ANN ARBOR, MI– United Way of Washtenaw County today announces its investment of $100,000 in local programs to increase the financial stability of women, individuals and families with low incomes, and communities of color. The organization is awarding 12-month grants to six nonprofit agencies. Funded agencies will provide a variety of supports including free tax preparation, financial coaching, transportation, job placement, and literacy tutoring.
“In Washtenaw County, a gap persists between those who are financially secure, and those who are living on the brink,” shared Mitzi Talon, previous Power of the Purse Chair. “Although one of the most affluent counties in Michigan -- One in five Washtenaw County households (22%) do not have sufficient net worth to subsist at the poverty level for three months in the absence of income.”
This fund was augmented by $25,000 in proceeds from United Way’s annual Power of the Purse event.
Funded programs will advance one or more of the following goals of United Way’s Financial Stability Initiative:
- Advance the economic well-being of individuals and families with low incomes
- Reduce reliance on predatory financial practices in Washtenaw County neighborhoods.
- Improve the economic wellbeing of women who are Asset-Limited, Income Constrained and Employed (ALICE).
“Thank you to each and every donor that contributes to United Way’s efforts to build a thriving community for everyone. These grant funded programs are helping people increase their financial ability and self-sufficiency,” shared Pam Smith, President and CEO.
Review investments made during FY17-18 here.
ABOUT UNITED WAY’S FINANCIAL STABILITY INVESTMENTS
Financial stability grants provide support for efforts that prioritize women, individuals and families with low incomes, communities of color, and historically and/or systematically marginalized groups. Funding is open to both new/pilot or existing programs, projects or initiatives.