Citizens provides grants to nonprofits in Vermont

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Citizens provides grants to nonprofits in Vermont

Mon, 04/26/2021 - 1:48pm -- tim

Vermont Business Magazine Six nonprofit organizations in New Hampshire and Vermont will receive much needed funds to help those they serve make informed financial decisions through a set of grants announced by Citizens today. Under the bank’s Citizens Helping Citizens Manage Money program, these nonprofit organizations will receive a total of more than $107,000 to support work in this critical area across the states.

As part of the Citizens Helping Citizens Manage Money program, the bank this year will provide $1.5 million in contributions to more than 105 nonprofits in Massachusetts, Rhode Island, New Hampshire, Vermont, Connecticut, Ohio, Michigan, Pennsylvania, New Jersey, Delaware, and New York. The initiative helps the community by supporting programs that give people the confidence and tools they need to budget, save, invest, be financially healthy and inspire them to pursue their goals.

“We believe that having strong financial knowledge is essential in achieving your goals and reaching financial security,” said Joe Carelli, President, Citizens, New Hampshire and Vermont.  “Through Citizens Helping Citizens Manage Money we provide members of our communities with the knowledge, confidence and resources they need to make smart financial decisions that will put them on a path forward.”

This years’ funding recipients in New Hampshire and Vermont, include:

  • Champlain Housing Trust – for its Home Education and Financial Literacy Program, including homebuyer education, post-purchase workshops, credit counseling, foreclosure prevention, and more.
  • Girl Scouts of the Green & White Mountains – for its Cookie Program, which provides education for girls around financial literacy, entrepreneurship, and business basics.
  • The Granite YMCA – for its financial literacy enrichment activities that teach socially responsible money management, need over want, goal setting, and self-management to middle and high school students.
  • NeighborWorks Southern New Hampshire – for its HOMEteam program, which provides financial wellness, homebuyer, and homeowner post-purchase education and counseling services.
  • United Way of Northwest Vermont – for Working Bridges, a strategic initiative of the United Way of Northwest Vermont that provides financial coaching and one-on-one resource coordination for Vermont restaurant employees.
  • The Granite United Way – for its 2021 Volunteer Income Tax Assistance (VITA) program, which offers volunteer federal income tax return preparation and education around asset building for workers.

As recent research suggests, many Americans are worried about achieving their economic and financial goals. Annually, Citizens and Junior Achievement USA host a national survey to identify the financial challenges facing teens. This years’ results showed that COVID-19 has significantly impacted how teens are thinking about their financial futures, prompting 25 percent of them to delay their college plans in the face of reduced financial support from parents and guardians because of the pandemic. The findings, which indicate broad-based concern among teens regarding how they will pay for higher education, highlight an increased need for financial literacy educational resources to assist them in making financial decisions that impact them over the long term.

Source: MANCHESTER – Citizens. 4.26.2021