Building Economic Resilience through Financial Wellness in Latino and Immigrant Communities

With generous support from the Wells Fargo Foundation, NALCAB will provide capacity building grants of $30,000 and customized technical assistance (TA) to 10 organizations, prioritizing organizations located in Wells Fargo’s priority geographic markets. Donor Name: National Association for Latino Community Asset Builders (NALCAB) State: County: All Counties Type of Grant: Grant Deadline: (mm/dd/yyyy) 09/18/2024 Size of the Grant: $10,000 to $100,000 Grant Duration: Less than 1 Year Details: The primary purpose of this award is to support a nationwide network of Latino- and immigrant-serving organizations to advance culturally relevant approaches to family financial health in low-and moderate-income Latino and immigrant communities. This program of grantmaking, technical assistance and training is intended to strengthen the delivery of financial capability services focused on: Integrating a culturally relevant financial curriculum into asset-building programs like homeownership and small business development services.  Intentionally utilizing financial coaching to prepare participants to access capital for asset-building activities.  Improving organizational capacity to track and report financial health outcomes, with a focus on improving credit, increasing savings, increasing income, and reducing debt.  Prioritizing access to innovative financial products to boost family financial wellness, such as increasing savings, decreasing debt, or building or establishing credit. Wells Fargo Priority Markets: NALCAB will focus on the following priority markets, as communicated by Wells Fargo: Georgia: Atlanta  Illinois: Chicago  North Carolina: Charlotte  Texas: Dallas, Houston  California: Los Angeles, San Diego, San Francisco  Florida: Miami  Tennessee: Nashville New York  Pennsylvania: Philadelphia  Arizona: Phoenix  Missouri: St. Louis  Washington, DC  Minnesota: Minneapolis Grant Period  October 1, 2024 – June 30, 2025. Eligibility Criteria Eligible applicants are any 501(c)(3) nonprofits who integrate, or plan to integrate, culturally relevant financial capability services into existing asset-building programs. Applicants should demonstrate:  A comprehensive and specific strategy that will result in meaningful and measurable impact and change for Latino and immigrant financial health.  Organizational capacity to implement the proposed strategy. Budget and projected outcomes that align with the proposed strategy. For more information, visit NALCAB.