United Way of Greater Los Angeles Awards MAOF $54,250 Grant
To Promote Financial Stability and Asset BuildingIn the Latino Community
October 8, 2014: United Way of Greater Los Angeles has awarded the Montebello-based Mexican American Opportunity Foundation (MAOF) a $54,250 grant to provide a Financial Stability and Asset building Program within the Southern California Latino Community. This one-year agreement covers the period from July 1, 2014 to June 30, 2015.
With this grant, MAOF will provide 200 low-income individuals/families with financial stability services, such as individual coaching, savings programs, and VITA (Volunteer Income Tax Assistance). In addition, 135 individuals/families will demonstrate improved financial stability, by an increase in personal savings, reduction of debt, and improvement of credit scores. Finally, MAOF has agreed to provide services to 115 families with children in middle school with financial stability services through their participation in financial education workshops.
“This grant will go a long way to provide financial stability services to low-income Latinos in the greater East Los Angeles area”, said MAOF President & CEO Martin Castro. “We are delighted to once again partner with United Way of LA as we provide financial education services and reliable financial products that will assist in lifting our communities out of poverty,” Castro added.
About MAOF: MAOF was founded in 1963 by Dionicio Morales. Its vision and mission is to work to preserve the pride, the values and heritage of the Mexican American Culture. From its small beginnings 51 years ago, MAOF has grown to become one of the Nation’s top 10 Latino non-profit agencies as ranked by Hispanic Business Magazine in 2014. MAOF serves the socio-economic needs of communities throughout Southern California, Monterey and Kern County. MAOF Headquarters are at 401 N. Garfield Ave., Montebello, CA. Telephone is (323) 890-9600.