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Allstate Foundation awards $130,000 to Kentucky Coalition Against Domestic Violence

186 have purchased homes; 56 have started small businesses; 322 have pursued a post-secondary degree; and 145 have purchased their own cars. The Kentucky Coalition Against Domestic Violence is a coalition of the state's 15 publicly funded domestic violence ...

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Last year, 1,895 individuals were served with financial empowerment services, using The Allstate Foundation's Moving Ahead Through Financial Management curriculumOf these, 844 people created a financial plan or budget, 69 opened bank accounts, 342 are working to improve credit scores, and 540 met financial goals, according to a news release.Between KCADV’s reach to domestic violence programs and community colleges, more than 2,300 survivors of domestic violence in Kentucky will receive economic empowerment services this yearMost survivors are single mothers earning less than $15,000 per yearSeventy-two percent of KCTCS transitional students report being survivors of domestic violence.Participants benefit from financial education classes and counseling and can open IDAs (special matched savings accounts)Participants who maximize one program finish with $5000 to spend--$1000 of their own savings and $4000 in matching funds--on an asset of their choosing: higher education expenses, a home purchase, or funds to start or expand a small businessThe savings of participants who save for a car are matched one-to-one for a total of up to $4,000. According to the news release, KDVA’s economic empowerment program has helped participants purchase assets that will help them become self-sufficient: 186 have purchased homes; 56 have started small businesses; 322 have pursued a post-secondary degree; and 145 have purchased their own cars.The Kentucky Coalition Against Domestic Violence is a coalition of the state's 15 publicly funded domestic violence programs. window._taboola = window._taboola || []; _taboola.push({article:'auto'}); !function (e, f, u) { e.async = 1; e.src = u; f.parentNode.insertBefore(e, f); }(document.createElement('script'), document.getElementsByTagName('script')[0], '//'); window._taboola = window._taboola || []; _taboola.push({ mode: 'thumbnails-a', container: 'taboola-below-article-thumbnails', placement: 'Below Article Thumbnails', target_type: 'mix' }); window._taboola = window._taboola || []; _taboola.push({flush: true}); × Post a comment as Emoticons [smile] [beam] [wink] [sad] [cool] [innocent] [rolleyes] [whistling] [lol] [huh] [tongue] [love] [sleeping] [yawn] [unsure] [angry] [blink] [crying] [ohmy] [scared] [sleep] [sneaky] [tongue_smile] [thumbdown] [thumbup] [censored] [happybirthday] [ban] [spam] [offtopic] [batman] [ninja] [pirate] [alien] Comment Text Cancel Post comment × Report Cancel Report Abuse

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