Citizens Bank Announces More Than $1.5 Million in Financial Literacy Charitable Contributions to Non-Profits In Nine States

AP News | April 09, 2019

Citizens Bank today marked the start of National Financial Literacy Month with the launch of its multi-faceted financial education program,  Citizens Helping Citizens Manage Money. The program will reach 338,000 people through local partnerships to deliver home buyer’s assistance training, financial empowerment, earned income tax credit programs and small business development. The Citizens Helping Citizens Manage Money program is a yearly effort by the bank to teach financial literacy throughout the communities it serves. This year, the bank will provide more than $1.5 million in contributions to 84 nonprofits in Massachusetts, Rhode Island, New Hampshire, Vermont, Connecticut, Ohio, Michigan, Pennsylvania, and New York. The program will help people obtain a better understanding of financial topics ranging from the basics of checking accounts to the intricacies of household budgeting and long-term financial planning.

Spotlight

Treat your donors to the smoothest online fundraising process ever! Learn from the best as Annika Pettitt from the Network for Good Customer Success Team reviews three key components of the ultimate donation experience. Network for Good is a mission-minded organization that powers mobile and online giving for nonprofits and corporate partners. Since 2001, Network for Good has helped more than 100,000 nonprofits and distributed over $1 billion in donations.


Other News
NONPROFIT MANAGEMENT

Nonprofit Finance Fund Selects Aisha Benson as CEO and President

Nonprofit Finance Fund | June 30, 2022

Nonprofit Finance Fund is thrilled to announce Aisha Benson as its next CEO and President. Benson, a leader with a substantial track record advancing racial equity in community development finance, was selected after an extensive nationwide search and brings exceptional industry expertise, deep networks, and a passion for social justice to the position. She will be NFF's third permanent CEO and President in its 42-year history. Aisha is the right leader at the right time to support NFF's efforts to help mission-driven organizations achieve communities' aspirations. Her vision, experience and relationships are an exciting match as NFF continues its tremendous growth." Henry A. J. Ramos, NFF Board Chair Benson will start on August 8, and will be based in New York. She joins NFF from TruFund Financial Services, where as Executive Vice President and COO she was instrumental in developing strategy, securing new business, fundraising, and overseeing lending and tax credit services. Benson serves on several key industry boards, including the Opportunity Finance Network, NMTC Coalition (Board Chair) and New York CDFI Coalition (founding member and Vice President). She also serves on the advisory boards of the Community Development Entities of US Bank and Coastal Enterprises. "NFF has earned a reputation for challenging status-quo finance and philanthropy and advocating for the nonprofits we rely on for so much," said Benson. "I look forward to leveraging my industry expertise and lived experience to further hone NFF's strategy and approach to integrating the flow of capital and advisory services in ways that maximize community collaboration and create transformational, sustainable outcomes for communities of color." Benson takes the helm from NFF interim CEO and President Trella Walker, who along with Executive Transition Team colleagues Kristin Giantris and Andrea Briscoe has been leading NFF since June 2021 when longtime CEO Antony Bugg-Levine announced his planned departure. Over the past ten years, NFF has increased its loan portfolio by 400 percent, built a diverse team with a broad range of expertise, and accrued $54 million in net assets without donor restrictions (as of Dec. 2021) to invest in its mission. Recent initiatives including the Strategic Innovation Fund, COVID-19 recovery zero-interest loan funds, the State of the Nonprofit Sector Survey, and Rising Together exemplify NFF's commitment to using its assets and resources in service of community-based nonprofits, particularly those led by and serving people of color. As Walker moves on from NFF she will continue her longstanding consulting practice focused on strategy and impact, organizational change management, and DEI (diversity, equity, inclusion) and belonging—all areas of deep expertise she drew on to help NFF navigate a season of transition. "It has been a true honor to help move NFF forward by strengthening our ability to serve communities of color with staff and resources aligned with our strategy and now Aisha can advance our commitment with great fervor and fortitude," said Walker. "I am excited to see NFF's next chapter." "We are deeply grateful to Trella and the Executive Transition Team for skillfully guiding NFF in bold pursuit of its strategy, and know that other mission-driven organizations will benefit from her sage counsel," said Ramos. "To be in such a strong position, especially amid more global changes in our field and in the world, is a testament to the skill and determination of this team in service of NFF's mission." Benson was selected as part of a comprehensive, nationwide search led by NPAG in partnership with NFF's board. About Nonprofit Finance Fund Nonprofit Finance Fund (NFF) is a nonprofit lender, consultant, and advocate. For more than 40 years, we've worked to strengthen nonprofit organizations and improve the way money flows to social good. We believe that alongside others we must build a more equitable and just social sector, and are committed to helping community-centered organizations led by and serving people of color access the money and resources they need to realize their communities' aspirations.

