Terre Haute – United Way of the Wabash Valley today announced the grant award from their Financial Management Impact Council aimed at delivering income management tools, mentoring, and programs for the entire community by meeting families “where they are.” This is the first grant opportunity issued from this council as it works together with all the other United Way councils to focus on the root causes of generational poverty within their 6-county service area of Clay, Parke, Sullivan, Vermillion, and Vigo Counties in Indiana and Clark County in Illinois.
The Financial Skills Development grant focuses on expanding financial literacy training, coaching and/or mentoring in the Wabash Valley. The United Way is awarding over $99,000 to three organizations for a oneyear program. The awarded programs include:
– Purdue Extension, Vermillion County – This project will utilize the Your Money, Your Goals
Toolkit to train 100 community partners in the region to help them become mentors for
economically vulnerable people.
– Reach Services, Inc. – Reach Services in partnership with Regions Bank and their Next Step
financial training program will be providing financial classes for low to moderate income
individuals who struggle with financial challenges living from paycheck to paycheck or
struggling to live with their limited resources.
– YMCAs of the Wabash Valley – The YMCA will use the Dave Ramsey Financial Peace
University curriculum to help individuals and families learn and adopt proven methods for
achieving financial freedom.
Brett Taylor, co-chair of the United Way’s Financial Management Impact Council explained, “These
grants, the programs they fund, and the organizations who present these programs are more important
now than ever. Present circumstances are difficult for many in our community, especially those who are
working hard to provide for their family and still finding it hard to make ends meet. Programs like these
will help families become financially secure and can assist in breaking the cycle of poverty that has
become the norm for too many in the Wabash Valley community.”
Richard Payonk, Executive Director of the United Way explained, “This council focuses on promoting
financial coaching and income management to our entire community and these programs are great
ways we can support that work. Before the pandemic began, locally over 44% of our households were
ALICE (Asset Limited, Income Constrained, Employed) and were unable to afford their basic necessities
of housing, food, child care, health care, and transportation. And now we feel like that has only
increased. In order to make progress on our bold goal of moving 10,000 families out of financial
struggles and into stability they need to be able to support families in their financial education.”