Directors Council receives $50,000 grant to help with financial planning
BPC Staff Oct 13, 2020 | 5:22 pm
1 min read time
172 wordsAll Latest News, Arts and Culture, Banking and FinanceThe Directors Council has been awarded a $50,000 grant to help low- to moderate-income residents achieve financial stability. The grant, awarded in partnership with Leap Fund, will allow four Directors Council member nonprofits to integrate Leap Fund’s public benefits calculator program into the services they provide. The four member organizations are Oakridge Neighborhood Services, Children & Families of Iowa, Evelyn K. Davis Center for Working Families and Financial Empowerment Center, and YMCA Supportive Housing Campus. According to a news release, financial coaches and caseworkers will use the calculator program to help identify public benefits eligibility when a worker may hit a “benefits cliff” and become ineligible because of an increase in pay, and provides coaches with tools to discuss and plan benefits with their clients. “This grant will help The Directors Council continue to tackle worker financial health issues, especially as clients navigate new financial challenges brought on by the COVID-19 pandemic and resulting economic impacts,” Teree Caldwell-Johnson, chair of the Directors Council and CEO of Oakridge Neighborhood, said in the release.