WiNGS Receives $30,000 Grant from Truist to Help Women Improve Financial Literacy

 

DALLAS, October 14, 2021 – WiNGS today announced it received a $30,000 grant from Truist Financial Corporation through its Truist Charitable Fund, a donor-advised fund at The Winston-Salem Foundation, to support WiNGS Economic Advancement programs, helping women build financial security and assets and develop important work skills.

“Thanks to support from organizations like Truist, we are able to continue our work and help women build financial security and develop important work skills,” said Kate Rose Marquez, chief executive officer of WiNGS. “Our goal is to empower women through one-on-one coaching and tailored action plans. This grant will help us serve even more women as they achieve their goals and imagine new possibilities.”

Women of color are the face of poverty in Texas. Nearly one in six Texas women and girls lack financial resources to care for themselves and their families. In the Dallas metro area, 30% of women are heads of households; yet they represent 53% of households living in poverty. WiNGS is uniquely positioned to serve these women. WiNGS’ Economic Advancement programs intervene to help women and their families escape poverty and imagine a future for themselves and their children.

WiNGS Economic Advancement program successfully serves the community and builds financial resiliency through personal financial capabilities and higher income opportunities. WiNGS provides programs in a variety of ways such as one-on-one counseling and curriculum designed to meet a woman where she is. WiNGS sets high program benchmarks and walks alongside clients to achieve their goals, including:

  • 70% of members with a savings goal will increase savings within 12 months, with an average increase of $1,250.
  • 50% of members with a debt goal will reduce unsecured debt within 12 months, with an average decrease of $3,000.
  • 50% of members with a credit goal will improve their FICO credit score within 12 months, with an average increase of 55 points.

“WiNGS provides women throughout Dallas with education, resources and support that enables them to increase their financial security, support their families and unlock career opportunities,” said Christian Corts, North Texas regional president for Truist. “Truist is a purpose-driven company that is committed to inspire and build better lives and communities, and this grant will help ensure even more women have access to WiNGS and resources to help them improve their lives.”

To learn more about WiNGS, visit wingsdallas.org

 

About WiNGS

Founded in 1908, WiNGS offers robust and immediate solutions to women in the Dallas community, constantly evolving to meet women’s changing needs. Formerly the Dallas YWCA, WiNGS has a long history of empowering women to lift themselves out of poverty and adversity, while pursuing a new chapter for themselves and their children. They provide a tailored suite of services and resources – including financial literacy, one-on-one financial coaching and the Nurse-Family Partnership – to help women gain confidence and skills needed to start a new chapter, a new business or a new family. Learn more at wingsdallas.org.

 

About Truist Charitable Fund

The Truist Charitable Fund is a donor-advised fund created by Truist and administered by The Winston-Salem Foundation.

 

About Truist Charitable Fund

Truist Financial Corporation (NYSE: TFC) is a purpose-driven financial services company committed to inspiring and building better lives and communities. Formed by the historic merger of equals of BB&T and SunTrust, Truist has leading market share in many high-growth markets in the country. The company offers a wide range of services including retail, small business and commercial banking; asset management; capital markets; commercial real estate; corporate and institutional banking; insurance; mortgage; payments; specialized lending and wealth management. Headquartered in Charlotte, North Carolina, Truist is a top 10 U.S. commercial bank. Truist Bank, Member FDIC. Learn more at Truist.com.

 

CONTACT:

Emily Wingate, Sunwest Communications

ewingate@sunwestpr.com

Audria Belton, Truist

media@truist.com

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