PROVIDENCE – The Boys & Girls Clubs of Providence will receive a $100,000 boost to its financial software and education efforts courtesy of Webster Bank.
The bank, headquartered in Stamford, Conn., announced the donation last month through its Community Investment Strategy initiative, which supports financial education efforts among students in low- to moderate-income areas. The award, which the Ocean State nonprofit will use to establish a “Finance Lab,” marks the initiative’s first expansion into Rhode Island.
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“Financial literacy is a crucial skill and an important step in preparing our members for success and supporting their economic stability in the future,” Boys & Girls Clubs of Providence CEO Nicole Dufresne said in a statement. “We are thrilled to partner with Webster Bank to bring this opportunity to our teens and help foster the skills needed to achieve their financial goals.”
In Providence, the funding will support financial software and curriculum designed for high schoolers, according to the bank, as well as a separate curriculum intended for 10- to 13-year-olds and their families. The Boys & Girls Clubs’ STEM club, which supports science, technology, engineering and math education; summer youth employment; and Career Launch initiatives will oversee the programming.
The Community Investment Strategy Initiative, launched in 2022, has so far dispersed $1.7 million through partnerships with nine nonprofits in Connecticut, Massachusetts, New York and New Jersey.
Jacquelyn Voghel is a PBN staff writer. You may reach her at Voghel@PBN.com.
