BURLINGTON -- Citizens Bank announced today that it will award $60,000 to six organizations in Vermont and New Hampshire as part of the Citizens Helping Citizens Manage Money initiative. Overall, the bank is donating $1.5 million to nonprofits supporting financial education across its 11-state footprint.
The selected organizations were chosen in a competitive application process announced in April based on their track record of success providing financial education programs, a need for financial support and a demonstration to incorporate sustainability in their future plans. They are:
- Wyndham & Windsor Housing Trust -- Homeownership Education
- Champlain Housing Trust, Inc.
- Southern New Hampshire University -- Women & Money Forum
- Manchester Neighborhood Housing Services
- Laconia Area Community Land Trust, Inc.
- More Than Wheels Inc.
This initiative is part of Citizens Helping Citizens broader community giving program, which addresses five key areas: hunger, housing, economic development, financial education and volunteerism.
"Citizens Financial Group has continuously supported nonprofit organizations in our communities and financial literacy is one of the most important initiatives," said Joe Carelli, President of Citizens Bank and RBS Citizens, New Hampshire and Vermont.
In April, in recognition of National Financial Literacy Month, Citizens announced enhancements to its Citizens Helping Citizens Manage Money program that included this competitive application process for nonprofits to apply for funding, a social media initiative to celebrate "Money Mentors," and an online financial literacy resource center dedicated to encouraging healthy financial habits. Last year the program delivered financial literacy programs to more than 100,000 people and provided charitable grants to more than 120 nonprofits.
For more information on Citizens Helping Citizens Manage Money, please visit www.citizensbank.comcommunity.