Washington Trust Announces Financial Education Initiative
Multi-year funding and free tools for schools and community groups
WEST, RI, April 7, 2022 /PRNewswire/ — Washington Trust today announced a new financial education initiative designed to provide individuals, families, businesses and nonprofits with the financial management tools and resources they need to achieve economic empowerment. The Initiative has three components: $165,000 in multi-year funding to support Centraide’s literacy programs Rhode IslandEntrepreneurship for All Rhode Island (EforAll), and House of Amos; a free online financial literacy program offered to local schools and community groups; and a new financial wellness center on the company’s website.
“We believe financial literacy is essential to helping consumers, businesses and nonprofits become more thrifty, confident and economically empowered,” said Edward O. “Ned” Handy, President. -general director. “For more than 221 years, Washington Trust has been committed to providing funding and support to ensure the prosperity of our local economies and we believe these programs are an investment in our future.”
The first component of the Bank’s Financial Literacy Initiative is a $165,000 multi-year commitment, from the Washington Trust Charitable Foundation, to three Rhode Island-non-profit organizations:
- United Way of Rhode Island: Washington Trust is committed $90,000 to support Centraide UNITED LIFT economic security programming. “We know that building economic security among our most vulnerable neighbors does indeed change lives, and we also know that working to achieve it is centered on equity. We look forward to working together to strengthen our communities today and for the future,” said Cortney NicolatoPresident and CEO of Centraide.
- Entrepreneurship for All Rhode Island (EforAll): Washington Trust is a founding partner of E For All Rhode Island and is committed $45,000 in support of the organization’s investment in minority and women-owned businesses. “An investment in EforAll means an investment to help underfunded people in Rhode Island successfully start and grow businesses through intensive business training, mentorship and an extensive professional network that will help the economy thrive,” said Laura Guillon, Executive Director of Eforall | EparaTodos Rhode Island.
- House of Amos: Washington Trust is committed $30,000 to support the organization’s Financial Opportunity Center (FOC). “This donation will help support our Financial Opportunity Center’s mission to provide vital support services, education and opportunity to our clients on their journey to self-sufficiency,” said Eileen HayesPresident and CEO of Maison Amos.
The second part of the Bank’s Financial Literacy Initiative is an online program offered free of charge to schools and community groups through the Bank’s partnership with Banzai, Inc.. Washington Trust is committed to working with 28 middle and high schools across Rhode Island providing teachers and students with free, unlimited access to online modules and physical workbooks that cover important financial literacy topics.
The third component of the Bank’s Financial Literacy Initiative is a new Financial Wellness Center which is hosted on the Bank’s website and contains articles, calculators, security and financial management tips, as well as e-learning tools and other resources. The site provides information on key topics such as household budgeting, debt management and buying a home. The Financial Wellness Assessment helps consumers analyze their spending, budgeting, and saving habits so they can set goals and improve their personal financial management.
IN REGARDS TO WASHINGTON TRUST®
Founded in 1800, Washington Trust is the nation’s oldest community bank and one of the Northeast’s leading financial services companies. Washington Trust offers a full range of financial services, including the commercial bank, mortgage bank, personal banking and wealth management and fiduciary services through its offices located at Rhode Island, Connecticut and Massachusetts. The Washington Trust Company is a subsidiary of Washington Trust Bancorp, Inc., (NASDAQ:WASH). Additional information about Washington Trust and its affiliates is available at https://www.washtrust.com/.
SOURCEThe Washington Trust Company