August 3, 2016 (Ann Arbor, Mich.)– The United Way of Washtenaw County (UWWC) is introducing $75,000 in new grant funding to local non-profit programs focusing on financial stability and education.
“Statistics from the ALICE report show that 39% of Washtenaw County struggle to meet the basic cost of living expenses,” shared Karen Bantel, Board Chair, “Financial stability initiatives will complement and enhance our Health and Education initiatives to create a more complete approach to building a strong community.”
United Way determined the components of its financial stability initiative after partnering with local community groups, financial institutions and nonprofits to host a series of conversations around the county to understand available resources that support financial stability. The conversations moved the focus from building infrastructure to providing the funding and training to allow local nonprofits to do more of the work the community desperately needed.
Pam Smith, President and CEO of UWWC said “We are excited to move this work forward with a new round of funding, it complements our mobile Financial Resource team’s work and our free income tax preparation program. Good things are happening in this community.”
The new funding is augmented by $25,000 in funds from the Women’s Leadership Initiative’s (Women United) the Power of the Purse event to specifically provide services for women. Data confirms that single women head of households with children under five are more likely to live in poverty.
Funded programs, projects or initiatives must align with one or more of the following goals of United Way’s Financial Stability Initiative:
• Advance the economic well-being of low-income working individuals and families.
• Reduce reliance on predatory financial practices in Washtenaw County neighborhoods.
• Ensure that economically vulnerable working individuals and families are aware of available asset-building resources.
• Increase opportunities for low-income individuals and communities to increase their economic asset base through education, coaching and practice
Applications will be due by September, 30, 2016. For more information about this and our other Funds, please visit our Grants page.