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SAN ANTONIO, TX– NALCAB, the National Association for Latino Community Asset Builders– has received a $1.5 million grant from the Wells Fargo Foundation to expand itsfamily financial capability program across the NALCAB network. The funding will quadruple the reach of its community-based financial coaching and counseling for Latino and immigrant families.

“The funding will allow us to continue to positively impact the needs in these growing communities,” said Noel Poyo, Executive Director of NALCAB. “We are honored that the Wells Fargo Foundation has continued to partner with us and understands the unique challenges they face.”

With Wells Fargo’s support, NALCAB will provide grants of $45,000 to up to 12 organizations for a period of 18 months. In addition to grant funding, NALCAB will provide customized technical assistance and will facilitate a community of practice among grantees to address needs identified in selected proposals and within the broader industry.This program of grant-making, technical assistance and training is intended to help integrate financial capability curricula and coaching into existing asset building programs.

“We want to empower families and communities to build an exciting future and an important part of that is learning money management skills that can help you reach your goals,” said Mike Rizer, head of Community Relations for Wells Fargo. “NALCAB has a proven track record and stellar network of nonprofit partners who know how to truly be there at the local level working alongside each family or small business. This grant is meant to significantly expand its successful work in Latino and immigrant communities.”

Grant proposals will be accepted on or before September 28, 2018 at 11:59 PM PDT.