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Citi Partners with United Way of Miami-Dade to administer $100,000 grant

Citi Partners with United Way of Miami-Dade to administer $100,000 grantVolunteer grant review panel selects Neighborhood Housing Services,
South Florida Urban Ministries and YWCA of Greater Miami-Dade for funding

Today, Citi and United Way of Miami-Dade announced that a $100,000 Citi Foundation grant to support financial capability programs in South Florida will be allocated to Neighborhood Housing Services, South Florida Urban Ministries and the YWCA of Greater Miami-Dade.  This is the second consecutive year that United Way has been selected by Citi to administer the grant, which was made through the Fund for Financial Capability supported by The Citi Foundation.  As was done last year, the three grantee organizations were selected by a committee of Citi employee volunteers.  The review committee members received community investment guidance and the necessary training in the grants process from United Way and then brought their expertise and experience to bear as they reviewed applications, evaluated programs and made funding decisions.

“This grant reflects Citi’s strong commitment to expanding financial capability and economic opportunity,” said Diane Bentivegna, Citi’s Market President for Florida.  “We are pleased to be able to continue our financial support and involvement through the dedicated engagement of our volunteer grant review committee members.”

“This is a great partnership that has given us the opportunity to expand our efforts by increasing financial education in the community, and it complements our work at the United Way Center for Financial Stability,” said Harve A. Mogul, president and CEO of United Way of Miami-Dade.

“United Way of Miami-Dade is a longstanding and valued partner of Citi’s and our partnership enables us to channel these funds to three extremely capable community organizations that will expand economic empowerment for homeowners, small business owners and young people,” added Barbara Romani, Citi Community Development Regional Director.  “We are confident in the wide impact that will be achieved through the programs that we are funding in South Florida.”

During the process, each applicant organization had to demonstrate that its impact would be broad and measurable.  The programs were selected based on their ability to provide financial education for a significant number of clients; to measure in a meaningful way the impact of that education on clients’ lives; and to serve a diverse population reflecting the demographics of Miami-Dade County’s population, including low- and moderate-income individuals.

The programs that were chosen for support through the rigorous, competitive selection process are:

Neighborhood Housing Services – Neighborhood Revitalization Initiative: Providing education and counseling to individuals and families to help increase access to, and maintain homeownership for, first-time homebuyers, specifically those that are low- and moderate income level.

South Florida Urban Ministries — ASSETS Small Business Development Program: Small business owners will receive a variety of services to start and keep their companies viable, including training, technical assistance, coaching and other business-related services to support and/or increase their chances for success.

YWCA — Economic Empowerment Program: Low- and moderate-income youth will be empowered to improve financial conditions for themselves and their families through a basic understanding of banking, saving and the importance of good credit, and will be offered incentives for saving.