Funds will help nonprofit credit counseling agency arm youth aging
out of foster care system with critical financial literacy, life skill
PHOENIX–(BUSINESS WIRE)–Take Charge America, a national nonprofit credit counseling and debt
management agency, was awarded a $4,000 grant from Cox Charities to
support the agency’s work with at-risk youth.
The grant, which was awarded as part of Cox Charities’ support of local
non-profits this year, will go toward conducting a series of free
financial literacy and life skill workshops for Arizona youth aging out
of the foster care system. The workshops are designed to help youth gain
critical knowledge for entering adulthood and preventing future
setbacks, even without a support system.
“While all teens need guidance when transitioning to adulthood, at-risk
youth from the foster care system are especially in need of core
financial and life skills,” said Take Charge America CEO David
Richardson. “This grant will allow us to reach even more youth and give
them the foundation from which to live independently, obtain a good job
or education, provide their own food, clothing and housing – and to do
so without falling into deep debt.”
Each year, thousands of Arizona children are placed into foster care or
the state’s child welfare system. According to the Arizona Department of
Child Safety, some 800 youths are expected to “age out” of the system in
2016 when they reach 18. These young adults have lived in an average of
2.3 “placements,” including group homes and temporary foster homes.
The Take Charge America curriculum is designed for foster children
between 14 and 19. Typically lasting eight weeks, the program zeroes in
on basic money management, such as budgeting, saving strategies and
credit/debt management; and education and employment topics, including
resume writing, job interviews, and obtaining financial aid and
In 2015, Take Charge America delivered 44 different presentations to
more than 1,500 at-risk youth in Maricopa County.
To learn more about Take Charge America, visit takechargeamerica.org.
About Take Charge America
Since 1987, Take Charge America has been committed to helping people
around the country improve their financial futures. The agency works
with individuals and families facing a variety of financial challenges
to help them achieve self-reliance, financial stability and independence.
The commitment to financial education has helped Take Charge America
become one of the largest nonprofit credit counseling and debt
management agencies in the nation. It has helped more than 1.6 million
people manage their finances and repay more than $5 billion in personal
debts. For more information, please visit takechargeamerica.org.
Andrea Aker, 602-339-7339