Read More

NONPROFIT MANAGEMENT

Charles Schwab Recognized by Points of Light for Driving Social Impact in Communities

Charles Schwab & Co. | June 17, 2022

For the sixth consecutive year, Points of Light, the world’s largest nonprofit dedicated to accelerating people-powered change, recognized Charles Schwab among the 50 most community-minded companies in the U.S. For 10 years, The Civic 50 has provided a national standard for corporate citizenship and showcases how companies can use their time, skills, and resources to drive social impact in their communities and company. The Civic 50 honorees are companies with annual U.S. revenues of at least $1 billion and are selected based on four dimensions of their corporate citizenship and social impact programs – investment of resources, integration across business functions, institutionalization through policies and systems and impact measurement. Our commitment to giving back to our communities is entrenched in Schwab’s culture of service, and we are honored to be recognized again by Points of Light. Schwab is committed to meaningful community investments and partnerships that advance financial literacy and make lasting, positive change in communities across the country. The generous spirit of our employees is more important than ever as we strive to bring hope and opportunity to communities across the country.” Carrie Schwab-Pomerantz, president of Charles Schwab Foundation Schwab has a long-standing culture of strengthening its local communities through financial literacy, volunteerism and community support. Through its signature financial literacy program Moneywise America, Schwab aims to level the economic playing field by making free, high-quality financial education accessible to everyone, helping to close the financial education gap that most schools struggle to address. In addition to financial literacy, Schwab employees volunteer thousands of hours annually through Schwab Volunteer Week, skills-based volunteerism programs, and other employee-driven volunteer initiatives that benefit nonprofits, schools, students, teachers, parents and families nationwide. Schwab is committed to providing financial, people and intellectual resources that support social causes that are responsive to community needs and reflective of employees’ interests. In 2021 alone, Schwab and Charles Schwab Foundation provided $10.2 million in direct support to more than 3,500 nonprofit organizations, including nearly $2.5 million in matching funds to nonprofit organizations supported by Schwab employees. Also in 2021, 4,250 Schwabbies volunteered nearly 10,000 hours to benefit local communities. “Corporate leadership and commitment to civic engagement is critical for strengthening communities,” said Natalye Paquin, president & CEO of Points of Light. “Our most recent global research shows 86 percent of people say they expect companies to take action on a social issue. Companies like Schwab are leading the way and setting an example of how you can leverage your employee talent, business models and assets to create deep impact that drives transformational change.” The Civic 50 survey is administered by True Impact and consists of quantitative and multiple-choice questions that inform scoring process. The Civic 50 is the only survey and ranking system that exclusively measures corporate involvement in communities. About Charles Schwab & Co. The Charles Schwab Corporation is a leading provider of financial services, with 33.8 million active brokerage accounts, 2.3 million corporate retirement plan participants, 1.7 million banking accounts, and $7.30 trillion in client assets as of May 31, 2022. Through its operating subsidiaries, the company provides a full range of wealth management, securities brokerage, banking, asset management, custody, and financial advisory services to individual investors and independent investment advisors. Its broker-dealer subsidiaries, Charles Schwab & Co., Inc., TD Ameritrade, Inc., and TD Ameritrade Clearing, Inc., and their affiliates offer a complete range of investment services and products including an extensive selection of mutual funds; financial planning and investment advice; retirement plan and equity compensation plan services; referrals to independent, fee-based investment advisors; and custodial, operational and trading support for independent, fee-based investment advisors through Schwab Advisor Services. Its primary banking subsidiary, Charles Schwab Bank, SSB (member FDIC and an Equal Housing Lender), provides banking and lending services and products. More information is available at https://www.aboutschwab.com. TD Ameritrade, Inc. and TD Ameritrade Clearing, Inc. are separate but affiliated companies and subsidiaries of TD Ameritrade Holding Corporation. TD Ameritrade Holding Corporation is a wholly owned subsidiary of The Charles Schwab Corporation. TD Ameritrade is a trademark jointly owned by TD Ameritrade IP Company, Inc. and The Toronto-Dominion Bank. About Points of Light Points of Light is a nonpartisan, global nonprofit organization that inspires, equips and mobilizes millions of people to take action that changes the world. Points of Light envisions a world in which every individual discovers the power to make a difference, creating healthy communities in vibrant, participatory societies. Through 177 affiliates across 38 countries, and in partnership with thousands of nonprofits and corporations, Points of Light engages 5 million volunteers in 16 million hours of service each year. Points of Light brings the power of people to bear where it’s needed most.

