CFT Awards Grants to Nonprofits Supporting Low Income Families
EACH YEAR, COMMUNITIES FOUNDATION OF TEXAS vets hundreds of nonprofits as part of its annual Letter of Inquiry (LOI) cycle for inclusion in the online Giving Guide of local charitable needs. One goal for CFT during the LOI cycle is to support service providers that are working to improve families living at and above the poverty line. These three nonprofits were selected for funding by CFT from this year’s LOI cycle due to their alignment with CFT’s community impact focus on building economic security for working families:
Funding will enable Serve West Dallas to partner with Baylor Healthcare, Dallas ISD, and the Dallas County Community College District to help prepare West Dallas students who struggle with education completion and employment opportunities. The program provides training, certifications, mentorship, and jobs for students who participate in the program.
On the Road Lending will create the First Key Provisional Transportation Program, a low-cost, short term car leasing program for those who do not qualify for their full loan program. The program will also provide financial coaching, case management, credit repair, and credit building while providing clients with transportation to maintain their employment. The program’s core mission is to provide those who enter the program with the support they need to graduate to the full loan program.
The Mini Loan program will allow clients to convert predatory loans into 12-month, lowcost loans and build their credit. The program will not only help clients get out of predatory loans, but will also help more clients move toward financial stability, therefore eliminating the need for future predatory loans.