The Paul G. Allen Family Foundation has announced grants totaling $9 million for asset-building programs that promote long-term economic stability in the Pacific Northwest and to strengthen public libraries in Washington.
Through its asset-building program, the foundation awarded $8.5 million in grants to eighty-four nonprofits working to help low-income individuals in rural and urban communities build financial assets, obtain job training and vocational skills, establish their own small businesses, and improve their financial literacy. Awards included $300,000 to Seattle-based Building Changes to expand its Economic Opportunity Initiative; $300,000 to Lummi Nation Service Organization in Bellingham, Washington, to help tribe members develop and successfully manage small businesses; $225,000 to the Great Falls-based Montana Homeownership Network for a matched savings and education program that helps individuals establish regular savings habits and minimize their use of check-cashing services; and $190,000 to Rural Development Initiatives in Eugene, Oregon, to help low-income Latinos in rural Oregon acquire basic financial literacy skills and launch microenterprises.
In addition, the foundation launched a new initiative designed to strengthen libraries and the role that librarians play in connecting people to information and ideas and, through the initiative, awarded $426,000 to seven public libraries in Washington state.
"With an increasingly complex set of challenges facing low-income families in our communities, many of our latest grant awards are focused on helping create pathways for people to build and maintain long-term social and economic assets," said Susan M. Coliton, vice president of the Paul G. Allen Family Foundation. "All of the foundation's grants reflect our longstanding mission to transform lives and strengthen communities."
For a complete list of grantees, visit the Allen Family Foundation Web site.