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Goodwill Financial Literacy Programs Make Good Sen$e

October 12, 2004

Rockville, MD — Three Goodwill agencies will each receive a $15,000 grant to expand their community financial literacy programs. Bank of America funds the grant programs – designed to teach money management skills to help move low-income individuals towards financial stability – as part of Goodwill Industries International’s Good Sen$e Initiative.

In Medford, Southern Oregon Goodwill Industries will use the grant to enhance their Building Blocks for Financial Stability program. The goal of the program is to improve families’ understanding of their personal finances. It targets welfare dependent families, families transitioning off of welfare, low income youth graduating from high school, and the general public.

In Menasha, Goodwill Industries of North Central Wisconsin’s Financial Independence with Tips and Tax Credits (FITT) program uses tax benefits to supplement family incomes. The program teaches people how to access tax credits to achieve financial goals, improves budgeting skills, and encourages saving.

The 12-week Financial Literacy for Goodwill Retail Employees program at Goodwill Industries of Central Indiana (Indianapolis) helps its entry-level retail employees learn how to manage their money, create budgets, and understand basic financial language and terms.

Goodwill understands that it takes more than a job to achieve economic independence,” says George W. Kessinger, President and CEO of Goodwill Industries International. Our financial literacy programs help people manage their paychecks and provide them with the tools to maximize their money.”

The Good Sen$e Initiative provides basic financial literacy such as debt management, tax credits and preparation, investments and asset building. For more information on the Good Sen$e Initiative, visit the Goodwill Industries web site, www.goodwill.org.
 
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