Citizens and Citizens Philanthropic Foundation announced this week that they will provide $228,500 in funding to help 15 nonprofit organizations in New Jersey that help individuals learn money-management skills.
The initiative, part of the bank’s Citizens Helping Citizens Manage Money program, aims to strengthen communities by supporting programs through direct funding as well as volunteerism.
This years’ funding recipients in New Jersey include:
- Financial Wellness Institute;
- Greater Life;
- Greater Newark Enterprise Corp.;
- Housing and Neighborhood Development Services Inc.;
- Housing Partnership for Morris County Inc.;
- Junior Achievement of New Jersey;
- La Casa De Don Pedro;
- Neighborhood Housing Services of Camden Inc.;
- New Jersey Citizen Action Education Fund Inc. (Citizens Philanthropic Foundation);
- Parkside Business & Community in Partnership Inc.;
- Paterson Task Force for Community Action Inc.;
- Saint Joseph’s Carpenter Society;
- Union County Economic Development Corp.;
- United Way of Monmouth and Ocean Counties Inc.;
- Women’s Center for Entrepreneurship.
Domenick Cama, president, NYC Metro and New Jersey, Citizens, said the initiative matches the mission of the bank. The idea is to give people the resources they need to be financially healthy and pursue their goals.
“Citizens is committed to ensuring all individuals have access to economic opportunity, and we know having strong financial knowledge is essential to unlocking that opportunity and reducing the wealth gap,” he said. “In New Jersey, Citizens is proud to support our local partners in providing residents with the confidence and tools to own their financial success and build brighter futures.”
The announcement comes during Financial Literacy Month, a nationally recognized campaign that raises awareness of the need for more financial literacy education. Through Citizens Helping Citizens Manage Money, the bank will provide $2 million in contributions to 150 nonprofits across the communities it serves.