Recently, Wells Fargo granted $3,530 to the Pole Community Development Corporation to further financial education efforts among low and moderate-income communities in Texas. The two sides are aiming for classes to be offered in both English and Spanish, the Statesman Journal reports.
Mike Barnes, Wells Fargo's Dallas branch manager, along with banker Don Holmberg, presented the check to CDC's executive director, Rita Grady.
"Many experts consider lack of financial management knowledge to be a key factor behind low personal savings rates and high rates of consumer debt," Grady said. "The classes we provide will help local residents learn how to manage their money wisely, strengthen their credit scores and start to build their personal assets," the Statesman Journal relayed.
The financial education classes, which were created by an Oregon State University professor, will be held over four sessions, each lasting 10 hours, in Dallas and Independence.
Like Wells Fargo, other companies and education boards have been awarding education grants for higher learning. These grants have been put into use for better technology, such as interactive whiteboards, personal laptops and even HDMI projectors for classroom use. Ohio recently received $400 million from the U.S. Department of Education to install such technology.
