Union Home Mortgage Foundation Reaches $2 Million Milestone

Union Home Mortgage Foundation Reaches Significant Funding Milestone

The Union Home Mortgage Foundation has achieved a remarkable milestone by distributing over $2,000,000 to support its charitable initiatives since it began in 2016. This achievement highlights the Foundation's unwavering commitment to helping families obtain the tools and resources necessary for achieving economic self-sufficiency.

Impact Across the United States

Throughout its journey of nearly a decade, the Foundation has extended its support to nonprofits across 20 states, directly aligning with the business footprint of Union Home Mortgage. Some of the notable organizations that have received funding include:

Life of a Single Mom

Based in Baton Rouge, this organization focuses on ensuring that no single mother has to navigate her journey alone. They provide essential support through groups, events, and life skills education.

Homestretch, Inc.

This Falls Church-based initiative works tirelessly to address the root causes of homelessness affecting families, offering comprehensive services to facilitate lasting change.

Junior Achievement of Greater Cleveland

This organization aims to educate and inspire young people for a global economy while bridging the gap between classroom concepts and real-world applications.

Home Repair Services of Kent County

Located in Kent County, this organization provides crucial support to homeowners facing vulnerabilities, strengthening community ties through homeownership.

Growth and Future Goals

Ashley Ali, the Executive Director of the Union Home Mortgage Foundation, expressed gratitude to donors, nonprofit partners, and UHM employees. "We're excited to continue enhancing our Foundation's impact and forge partnerships with dedicated nonprofits nationwide," she affirmed.

The UHM Foundation focuses on two key areas: housing and financial literacy. Grants, which range from $1,000 to $15,000, are typically issued for one year and are allocated quarterly to aid nonprofit organizations in their critical missions.

Employee Engagement and Volunteer Efforts

The dedication of UHM employees, referred to as Partners, is evident through their active participation in campaigns and volunteer work. They devote hundreds of hours annually and contribute significantly through payroll deductions, enhancing the Foundation's resources.

Bill Cosgrove, the CEO of Union Home Mortgage and Chairman of the Foundation, emphasized the Foundation's goal, stating, "It's about benefiting the communities where we live and work. I am excited for the future and the opportunity to help more families achieve homeownership."

About the Union Home Mortgage Foundation

Founded in 2015, the Union Home Mortgage Foundation operates as the charitable wing of Union Home Mortgage Corp. Its mission revolves around empowering families through financial literacy and housing initiatives. Having awarded over $2 million to various programs, the Foundation plays a vital role in guiding families toward responsible homeownership.

Frequently Asked Questions

What is the purpose of the Union Home Mortgage Foundation?

The Foundation aims to equip families with resources to achieve economic self-sufficiency, primarily through housing initiatives and financial literacy programs.

How much funding has the Foundation distributed?

Since its inception in 2016, the Union Home Mortgage Foundation has distributed over $2 million to support its charitable goals.

Which organizations have benefited from the Foundation's funding?

Several nonprofits have received funding, including Life of a Single Mom, Homestretch, Inc., Junior Achievement of Greater Cleveland, and Home Repair Services of Kent County.

How does the Foundation allocate its grants?

Grants range from $1,000 to $15,000 and are typically granted for one year, awarded quarterly to nonprofit organizations.

What role do UHM employees play in the Foundation's initiatives?

UHM employees actively participate as donors and volunteers, contributing significant hours and funds to support the Foundation's charitable work.

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