BPI - 2009 Grant Awards

At a February 2010 grants presentation event, leadership from the Winston-Salem Foundation’s Black Philanthropy Initiative announced $17,500 in grants that were awarded from the Black Philanthropy Fund’s second grant cycle. The focus area for these grants was programming that supports African Americans in the area of financial literacy. 

Grants were awarded to four organizations:

Consumer Credit Counseling Services of Forsyth County - $5,000 grant will support Money Skills for Life, which will incorporate financial literacy classes for individuals currently enrolled in the Upward Bound program at WSSU.  Four one-half day workshops will include education on financial institutions, long-term savings, personal budgeting, financial planning and credit usage. 

Darryl Hunt Project for Freedom and Justice (DHPFJ) - $5,000 grant will provide financial literacy training for black men reentering the community from prison. DHPFJ will partner with Mechanics & Farmers Bank to provide Earning, Saving, Spending and Investing workshops. Thirty associates will also receive $100 to open a bank account at the Bank after completing the program.

Family Services, Inc./Head Start – $5,000 grant will support a series of 12 financial literacy workshops to be held from January through May 2010 at four sites for 320 single African-American parents.  Each workshop will be offered twice for a total of 24 workshops.  Topics include: understanding credit cards/credit card debt, teaching children to save, budgeting, insurance, saving for a new car/new home, becoming financially savvy, setting goals and spending priorities, saving for college, and financial services available in our community.  The program will collaborate with members of the 2008-2009 Leadership Winston-Salem class (and their businesses).

Grace Presbyterian Church - $2,500 grant will support the Foundations of Wealth program which started in January 2010 in association with Prodigy Capital Management, LLC.  The program will utilize African-American financial professionals in a seminar series for approximately 100 teens and adults.  Goals include increasing basic financial literacy, promoting wealth building strategies, promoting healthy financial habits and cultivating an entrepreneurial spirit.

Brenda Diggs, who served as 2009 chairman of the Black Philanthropy Initiative, states, “The Black Philanthropy Initiative is proud to be announcing our second round of grants to four very valuable community programs focusing on financial literacy.  This has become a wonderful giving tradition in our African-American community, and we look forward to announcing our third grant cycle later this year.”


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