Union Home Mortgage Foundation Enhances Lives with Grants
Awardees include 10 nonprofits dedicated to community enrichment.
The Union Home Mortgage Foundation, the philanthropic wing of Union Home Mortgage, is passionate about aiding families to gain economic independence. Recently, it has revealed its grant recipients who will be benefiting this year. With a total award of $57,500, ten selected nonprofits from different states are set to receive funding aimed at enhancing financial literacy and expanding access to housing resources.
Impactful Nonprofits Support Financial Literacy
This funding cycle focuses on organizations that are making significant improvements in their communities. Union Home Mortgage is committed to supporting initiatives that help individuals understand financial management, ultimately leading to better housing opportunities.
"We are proud to support the transformative work that these nonprofits undertake," expressed Bill Cosgrove, CEO of Union Home Mortgage. "Our Foundation has expanded its reach, and we are thrilled to see how our support impacts various communities throughout the country."
Ashley Ali, Director of Corporate Communications at the foundation, echoed this sentiment, highlighting the relationships built over the years with recipient organizations. She emphasized that their shared vision of fostering economic self-sufficiency aligns perfectly with the mission of the Union Home Mortgage Foundation.
Recognized Grant Recipients Making a Difference
Among the notable organizations receiving funding is Homeless Youth Connection in Arizona, which will receive $7,500 to sustain its services. The Host Family Program connects youth facing homelessness with supportive adult mentors, providing essential resources such as shelter and counseling. The Hatcher Transitional Living Program further supports these young individuals through education and life skills training.
In Louisville, Kentucky, USA Cares Inc. will use $2,500 to assist military families through essential financial support, ensuring their basic needs are met without the burden of debt. Each client is mandated to attend a financial education course, instilling vital money management skills.
Life of a Single Mom in Baton Rouge has been awarded $10,000 to enhance Single Mom University, an accessible online education platform. It offers a multitude of courses focused on empowering single mothers with vital life skills, thus promoting stability for both them and their children.
In Michigan, Home Repair Services of Kent County receives $5,000 dedicated to their Housing Counseling & Education program, which helps alleviate financial distress by offering crucial money management education and resources.
Back in Ohio, OhioGuidestone is set to utilize $5,000 to make necessary improvements to the Berea Children’s Home, which provides therapeutic care for vulnerable youth. This funding ensures that children can stay in quality facilities while receiving the support they need.
Furthermore, The City Mission in Cleveland will benefit from a similar grant towards their New Horizons Transitional Housing program designed to assist single mothers in becoming financially stable, while at the same time guiding them toward homeownership.
Empowering and Strengthening Ohio's People (ESOP) plans to expand access to affordable housing opportunities with a grant of $7,500, launching initiatives that enhance financial education and counseling services within the community.
Fostering Community Growth and Support
The Boys Hope Girls Hope program in Garfield Heights will utilize a $10,000 grant to provide financial literacy education for students transitioning from middle school to adulthood, ensuring that young adults are equipped with crucial financial decision-making skills.
OnTrack in North Carolina is set to support its Financial Capabilities Counseling program with a $2,500 grant, aimed at helping community members gain financial stability through targeted education and counseling.
Finally, CommunityWorks in Greenville, South Carolina will receive $2,500 to aid in creating affordable housing options to support low-income community members in building wealth and securing homeownership.
About Union Home Mortgage Foundation
The Union Home Mortgage Foundation, established in 2015, is dedicated to providing resources for financial literacy and housing access. Since its inception, it has allocated over $2 million towards several initiatives to guide families on the road to responsible homeownership. Union Home Mortgage Corp is recognized as a leading independent mortgage banking company with over 150 branches nationwide.
Frequently Asked Questions
What is the mission of the Union Home Mortgage Foundation?
The Foundation aims to equip individuals and families with tools for achieving economic self-sufficiency through financial literacy and housing support.
How much funding did the Foundation award in the latest round?
A total of $57,500 was awarded to ten selected nonprofits across various states.
Who are some grant recipients and their focuses?
Grant recipients include organizations like Homeless Youth Connection and Life of a Single Mom, focusing on education, housing stability, and financial independence.
How does the Foundation choose recipient organizations?
Organizations are selected based on their community impact, commitment to financial literacy, and efforts to enhance access to housing.
What impact has the Foundation made since its start?
Since 2015, the Foundation has distributed over $2 million to nonprofits, significantly impacting communities in more than 23 states.
