American Express Gives $1 Million to Community Organizations.NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of -- Thirty-seven community organizations in 24 states receive funding to promote economic independence Imagine after years of child-rearing you lose your spouse spouse A legal marriage partner as defined by state law ; without a job, savings or any financial planning Financial planning Evaluating the investing and financing options available to a firm. Planning includes attempting to make optimal decisions, projecting the consequences of these decisions for the firm in the form of a financial plan, and then comparing future performance against knowledge, you end up in a homeless shelter Homeless shelters are temporary residences for homeless people. Usually located in urban neighborhoods, they are similar to emergency shelters. The primary difference is that homeless shelters are usually open to anyone, without regard to the reason for need. . Or you migrate to America looking for Looking for In the context of general equities, this describing a buy interest in which a dealer is asked to offer stock, often involving a capital commitment. Antithesis of in touch with. opportunity; but without an understanding of the banking system and limited language skills, you find yourself in the clutches of a predatory predatory pertaining to predator. predatory behavior the hunting of birds, mice and small reptiles by cats and the hunting and herding behavior of dogs, often facilitated in a pack. lender. Or you're an abandoned teenager Teenager See also Adolescence. Ah, Wilderness! high-school senior has problems with girls and his father. [Am. Drama: O’Neill Ah, Wilderness! in Sobel, 15] Aldrich, Henry teenaged film character of the 1940s. [Am. , homeless, uneducated, and searching for a better future. These are stories that are unfolding for people in communities across America, but with assistance from the American Express American Express (NYSE: AXP), sometimes known as "AmEx" or "Amex", is a diversified global financial services company, headquartered in New York City. The company is best known for its credit card, charge card and traveler's cheque businesses. Economic Independence Fund, their situations are improving. Through the American Express Foundation, the Fund recently granted $1 million to 37 nonprofit organizations Nonprofit Organization An association that is given tax-free status. Donations to a non-profit organization are often tax deductible as well. Notes: Examples of non-profit organizations are charities, hospitals and schools. across the country in partnership with the National Endowment A transfer, generally as a gift, of money or property to an institution for a particular purpose. The bestowal of money as a permanent fund, the income of which is to be used for the benefit of a charity, college, or other institution. for Financial Education (NEFE NEFE National Endowment for Financial Education ), a non-profit organization A non-profit organization (abbreviated "NPO", also "non-profit" or "not-for-profit") is a legally constituted organization whose primary objective is to support or to actively engage in activities of public or private interest without any commercial or monetary profit purposes. dedicated to helping Americans acquire the information and skills they need to take control of their personal finances. The fund targets grants to community organizations specifically serving underserved populations, such as immigrants, individuals moving from welfare to work, newly-employed and young workers. "American Express' mission is to help people achieve their financial objectives, especially financial independence. Clearly, education is the first step," said Jim Cracchiolo, chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of American Express Financial Advisors. "The American Express Economic Independence Fund helps empower empower verb To encourage or provide a person with the means or information to become involved in solving his/her own problems individuals across America who need help taking control of their financial future." Cracchiolo said working with community-based organizations is critical because local organizations know their constituents' financial needs and how best to give them the knowledge and the tools to meet them. Plus, the structure of the Fund enables American Express' network of 12,000 financial advisors to volunteer their knowledge, serving as mentors or teachers. "Our goal for the Fund is to help people make smarter financial decisions for life," Cracchiolo said. "Getting this kind of education to people at pivotal times in their lives is key to developing lifelong, healthy spending and savings habits. It can mean the difference between living on the edge and taking the first steps toward saving for a car, a house or a child's education." While the projects that received funding this year varied widely, each came from community-based non-profit organizations seeking money and materials to incorporate financial education into existing services. As a result of the $1 million grants this year, the following lives will be touched: --Low-income people with mental illness in Massachusetts Massachusetts (măsəch  `sĭts), most populous of the New England states of the NE United States. will learn
how to avoid predatory lending arrangements as they enter the workforce.
