributions from his or her paycheck either before or after tax — that a lot of corporations follow, said Development Manager of Junior Achievement Shelley Warticki.
Warticki said all runners and company sponsors have been provided with help along the way to prepare for the physical health and financial wellness aspects of the race.
"All participants will receive emails and videos leading up to the fun that provide coaching, tips and suggestions to help them prepare physically for the run and become fiscally fit for life," according to the 4.01K race's website.
Junior Achievement works to bring volunteers into teaching programs on financial literacy, workforce readiness and entrepreneurship, Warticki said.
"It empowers young people to own their economic success, plan for their future and make smart academic and economic choices," the website states.
Through Junior Achievement's connection with Zeta Phi Eta, the race will serve as an outlet to raise awareness throughout the Orlando area.
"Whether you decide to just donate or run [the race] yourself, we think it is going to be a fantastic event," Marshall said. "We as a fraternity are excited to see how well Junior Achievement will do from it, and how much we can help."
For questions about the race, visit 401Krace.com, or call Warticki at 407-270-4976.
Rachel Stuart is a Digital Producer for the Central Florida Future. Follow her on Twitter at @RachSage or email her at RachelS@CentralFloridaFuture.com.