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Exploring the Impact of Education: How PFEF and Inmates Help Support Children of the Incarcerated and Parolees in Education

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Many people are aware that the United States incarcerates the highest number of inmates worldwide. However, most do not understand the impact this has on their community and society at large.

“The nation’s strict prison sentences are not solving problems; they are creating them,” says Percy Pitzer, founder of the Pitzer Family Education Foundation (PFEF). “Instead of making the world safer, strict incarceration rates breed cycles that perpetuate and even increase crime.”

When 1.8 million incarcerated Americans are released back into the community, more than two-thirds are quickly rearrested for new crimes. What’s more, incarceration breeds a new generation of problems. Compared to their peers, the more than 5 million US boys and girls who have at least one parent in prison are six times more likely to follow their parents into involvement with the criminal justice system.

PFEF believes that education is the key to breaking the cycles of recidivism and intergenerational incarceration. For children of incarcerated parents and former inmates, access to education has the power to alter the course of their lives. For parolees, it provides a path to re-enter society with dignity.

PFEF and the National Children of the Incarcerated Scholarship Program

As a retired warden with over four decades in the US correctional system, Percy Pitzer was no stranger to recidivism and intergenerational incarceration. “I saw the cycle everywhere I looked,” he remembers. “Each time I passed a child sitting with their parents in the visiting room, I knew I was probably looking into the eyes of a future client. Without proactive support, most inmates and their children are bound to be trapped by this powerful cycle.”

Children with a parent in prison are forced to navigate psychological challenges, care deficiencies, and financial hardships. These obstacles notably hinder their educational aspirations and future prospects.

PFEF intervenes through the National Children of the Incarcerated Scholarship Program to provide scholarships that enable these children to pursue higher education. By doing so, PFEF helps to break the cycle of generational incarceration, offering a lifeline to those affected by their parents’ actions.

Applications for the National Children of the Incarcerated Scholarship Program are accepted throughout the year on a first-come, first-served basis. PFEF staff assists with financial aid applications, as their primary goal is to ensure applicants receive the resources they need to become successful students.

PFEF’s commitment goes beyond financial support to encompass emotional and logistical assistance that enhances the overall educational experience for these children. To date, their efforts have provided over 190 scholarships to children of parolees and inmates nationwide. Most notably, they have seen 133 successful graduates complete their education.

Inmates join the contributions

An impactful aspect of PFEF’s work is its dedication to involving current inmates in the scholarship program. To date, inmates in 14 state departments of corrections have collectively donated $244,034 towards college tuition costs for children of the incarcerated, which allowed the foundation to award 190 scholarships.

“Even though inmates do not have large amounts of money to contribute individually, most are eager to rally behind this cause,” remarks Pitzer. “Collectively, their contributions can make a huge difference. Best of all, when they take an active role in supporting their children’s education, it fosters a sense of responsibility and purpose.”

Furthermore, Pitzer points out how education can enhance inmates’ mental abilities and diminish the anti-social mindsets linked to criminality.

“Numerous inmates have reported that education fostered their shift away from prison ideologies towards setting constructive goals and finding a significant path in life,” he says. “By contributing to these scholarships, inmates can help develop pro-social values crucial for successful reentry into society. They know that their contributions help break the cycle of generational incarceration and provide educational opportunities that their children would probably not receive otherwise.”

Impacting recidivism with financial aid for parolees

In addition to supporting children, PFEF extends its reach to parolees re-entering society through targeted financial aid programs. The foundation partners with Lamar State College and the ABC Training Academy to provide trade certificate courses that cater to a wide range of interests and skill sets. These include a one-and-a-half-year welding program, a three-year electrical program, a three-year pipe-fitting program, a nine-month course covering industrial carpentry, a three-year course in instrumentation, and a 10-week course in scaffold building.

Since its inception, PFEF has awarded financial aid to 1,328 paroled students for the ABC Training Academy and currently offers funding to 626 students. Over the years, it has assisted 187 graduates in rejoining society with the skills they need to find stable and well-paying jobs.

By breaking the cycle of incarceration through education, PFEF transforms individual lives and contributes to broader societal change. “When we put people behind bars, we do not solve our problems,” Pitzer concludes, “but when we educate them, we can help set inmates and their children on a new path. Education gives them the tools to rise above their circumstances and break the cycles that hold them back.”

Rosario is from New York and has worked with leading companies like Microsoft as a copy-writer in the past. Now he spends his time writing for readers of BigtimeDaily.com

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Business

Black Banx Group — Third Quarter 2025 Results

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FOR IMMEDIATE RELEASE · Road Town, British Virgin Islands · October 30 2025

Black Banx reports USD 4.3 billion revenue and USD 1.6 billion pre-tax profit in third quarter 2025

Black Banx Group today announced its results for the third quarter ended 30 September 2025, delivering strong performance with further progress toward its full-year targets.

Key figures for Q3 2025:

  • Revenue: USD 4.3 billion
  • Profit before tax (PBT): USD 1.6 billion
  • Cost-to-income ratio: ≈ 62%
  • Customer base (period-end): ~92 million clients

YTD (first nine months) results: Revenue USD 12.7 billion, PBT USD 4.7 billion, positioning the Group on track toward its full-year ambitions of ~USD 17 billion revenue and ~USD 6.4 billion PBT.

“Our Q3 results reaffirm the scalability and resilience of our platform,” said Michael Gastauer, Group CEO. “By continuing to scale our client base, deepen engagement, and drive operational efficiencies, we maintain momentum toward our 100 million-customer milestone and full-year ambitions.”

Daniel Dumitrascu, Group CFO, added: “We are pleased to demonstrate sequential improvement in our cost/income ratio despite ongoing investment in growth markets. With the first nine months delivered, our Q4 plan is well calibrated to close the year strongly.”

Business highlights:

  • Net customer adds of approximately 8 million during Q3, bringing the total client count to ~92 million as of 30 September 2025. On pace for the 100 million-customer target by year-end.
  • Continued growth across emerging markets, driven by expansion efforts in Africa, South Asia and Latin America.
  • Strong transaction volumes across cross-border payments and cryptocurrency-adjacent services, contributing to top-line resilience.
  • Ongoing initiatives to optimise operations and automate processes delivered a sequential improvement in cost/income ratio to ~62% from ~64% in Q2.
  • Strategic investments sustained in growth markets while preserving profitability and shareholder value.

Outlook:

With three quarters behind it, Black Banx remains aligned with its 2025 full-year targets of approximately USD 17 billion in revenue and ~USD 6.4 billion in pre-tax profit. The company anticipates a seasonally stronger Q4 performance, underpinned by ongoing global client acquisition and further monetisation of its platform.

About Black Banx Group:

Black Banx Group is a global digital banking and fintech platform serving tens of millions of private and business clients across more than 180 countries. The Group offers seamless, borderless banking services, including multi-currency accounts, cross-border payments and cryptocurrency-compatible solutions. Headquartered in the British Virgin Islands, Black Banx is dedicated to innovation, financial inclusion and delivering value to its stakeholders.

Media Contact: 

Black Banx Media Relations
Email: [email protected]

Forward-looking statements: This press release contains forward-looking statements that involve risks and uncertainties, including statements regarding the Group’s business strategy, financial prospects, targets and trajectory. Actual results may differ materially from those anticipated.

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