Employment Options, Inc. will teach basic banking, budgeting,
recordkeeping and saving, along with loans, insurance and investments.--Immigrant women in Oakland will gain an understanding of American banking and financial systems to become self-sufficient and move their communities out of poverty. Classes in financial terminology, personal budgeting, bank accounts and financial planning will be taught in participants' native languages to ensure understanding and retention. --Women who have left prostitution prostitution, act of granting sexual access for payment. Although most commonly conducted by females for males, it may be performed by females or males for either females or males. in Chicago will become better equipped for long-term Long-term Three or more years. In the context of accounting, more than 1 year. long-term 1. Of or relating to a gain or loss in the value of a security that has been held over a specific length of time. Compare short-term. success in their new lives. Genesis House will add a financial education component to its ongoing programming, teaching women about managing credit, saving, spending and housing. The American Express Foundation first partnered with NEFE in 1999 on a pilot project which became the Economic Independence Fund. Since that time, the American Express Economic Independence Fund has provided $2.65 million to more than 100 community organizations in 45 states. Registered investments and financial planning services are offered through American Express Financial Advisors Inc., Member NASD NASD See: National Association of Securities Dealers NASD See National Association of Securities Dealers (NASD). . American Express Company is separate from American Express Financial Advisors Inc. and is not a broker-dealer Broker-Dealer A person or firm in the business of buying and selling securities operating as both a broker and dealer depending on the transaction. Notes: Technically, a broker is only an agent who executes orders on behalf of clients, whereas a dealer acts as a principal . NEFE is a nonprofit A corporation or an association that conducts business for the benefit of the general public without shareholders and without a profit motive. Nonprofits are also called not-for-profit corporations. Nonprofit corporations are created according to state law. foundation dedicated to helping all Americans achieve financial well-being. For additional information about the National Endowment for Financial Education and to locate self-help Redressing or preventing wrongs by one's own action Without Recourse to legal proceedings. Self-help is a term in the law that describes corrective or preventive measures taken by a private citizen. financial education materials, log on to the foundation's Web site at www.nefe.org. The American Express Foundation was created in New York in 1954 and is funded by the American Express Company and its business units, including American Express Financial Services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. . The Foundation makes grants around the world under three themes: Economic Independence, Community Service and Cultural Heritage. American Express Company is a diversified diversified (di·verˑ·s worldwide travel, financial and network services company founded in 1850. It is a world leader in charge and credit cards, Travelers Cheques, travel, financial planning, business services, insurance and international banking.
American Express Economic Independence Fund
2004 Grant Recipients
Location Nonprofit
Chicago, IL El Hogar del Nino
----------------------------------------------------------------------
Chicago, IL Genesis House
----------------------------------------------------------------------
Lake Charles, LA Literacy Council of SW Louisiana, Inc.
----------------------------------------------------------------------
D.C. Institute for Social and Economic Development
----------------------------------------------------------------------
Baltimore, MD Literacy Works, Inc.
----------------------------------------------------------------------
Kansas City, KS University of Kansas Medical Center
----------------------------------------------------------------------
Alpena, MI Child & Family Services of NE Michigan
----------------------------------------------------------------------
Louisville, KY Jewish Family & Vocational Service, Inc.
----------------------------------------------------------------------
Bloomington, IL Project Oz
----------------------------------------------------------------------
Bowling Green, KY Western Kentucky Refugee Mutual Assistance
Society, Inc.
----------------------------------------------------------------------
Long Beach, CA Khmer Girls in Action (KGA)
----------------------------------------------------------------------
Knoxville, TN Knoxville Area Urban League
----------------------------------------------------------------------
Memphis, TN Metropolitan Inter-Faith Association
----------------------------------------------------------------------
Manchester, NH Easter Seals New Hampshire, Inc.
----------------------------------------------------------------------
Marlborough, MA Employment Options, Inc.
----------------------------------------------------------------------
Glassboro, NJ El Comite de Apoyo a los Trabajadores Agricolas
----------------------------------------------------------------------
Jersey City, NJ International Institute of New Jersey
----------------------------------------------------------------------
New York, NY Association of the Bar of the City of NY Fund
----------------------------------------------------------------------
Mammoth Lakes, CA Eastern Sierra Family Resource Center
----------------------------------------------------------------------
Oakland, CA English Center for Intl. Women
----------------------------------------------------------------------
North Highlands, CA Child Abuse Prevention Council of Sacramento,
Inc.
----------------------------------------------------------------------
Portland, OR Lutheran Community Services Northwest
----------------------------------------------------------------------
Medford, OR Southern Oregon Goodwill Industries
----------------------------------------------------------------------
Wasilla, AK HRC, Inc.
----------------------------------------------------------------------
Progreso, TX Migrant Health Promotion, Inc.
----------------------------------------------------------------------
San Diego, CA International Rescue Committee
----------------------------------------------------------------------
Hollywood, FL Hispanic Unity of Florida, Inc.
----------------------------------------------------------------------
Phoenix, AZ United Way--Metro Phoenix Alliance for Self
Sufficiency & Economic Transitions (ASSETS)
----------------------------------------------------------------------
Albuquerque, NM Women's Community Association
----------------------------------------------------------------------
Pittsburgh, PA Program for Female Offenders, Inc.
----------------------------------------------------------------------
Cleveland, OH West Side Ecumenical Ministry
----------------------------------------------------------------------
Youngstown, OH Organizacion Civica y cultural Hispana
Americana, Inc.
----------------------------------------------------------------------
Minneapolis, MN HIRED
----------------------------------------------------------------------
St. Paul, MN Lifetrack Resources, Inc.
----------------------------------------------------------------------
Richmond, VA New Visions, New Ventures, Inc.
----------------------------------------------------------------------
Salt Lake City, UT International Rescue Committee
----------------------------------------------------------------------
Laramie, WY Wyoming Coalition Against Domestic Violence &
Sexual Assault
----------------------------------------------------------------------
|
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion