WESTERLY, R.I., June 4, 2024
/PRNewswire/ -- Washington Trust ("the Bank") today announced
the Washington Trust Charitable Foundation has awarded
$20,000 to West Elmwood Housing
Development Corporation to support the Match Savings
Incentive Program ("MSIP") and the Get Your House In Order
Program ("GYHIOP").
The MSIP is designed to assist individuals with low-to-moderate
income on their path toward asset ownership through a financial
empowerment course. Participants in the program engage in Financial
Capability Workshops to review topics such as: budgeting and
savings; debt management; credit building; and the home buying
process. Washington Trust previously supported MSIP with a
$15,000 grant over the 2022-23
period.
The GYHIO program is a nationwide program for culturally
specific financial education for African Americans that delivers a
four-week financial literacy course to review topics such as:
generational and psychological relationships with money; budgeting
and savings strategies; investing; credit; identity theft;
insurance; and more.
"Washington Trust is committed to helping our community members
build a strong financial foundation on their path to homeownership
and self-sufficiency," said Rolando
Lora, Washington Trust Executive Vice President, Chief
Retail Lending Officer, and Director of Community Lending. "We are
thrilled to continue to support West Elmwood Housing Development's
mission to promote the development of healthy, sustainable
communities through housing services in Providence."
"Our mission is to bring opportunities to build a healthy,
sustainable West End neighborhood by investing in and embracing
resident empowerment to support the enhancement of economic
mobility and equity for our community," said Candace Harper, Executive Director of West
Elmwood Housing Development Corporation. "These resources from
Washington Trust will assist us with providing access to these
excellent programs to support our community members as they work
towards meeting their financial goals."
The grant is part of more than $584,000 of total giving granted by the
Washington Trust Charitable Foundation to 60+ organizations
throughout the Bank's footprint (through May
31, 2024), $122,000 of which
was directed to support safe and affordable housing and
homeownership programs.
ABOUT WASHINGTON
TRUST®
Founded in 1800, Washington
Trust is recognized as the oldest community bank in the
nation, the largest state-chartered bank headquartered in
Rhode Island and one of the
Northeast's premier financial services companies. Washington Trust
values its role as a community bank and is committed to helping the
people, businesses, and organizations of New England improve their
financial lives. The Bank offers a wide range of commercial
banking, mortgage banking, personal
banking and wealth management services through its
offices in Rhode Island,
Connecticut and
Massachusetts and a full suite of convenient digital tools.
Washington Trust is a member of the FDIC and an equal housing
lender. Washington Trust is a subsidiary of Washington Trust
Bancorp, Inc., a publicly-owned holding company which trades on
NASDAQ: WASH. For more information, visit the Bank's website
at www.washtrust.com or the Corporation's website
at ir.washtrust.com.
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SOURCE The Washington Trust Company