SAFE HARBOR RECEIVES ALLSTATE FINANCIAL EMPOWERMENT GRANT
Safe Harbor of Northeast Kentucky recently received a $7,500 grant from the Allstate Foundation to provide ongoing financial education services to domestic violence victims in its transitional program.
The grant was one of 20 awarded across the nation to domestic violence programs, with the program year running from Nov. 1 through Oct. 31, 2014, said Ann Perkins, executive director of Safe Harbor.
“Our research has found that survivors of domestic violence benefit greatly from financial literacy services once they have moved beyond crisis or shelter services,” said Madeline Halperin-Robinson of the Allstate Foundation. “Survivors of domestic violence need specialized tools and strategies to address financial challenges and plan for safe, secure futures.
“However, few resources exist to assist survivors with the economic challenges they face. The Allstate Foundation is using the same skills and resources our agency owners use every day to help survivors better understand their personal finances and build assets.”
During the past seven years, the foundation has invested more than $30 million in communities across the U.S. to help underwrite programs benefitting survivors of domestic violence, Mrs. Halperin-Robinson said.
Safe Harbor’s Yes, I Can program will provide financial education and empowerment to domestic violence survivors in its transitional program, Mrs. Perkins said. Some of the main components of the curriculum are budgeting, establishment of credit and/or credit repair, banking skills and saving for important life investments, such as purchasing a vehicle or home through the creation of an Individual Development Account (IDA). The IDA program encourages consistent saving and is coupled with a financial match through the Kentucky Domestic Violence Association.
In addition to a strong focus on adult survivors of domestic violence, Safe Harbor’s Yes, I Can program will include specialized group and individual classes for the victims’ children, Mrs. Perkins said, adding that helping children understand the key elements of financial literacy empowers them to move beyond the cycle of violence that they have witnessed.
“We are thrilled that the Allstate Foundation chose Safe Harbor as a recipient for this grant,” Mrs. Perkins said. “This is a wonderful opportunity for our families as so many women don’t leave abusive situations because they fear they cannot make it on their own. Through this program, they will get the help they need to get back on their feet.”