Funded sports a hit with kids

As a child, William Sparks spent a lot of time alone at home while his single mother worked two jobs to make ends meet
OCT 10, 2010
As a child, William Sparks spent a lot of time alone at home while his single mother worked two jobs to make ends meet. Unlike many latchkey children, however, Mr. Sparks did not seek solace in television or cause mischief with his friends. Instead, he immersed himself in baseball. “Sports gave me a direction,” said Mr. Sparks, winner of this year's Mentoring Excellence Award. “I got all of my male role models from coaches.” Decades later, Mr. Sparks, a first vice president in San Diego with Bank of America Merrill Lynch, decided to return the favor. In 2008, he and his wife, Sarah, founded Los Angelitos de Encinitas, an after-school sports and educational program for low-income children in Encinitas, Calif. This fall, the program (whose name means Little Angels) will provide more than 130 mostly Hispanic children with financial resources to help offset the cost of participating in the Encinitas Soccer League. In addition, the program will provide after-school tutoring to about 200 children. “My whole life experience has brought me to this point where I can make a difference,” said Mr. Sparks, who also serves as a coach with the Encinitas Soccer League. Typically, the cost of playing in the league is $175 a child. But Los Angelitos de Encinitas asks only that families come up with $50 per child. In cases where families still are unable to come up with the fee, Mr. Sparks, who speaks Spanish, gladly works out a payment plan. Like Mr. Sparks, many of the children participating in the program come from single-parent homes. As a result of the program, he said, the children develop greater self-confidence and learn to behave more responsibly, in addition to becoming better athletes. “Every child is a story in their own right,” he added. “You work with these kids, and they become your kids. It's been a wonderful, heartbreaking and rewarding challenge.” In addition to its athletic programs, Los Angelitos provides tutoring to children who are failing in school. In fact, the $15,000 contribution from the Community Leadership Awards will be used for academic programs. “Now people are realizing that we're more than just soccer,” said Sarah Garfield, Mr. Sparks' wife of 16 years. “We're coming together to make sure that no one falls through the cracks.”

Latest News

The 2025 InvestmentNews Awards Excellence Awardees revealed
The 2025 InvestmentNews Awards Excellence Awardees revealed

From outstanding individuals to innovative organizations, find out who made the final shortlist for top honors at the IN awards, now in its second year.

Top RIA Cresset warns of 'inevitable' recession amid tariff uncertainty
Top RIA Cresset warns of 'inevitable' recession amid tariff uncertainty

Cresset's Susie Cranston is expecting an economic recession, but says her $65 billion RIA sees "great opportunity" to keep investing in a down market.

Edward Jones joins the crowd to sell more alternative investments
Edward Jones joins the crowd to sell more alternative investments

“There’s a big pull to alternative investments right now because of volatility of the stock market,” Kevin Gannon, CEO of Robert A. Stanger & Co., said.

Record RIA M&A activity marks strong start to 2025
Record RIA M&A activity marks strong start to 2025

Sellers shift focus: It's not about succession anymore.

IB+ Data Hub offers strategic edge for U.S. wealth advisors and RIAs advising business clients
IB+ Data Hub offers strategic edge for U.S. wealth advisors and RIAs advising business clients

Platform being adopted by independent-minded advisors who see insurance as a core pillar of their business.

SPONSORED Compliance in real time: Technology's expanding role in RIA oversight

RIAs face rising regulatory pressure in 2025. Forward-looking firms are responding with embedded technology, not more paperwork.

SPONSORED Advisory firms confront crossroads amid historic wealth transfer

As inheritances are set to reshape client portfolios and next-gen heirs demand digital-first experiences, firms are retooling their wealth tech stacks and succession models in real time.