United Way of Greater Toledo invests nearly $400,000 to move families from poverty to prosperity

Apr 06, 16 United Way of Greater Toledo invests nearly $400,000 to move families from poverty to prosperity

Toledo LISC is pleased to announce an investment of $399,424 from United Way of Greater Toledo to support the work of the Toledo Financial Opportunity Center (FOC) Network.  The Toledo FOC Network aligns with United Way’s Live United 2020 goals centered on advancing financial stability for individuals and families in Lucas, Wood and Ottawa counties.

“United Way of Greater Toledo is proud to make an investment in Toledo LISC, and the Toledo FOC Network Partners – East Toledo Family Center, United North, and Lutheran Social Services of Northwest Ohio –because they deliver results that create lasting change in the areas of education, income and health in our community,” said Karen Mathison, president and CEO of United Way of Greater Toledo. It’s a pleasure and privilege to partner with Toledo LISC and deliver results that change lives of people in our community.

Expanding on the Center for Working Families model developed by The Annie E. Casey Foundation, LISC developed the Financial Opportunity Center (FOC) model to build financial capability by offering families a suite of core services that attack each of these areas of concern—employment, income supports, credit-building and financial management—through programming offered at trusted community-based organizations. In Toledo, the 3 trusted agencies with a history of providing social and financial services in their neighborhoods that operate Financial Opportunity Centers are (1) East Toledo Family Center, (2) Lutheran Social Services of Northwest Ohio, and (3) United North. These partners provide integrated services to clients, creating a multi-faceted approach to income and wealth building.

In 2015, the Toledo FOC Network partners served over 1,470 residents, significantly moving the needle for over a third of those individuals engaged in one on one financial coaching. Key financial outcomes achieved among this group include: increased in net income, improved credit scores, and gains in overall net worth. In addition to one on one coaching services, the FOC Network provided free tax prep services to over 670 individuals— bringing over $1 million in federal tax refunds back into our community.

“We are excited to continue our partnership with United Way to strengthen Toledo’s neighborhoods.  The FOC Network is a fine example of  true collaboration among neighborhood-based community partners who are committed to creating long-term change and improving the quality of life of our residents,” according to Kim Cutcher, Executive Director of Toledo LISC. This year’s investment also represents an expansion of the Toledo FOC Network’s focus to include the integration of homelessness prevention services into the Lutheran Social Services of Northwest Ohio’s Crossroads FOC coaching and counseling service delivery model.

Local Initiatives Support Corporation (LISC) is a national community development intermediary with a 35-year history of building the capacity of community-based organizations to revitalize their neighborhoods, provide affordable, safe and decent housing, increase economic opportunities, and create better places to live, play, learn and work. Nationally, LISC supports a network of over 75 Financial Opportunity Centers in 33 cities with grants, technical assistance, management support, peer-networking opportunities, and data collection and data management.

United Way of Greater Toledo, serving Lucas, Wood, and Ottawa counties, unites the caring power of people to improve lives. We are made up of problem solvers, difference makers, and opportunity creators. Together, we’re on a mission to change lives forever in our community by investing in programs focused on education, financial stability, and healthy lifestyles. We tackle the tough problems in these areas by funding and partnering with the most effective local organizations who create real opportunities and get results. You can give, you can advocate, and you can volunteer – that’s how to LIVE UNITED. For more information, visit www.unitedwaytoledo.org.

Leave a Comment

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>