Hermanowski Family Foundation Initial Request Form

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Organization Name: Neighborhood Allies
Legal Name (if Different):
Also Known As: Pittsburgh Partnership for Neighborhood Development
Mailing Address: 429 Fourth Ave., Suite 1900
City: Pittsburgh
State: PA
Postal Code: 15219
Main Phone: 4124713727
Main Fax: 4124713746
Organization Website: www.neighborhoodallies.org
Employer ID Number: 251578436
Organization Tax Status: 501(c)3

Proposal Information

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Today’s Date: 3/30/23
Requested Amount: 10,000

Project Title: Fund My Future PGH
Project Description:

Fund My Future PGH helps families start their savings journey. By providing a monthly prize pool, supportive personal assistance, and access to financial education sessions for parents, children from birth to age 18 are given a jump-start toward their future. Fund My Future PGH serves all families in Allegheny County by helping them save for college and other post-secondary goals. Saving for their children is often a first step toward financial stability and generational wealth; we are providing this opportunity for the families of our county, leading them to continued success.

Research shows that children with savings accounts in their names are three times more likely to attend college and four times more likely to graduate. We have seen children graduating from high school familiar with the practice and power of saving. Parents already have the desire and intention to save for their children; many just aren’t doing it, mostly because their attention and energies are taken by other priorities. We provide the nudges, incentives, and assistance to make it happen. We make it fun with chances to win cash prizes each month; and we communicate encouragement and reminders regularly via email, text, voicemail, newsletter, and social media.

We form partnerships with nonprofit organizations that serve the community, such as libraries, churches, schools, afterschool programs, daycare centers, local elected officials, family support centers, and housing communities that serve low- and moderate-income families.

This innovative program model of combining incentives with assistance and leveraging community partnerships, has proven effective at both reaching our target population and achieving long-term change. In the past ten years, we have grown participation to 4,600 families. 83% are women, 67% are African American, and 74% have incomes under $60,000.

Total Project Budget: 200,000

Other Funding
Sources For The Project (Committed & Potential): KeyBank (committed), Hillman Foundation (committed), Citizens Bank (committed), First Commonwealth Bank (committed)

Project Duration: 12 months
Geographical Area Served: Allegheny County, PA
Age Group To Be Served: 0-18

Contact Information

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Contact Prefix (Mr,Mrs etc.): Ms.
Contact First Name: Sarah
Contact Last Name: Perry
Contact Title: Director of Economic Opporunity
Contact Phone: 4124713727 ext. 212
Contact Email: sarah@neighborhoodallies.org