Read More

NONPROFIT MANAGEMENT

NABA Announces $1M CLA Foundation Grant to Grow Black Talent in Accounting

NABA | June 27, 2022

NABA, Inc., a nonprofit member-based association for accounting, finance, and business professionals announced that it received a grant of $1 million from the CLA Foundation to seed the nonprofit’s new Pathway to College program, support human capital needs, and create scholarships. “I am excited to path and pave a more just world together with the CLA team,” said NABA President and CEO Guylaine Saint Juste. “The $1 million grant allows us to design programs and services to give more young Black Business Leaders a sense of belonging that increases their propensity to choose accounting as a field of study and career pathway.” CLA (CliftonLarsonAllen LLP) and NABA commemorated their relationship in September 2021 with a first of its kind corporate sponsorship to help fuel the organization’s mission to advance diversity, equity, and inclusion within the profession. Through this work with NABA, CLA continues to increase workforce diversity and expand its pool of talent and improve the representation of Black individuals within the firm and the accounting profession. We’re working to significantly increase the number of accountants in the United States, not just for CLA, but across the industry. And we’re doing it with an inclusive mindset. Attracting and retaining talented diverse professionals is essential to the future of the profession. NABA is helping us do this within our own walls, even as we help NABA advance its programs and initiatives.” Jen Leary, CEO of CLA, one of the leading professional service firms in the United States The CLA Foundation grant was presented to Saint Juste at the NABA RECHARGE convention held in Hollywood, Florida June 21 – 24. CLA sponsored the NABA RECHARGE convention at the ”Pacesetter” level and hosted two sessions: “Be Well and Belong — Investing in Your Authentic Self” (for students) and “Living Your Inspired Career” (for professionals). “Our relationship with CLA is so much more than a dollar figure,” said Saint Juste. “From shared work spaces to strategic visioning to leadership consulting, we give each other energy and insights to continue to make headway toward our goals.” NABA’s Pathway to College program is designed to support Black high school, community college, and Historically Black Colleges and Universities students’ pathway into the public accounting and advisory profession, offering work experience along the journey. In addition to supporting the Pathway to College program over the next five years, a portion of the grant funds will be set aside to create a base for scholarships with lasting impact. CLA also plans to offer paid internships to students throughout the five-year grant commitment. These internships will provide students with real work experience to support them on their journey to becoming accounting professionals. CLA’s promise is “to know you and help you” and this includes its clients, its people and its communities. This grant is an example of how CLA is working with NABA to truly impact the Black community. “I believe the impact we have with NABA in the Black community will be replicated in the future,” said Leary. “I’ve seen our CLA Foundation contributions rise every year since inception. I couldn’t be more thrilled about the opportunities we have to support the communities in which we work and live, with equity, inclusion, and a dose of joy.” All CLA Foundation grant nominations originate with CLA team members. Since 2015, the CLA family has awarded over $6.5 million through 388 grants to organizations across the country. Learn more about the CLA Foundation. About NABA NABA, Inc. is a nonprofit membership association dedicated to bridging the opportunity gap for Black professionals in the accounting, finance, and related business professions. Representing more than 200,000 Black professionals in these fields, NABA advances people, careers, and the mission by providing education, resources, and meaningful career connections to both professional and student members, fulfilling the principle of our motto: Lifting as We Climb. About CLA CLA exists to create opportunities for our clients, our people, and our communities through industry-focused wealth advisory, digital, audit, tax, consulting, and outsourcing services. With more than 7,500 people, 121 U.S. locations, and a global vision, we promise to know you and help you.

