Vermont Press Releases

TD Charitable Foundation Supports CVOEO’s Financial Futures Program

News Release — CVOEO
August 10, 2017

Contact:
Jan Demers
Executive Director, CVOEO
802-862-2771 x740
[email protected]

Burlington, VT —The TD Charitable Foundation, the charitable giving arm of TD Bank, America’s Most Convenient Bank®, has announced their support of the Financial Futures Program at Champlain Valley Office of Economic Opportunity (CVOEO). The $5,000 donation will be used to support New Americans in Chittenden County with low and moderate incomes on their paths to financial well-being.

Financial Futures provides financial capability and asset building services in Chittenden, Franklin, Addison, and Grand Isle counties through microbusiness counseling, matched savings accounts, and financial coaching and classes.

“Organizations like CVOEO are so vital to our communities and provide financial stability,” said Phil Daniels, Market President, TD Bank. “TD is honored to support a program that gives New Americans a chance to succeed and thrive, and develop skills that are priceless.”

In the last year, Financial Futures worked with over 953 individuals seeking to increase their financial wellness—10% of whom were New Americans. Participants working on savings goals reported an average of a $1,387 increase in annual savings, 50% of participants reported bringing past due bills more current, 81% created financial goals, and among those accessing business counseling, 12 new businesses were started, 38 were expanded or enhanced, and 11.5 full time jobs were created.

“The donation from the TD Charitable Foundation is an investment into our future and into a promised area of strength for the newest of our citizens. We are grateful that they have the vision to move with us into that future.” Jan Demers, Executive Director, CVOEO.

To learn more about the work of Financial Futures or sign up for a class or appointment, go to www.cvoeo.org or call 802-860-1417.

 

If you read us, please support us.

Comment Policy

VTDigger.org requires that all commenters identify themselves by their authentic first and last names. Initials, pseudonyms or screen names are not permissible.

No personal harrassment, abuse, or hate speech is permitted. Comments should be 1000 characters or fewer.

We moderate every comment. Please go to our FAQ for the full policy.

Press Release

Recent Stories

Thanks for reporting an error with the story, "TD Charitable Foundation Supports CVOEO’s Financial Futures Program"