Support expands financial counseling pilot program for Hispanic community
ATLANTA, October 7, 2019 /3BL Media/— The SunTrust Foundation has awarded a $500,000 grant to the National Foundation for Credit Counseling® (NFCC), doubling its initial commitment to the organization in 2018, to support a large-scale program for improving the financial wellness of Hispanic and Latino families. The grant will allow the NFCC to expand its services for Hispanic/Latino consumers beyond its original scope of Florida, Georgia, North Carolina and the Houston, Texas, metropolitan area to include all of Texas and Ohio.
ATLANTA, August 23, 2019 /3BL Media/—The SunTrust Foundation today announced the winners of the 2019 Lighting the Way Awards, giving a total of $2.7 million in grants to 36 nonprofit organizations across the South and Midwest.
KNOXVILLE, Tenn. July 9, 2019 /3BL Media/ — The SunTrust Foundation announced today a $275,000 grant to the YMCA of East Tennessee to expand its youth development programs that focus on financial wellness, academics, leadership and well-being. On behalf of the SunTrust Foundation, Harry Gross, SunTrust Bank Knoxville market president, presented Jim Dickson, CEO of YMCA of East Tennessee, with the grant at a special event Tuesday, July 9, at West Side Family YMCA in Knoxville.
Parents who care for both their kids and an aging family member are more reluctant to discuss money with their kids and miss opportunities to talk to them about it
T. Rowe Price’s 2019 Parents, Kids & Money Survey, which sampled 1,005 parents of 8 to 14 year olds and their kids, found that stress among parents who are caring for both their kids and aging family members, commonly known as the sandwich generation, is negatively impacting their money habits and their kids’ money habits.
Financial literacy is a key pillar for financial inclusion, and a critical success factor to achieve at least nine of the 17 United Nations Sustainable Development Goals (SDGs). For instance, eliminating poverty and achieving gender equality is simply not possible when two thirds of adults worldwide remain financially illiterate and women continue to trail men in financial decision making.
Since 2012, The Republic of Tea has donated $148,737 to Whole Planet Foundation to fund 2,093 microloans around the globe. This year, they launched their own program to amplify this work. Working with the international nonprofit, the Ethical Tea Partnership, and a local nonprofit, the PALM Foundation, The Republic of Tea has crafted a program in Sri Lanka focused on nutrition, hygiene, and financial literacy, with the goal of elevating thousands of women and their families.