Listen to this articleDeer Park-based United Way of Long Island received a $100,000 grant from Capital One. The grant is in support of the nonprofit’s Financial Literacy Initiatives program, which includes providing the knowledge and tools to build financial stability and long-term prosperity.
“This generous contribution from Capital One underscores their commitment to fostering financial empowerment and addressing the unique challenges faced by underserved populations,” Theresa Regnante, president and CEO of United Way of Long Island, said in a news release about the grant.
“Thanks to this partnership, we are equipping individuals and families with the tools they need to achieve financial independence while creating lasting economic stability for our communities,” Regnante added.
Those who would benefit from the initiative include United Way’s YouthBuild students, Project Warmth recipients, ALICE families (Asset Limited, Income Constrained, Employed), and participants in Family Support programs. With the funding, United Way aims to provide comprehensive curriculum comprising essential financial topics, including budgeting, debt reduction, credit building and consumer protection.
The initiatives, according to the news release, are expected to “create a ripple effect of positive change, uplifting entire communities by empowering individuals to make informed financial decisions, reduce debt and build brighter futures.”