Washington, D.C., May 14, 2020 (GLOBE NEWSWIRE) -- The Foundation for Financial Planning (FFP), a 501(c)(3) nonprofit organization dedicated to expanding access to pro bono financial planning for people in crisis or need, has announced the launch of its COVID-19 Financial Resilience Fund, fueled by a $500,000 matching commitment from Charles Schwab Foundation. All qualified contributions to the Fund will be matched dollar-for-dollar, creating a total potential of $1 million to help bring pro bono financial planning and advice to low-income workers and other groups impacted by the COVID-19 pandemic.
The COVID-19 Financial Resilience Fund will help support a range of new offerings and programs that FFP has spearheaded in response to the crisis, including:
“This pandemic has left millions of Americans facing financial hardship. Families have experienced a loss of income and are struggling to pay for food, housing, and other basic needs, while those on the frontline, like our healthcare first responders, have little to no time to focus on their finances,” said Jon Dauphiné, Chief Executive Officer of FFP. “The COVID-19 Financial Resilience Fund will help raise resources to bring free financial guidance to people who need it now more than ever, and we are so grateful to the Schwab Foundation for helping to make this possible.”
“Charles Schwab Foundation has long been committed to expanding access to quality financial education and advice,” said Carrie Schwab-Pomerantz, President of Charles Schwab Foundation. “In the face of this unprecedented crisis, we are proud to support FFP’s efforts to provide financially struggling families with a trusted expert they can turn to for help.”
Charles Schwab Foundation’s commitment to FFP is part of more than $2 million it has pledged in response to the COVID-19 crisis, having also made contributions in support of local food banks and community foundations, the CDC Foundation, the Boys & Girls Clubs of America’s Emergency Response Fund and more.
Bernie Clark, a longtime trustee of the Foundation for Financial Planning and Executive Vice President of Schwab Advisor Services, added that he expects financial advisors will rally around FFP’s call for service during this time of need: “RIAs always rise to the occasion, and they recognize the Foundation for Financial Planning as the driving force in pro bono engagement in this profession. I encourage all CFP® professionals to get involved by registering at CFPVolunteerMatch.org and donating to the COVID-19 Financial Resilience Fund. The need is great, and the mission is critical.”
Those interested in supporting the COVID-19 Financial Resilience Fund can learn more at FFPprobono.org/COVID-19Fund. Commitments of $1,000 or more can be paid over up to five years, and those pledging $25,000 over five years will be specially recognized as top champions of FFP’s COVID-19-related efforts.
About the Foundation for Financial Planning
The Foundation for Financial Planning is a Washington, DC-based 501(c)(3) charitable organization, solely devoted to supporting the delivery of pro bono financial planning to at-risk populations, including active military members and wounded veterans, people with cancer and other serious medical diagnoses, seniors and family caregivers, low-income individuals and their families, domestic violence survivors and many more. Dedicated to powering pro bono financial planning, FFP has provided close to $8 million in grants to national and community-based pro bono programs; worked with partners to activate more than 22,000 financial planners to volunteer their time and talents; and acted as a leader and catalyst to embed a rich tradition of pro bono service across the financial planning profession. Visit FFPprobono.org to learn more.