Milwaukee, WI - June 28, 2012 - A $15,000 grant will enable La Casa de Esperanza to begin offering Individual Development Accounts as part of its VITA tax return program.
The Foundation's contribution will leverage federal funds for the savings match offered through the pilot monthly savings program, which encourages individuals to save money by matching what they contribute. The Waukesha agency will work with Wisconsin Women's Business Initiative Corporation to administer the IDA savings program.
"Building financial assets through savings programs like Individual Development Accounts is one way to strengthen families, and ultimately our community," said Kathryn Dunn, Foundations' vice president of community investment.
Overall, the Foundation awarded a total of $309,726 in grants to area nonprofits through its second quarter competitive grantmaking process.
The Greater Milwaukee Foundation is a family of more than 1,100 individual charitable funds, each created by donors to serve the local charitable causes of their choice. Grants from these funds serve people throughout Milwaukee, Waukesha, Ozaukee and Washington counties. Started in 1915, the Foundation is one of the oldest and largest community foundations in the world.
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