Read More

NONPROFIT TECHNOLOGY

Leading Nonprofit Baby2Baby to Provide Much Needed Aid to Address the Baby Formula Shortage in the Pittsburgh Area

Baby2Baby | May 31, 2022

Baby2Baby, the national organization that has been at the forefront of providing relief to vulnerable families dealing with the U.S.’ baby formula shortage, announced it will distribute 12,000 cans of formula to the greater Pittsburgh region by the end of this week. Distribution to hospitals, diaper banks, childcare centers and family resource centers across the area began yesterday, and was made possible through a donation from local Pittsburgh resident Thomas Tull and his wife Alba through their philanthropic organization, the Tull Family Foundation. The formula shortage is still an absolute emergency for the families we serve. Our mission at Baby2Baby is to provide families with diapers, formula and other essentials that every child deserves, and that mission has become even more critical during this crisis. It has been horrible for every parent, but even more devastating for families living in poverty who don’t have the luxury of switching to a more expensive brand or access to multiple stores to find anything in stock. We are so grateful to Thomas and Alba Tull, and the Tull Family Foundation, for their extremely generous gift which is enabling us to provide hundreds of thousands of bottles of lifesaving formula to families in need across Pittsburgh." Norah Weinstein and Kelly Sawyer Patricof,Baby2Baby Co-CEOs “Like many other essential items, the baby formula shortage in this country has become a major crisis since the onset of COVID. It is unimaginable what parents, especially those living below the poverty line, are having to deal with,” said Cathy Battle, Executive Director of the Western Pennsylvania Diaper Bank. “We are seeing this heart wrenching crisis unfold every day and are incredibly grateful for Baby2Baby’s work and support. This distribution will help provide relief to many babies and families in need in the greater Pittsburgh areas.” Baby2Baby distributes to foster care agencies, hospitals, clinics, homeless and domestic violence shelters and resource centers. Since the pandemic began, it has delivered more than 300,000 cans. At the start of 2022, even before the recalls, they had requests for over 8.8 million cans. The organization has been using all of the resources at its disposal to support families impacted by the current shortage – including working directly with their wholesale partners to have formula made for a fraction of the retail cost and distributing donations from formula companies that weren’t impacted by the recalls. They have already sent formula to Pennsylvania, California, Virginia, Florida, Michigan, Alabama and South Dakota, and have more on the way to communities in need across the country. About Baby2Baby Baby2Baby, a non-profit organization led by Co-CEOs Kelly Sawyer Patricof and Norah Weinstein that was named #1 nonprofit on Fast Company’s World’s Most Innovative Companies List for 2022, provides children living in poverty with diapers, clothing and all the basic necessities that every child deserves. In the last 11 years, Baby2Baby has distributed more than 240 million items – more than any organization of its kind – to children in homeless shelters, domestic violence programs, foster care, hospitals and underserved schools as well as to children who have lost everything in the wake of disaster. Since the COVID-19 crisis began, Baby2Baby has distributed more than 150 million items to families in need, serving over one million children across the country impacted by the pandemic.

Read More

Spotlight

Treat your donors to the smoothest online fundraising process ever! Learn from the best as Annika Pettitt from the Network for Good Customer Success Team reviews three key components of the ultimate donation experience. Network for Good is a mission-minded organization that powers mobile and online giving for nonprofits and corporate partners. Since 2001, Network for Good has helped more than 100,000 nonprofits and distributed over $1 billion in donations.

Resources