As part of a comprehensive program to promote financial stability among Snohomish County families, United Way of Snohomish County has announced the recipients of financial education grants. Lutheran Community Service’s Lake Stevens Family Center is one of eight groups in the county to receive a $5,000 grant.
Their project is called “Survival Budgeting and Financial Stability” and the funding will be used to provide quarterly financial education classes to rurally isolated families in Lake Stevens, Snohomish and Granite Falls.
“We are thrilled to be working with the Lake Stevens Family Center on this important project,” said Dr. Dennis G. Smith, president and CEO of United Way of Snohomish County. “It is essential that we reach out to all parts of the county, particularly the rural areas.”
Other projects will reach out to young people, Spanish-language speakers, families in rural areas of the county, north county residents, low-income community members, homeless youth and older adults.
The grants will be administered by United Way of Snohomish County’s Families Matter Vision Council. Funding for these projects was made possible thanks to funding from The Boeing Corporation. All projects must be completed by June 30, 2013.
Each of the funded projects received the maximum $5,000 available per project. The other seven projects include:
• Financing Our Lives (Lutheran Community Services Northwest / Familias Unidas): Funding will provide adult financial education, youth financial education and a small business development class. Classes will be taught in English or Spanish depending on the language needs of the class participants.
• Financial Literacy for Families in North Snohomish County, with an Emphasis on Latino Families (Latino Education & Training Institute): Funding will provide North Snohomish County Latino families basic financial education classes.
• Junior Achievement Personal Finance (Junior Achievement of Washington): Funding will provide youth financial education in the Marysville and Everett School Districts.
• Volunteers of America Financial Management Education Series (Volunteers of America Western Washington): Funding will provide financial management education to low-income community members.
• Financial Counseling and Outreach Initiative (ClearPoint Credit Counseling Solutions): Funding will provide one-on-one financial counseling to low-income Snohomish County households.
• Skilled Volunteer-Taught Financial Classes for Homeless Young Adults (Friends of Youth - New Ground Everett): Funding will provide support to recruit, train and supervise financial education volunteers, who will deliver financial education to homeless youth and young adults.
• Making Your Money Work (Senior Services of Snohomish County): Funding will provide financial education training to lower-income older adults living in Everett, Silver Lake, Lynnwood and Edmonds.
To have been eligible, organizations must use the funds to support or expand an existing financial education program or to develop a new financial education offering. All projects must use a financial education curriculum.
In addition to these grants, free tax preparation, encouraging people to purchase U.S. Savings Bonds and other financial education programs are part of United Way’s overall effort to promote financial stability among Snohomish County families.