At an April statehouse event, TND received a $30,000 donation from Citizens Bank. A frequent TND partner, Citizens Bank has provided invaluable support for financial education classes delivered at CONNECT. The goals of the classes are to help 150 people annually to improve credit, decrease debt, and provide access to banking services. Citizens Bank employees are frequently seen at TND’s Volunteer Income Tax Assistance (VITA) program - providing free tax preparation and information on how to maximize the value of a tax refund. Last week’s donation will bolster those programs and amplify results like these:
94.2% of surveyed CONNECT clients said they were more confident that they can reach their financial goals, and 73.2% of respondents reported that they are better able to meet their living expenses than they were 18 months before.
Compared with status at intake, 35.8% of clients increased the time their household could meet their living expenses, 42.4% of clients stayed the same, and 21.7% reported a shorter timeframe.
Between 2008 and 2016, TND’s VITA program has brought $11.8 million back into the community, with $2.8 million of that in EITC tax credits.