September 2, 2021
CONTACT: Emily Wingate, firstname.lastname@example.org, 469-767-1689
JPMorgan Chase Gives WiNGS $100,000 Boost to Fund Southern Dallas Initiative
Grant will continue and strengthen WiNGS programming in Southern Dallas
DALLAS – WiNGS – a 113-year-old nonprofit organization that empowers women, fights poverty and impacts generations – has received a $100,000 grant from JPMorgan Chase to help fund the organization’s Southern Dallas Initiative.
WiNGS’ Southern Dallas Initiative will create greater opportunities for women to overcome barriers that stand between them and financial stability. This initiative will provide placed-based programming that is an integrated economic advancement collaborative within multiple sites in South Dallas.
WiNGS will use the grant funds to pair women in South Dallas with trained financial coaches to help them achieve financial security and long-term goals. A portion of the grant will also be used to build an online portal which will reduce common barriers to financial coaching and support in-person coaching. The new portal will allow the women to go online to view available service opportunities, register for classes, attend live and recorded classes, create coaching appointments and complete assessments to measure growth. The portal will also capture critical information such as which courses are the most sought after, searched for and even least popular – allowing WiNGS to tailor content relevant to their clients.
For decades, WiNGS has provided women in our community the curriculum and one-on-one coaching they need to understand their finances, decrease debt, increase savings and increase their credit scores. In the past fiscal WiNGS’ clients with goals in savings, credit or debt showed the following outcomes:
- 55% with a savings goal increased savings by an average of $1,404.
- 64% with a credit goal increased their score by an average of 46-points.
- 46% with a debt goal decreased their debt by an average of $10,079.
All of this during a pandemic!
“Thanks to support from organizations like JPMorgan Chase, we are able to continue our work and advance our mission in communities that need our services,” said Kate Rose Marquez, chief executive officer of WiNGS. “Through this initiative, we are committed to making our services more accessible to our South Dallas neighbors and advancing a collaborative service-delivery model.”
“We believe in what WiNGS is doing to empower women and create long-term change in the Dallas community,” said Terri Thomas, Community Manager of Chase. “We are proud to collaborate with WiNGS to support its Southern Dallas Initiative and invest in tailored programs that ensure everyone has an equal opportunity to learn financial skills, achieve their goals and build a sustainable life for them and their families.”
Specific Southern Dallas Initiative focuses includes:
- Hiring dedicated staff to establish relationships, focus efforts and ensure relevant programming in South Dallas communities.
- Organizing a Steering Coalition comprised of stakeholders for South Dallas to provide guidance, garner support and create awareness of the collaborative.
- Identifying and engaging collaborative partners committed to a holistic and targeted approach for anti-poverty efforts.
- Leveraging technology tools for client engagement and partner collaborations to address access barriers and build upon learnings through the pandemic.
JPMorgan Chase has a long history of supporting the communities where they live and work. The goal of every invested dollar is to break down barriers to opportunity and create an economy that works for more people.
To learn more about WiNGS and the services they provide, visit wingsdallas.org.
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. wingsdallas.org
About JPMorgan Chase
JPMorgan Chase & Co. is a leading global financial services firm with assets of $3.7 trillion and operations worldwide. The Firm is a leader in investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing, and asset management. A component of the Dow Jones Industrial Average, JPMorgan Chase & Co. serves millions of customers in the United States and many of the world's most prominent corporate, institutional and government clients under its J.P. Morgan and Chase brands.