The Retreat Selected for Capital One Bank Financial Literacy ...

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FOR IMMEDIATE RELEASE

THE RETREAT SELECTED FOR CAPITAL ONE BANK FINANCIAL LITERACY CHALLENGE LONG ISLAND

$125,000 awarded to 25 community organizations to encourage financial education among youth, adults, and families across Suffolk and Nassau Counties

East Hampton, NY (August 2, 2012) ?The Retreat has been selected through a competitive application process to participate in Capital One Bank?s first Financial Literacy Challenge on Long Island, an awards program designed to encourage money management best practices among kids and adults throughout Nassau and Suffolk Counties.

The Retreat is one of 25 honorees, spanning across 22 towns throughout Suffolk and Nassau Counties, selected to participate in a challenge to deliver financial education to populations in need. The Retreat?s long-standing commitment to empowering survivors of domestic violence toward achieving financial self-sufficiency has been recognized as an ambition worthy of a $5,000 award; one which will allow The Retreat to continue implementing its existing financial empowerment program, while integrating content from Capital One?s MoneyWi$e curriculum.

Sadly, three out of four Americans fail to connect domestic violence with financial abuse, despite evidence that lack of financial knowledge and resources is the number one reason victims of domestic violence remain in relationships with their abusers. Support from Capital One Bank will afford survivors of domestic violence the opportunity to garner financial fitness and obtain the resources they need to break free, remain self-sufficient, and thrive outside of the grips of violence.

?We have seen firsthand that financial abuse can have serious and long term effects on domestic violence victims. Victims can become trapped in a cycle of poverty, feel hopeless, and as a result, suffer unhealthy physical and psychological effects. This project gives our clients the tools to feel empowered and move towards financial independence. We are grateful to Capital One Bank for funding this critical initiative,? said Jeffrey Friedman, Executive Director of The Retreat.

At the conclusion of the challenge in May 2013, two of the 25 grantees that demonstrate the greatest impact on the populations they serve will each be awarded an additional $15,000 grant, with additional awards presented to one outstanding student participant, adult participant, and volunteer for their commitments to the various financial education programs occurring as part of the Financial Literacy Challenge.

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Contact: Jeffrey Friedman
(631) 329-4398
JFriedman@theretreatinc.org
www.TheRetreatInc.org

Source: http://www.theretreatinc.org/the-retreat-selected-for-capital-one-bank-financial-literacy-challenge-long-island/

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