Grant from Chase Bank to Support Financial Capabilities
NeighborWorks® Rochester is pleased to announce that they are the recipient of a $20,000 grant from Chase in support of its Financial Capabilities Program. The grant is part of the firm’s commitment to support innovative new products and services that leverage technology and insights from design and behavioral science to help consumers increase savings, improve credit and build assets. This investment will support NeighborWorks® Rochester in assisting low- and middle-income individuals within the Greater Rochester area, assisting them in improving their financial situations through structured education and strategic coaching. The program will help clients to increase savings account balances, improve credit scores and decrease debt load. Currently, more than 40% of NeighborWorks® Rochester’s clients are single female head of households.
“Through the use of improved technology, also funded by Chase, we’ve been able to identify those individuals who need coaching and have expressed the interest to succeed with their financial goals, but could use additional support in taking the next step toward changing their lives,” said Joanne Panarisi-Bottone, Executive Director of NeighborWorks® Rochester. “We’re extremely pleased to partner with Chase, utilizing an innovative approach to provide those in need with the tools and resources necessary for achieving personal financial success. In turn, this will also help to build strong neighborhoods in the Rochester community by providing educated, financially-stable, long-term homeowners.”
“The more we can do to increase the number of financially healthy people in our communities, the more we’ll see our communities thrive,” said Matthew Tipple, Market Executive, Middle Market Banking at JPMorgan Chase & Co. “We are proud to partner with NeighborWorks Rochester and support their essential work to help improve consumer financial health in Rochester.”
The support of community partners like Chase allows NeighborWorks® Rochester to continue to provide financial education services and more. Thank you to our friends at Chase Bank.