With record numbers of U.S. adults filing for unemployment, and many people facing a lower income amid COVID-19, the Wells Fargo Foundation is supporting national nonprofits in expanding virtual financial coaching services, cost-free, to help the public adapt. The following four nonprofits, with grant support from Wells Fargo, are now offering personalized and confidential financial coaching and counseling sessions by phone, live chat or video:
– Association for Financial Counseling and Planning Education.
– Cities for Financial Empowerment Fund.
– National Disability Institute
– National Foundation for Credit Counseling.
These efforts are part of the Wells Fargo Foundation’s $175 million commitment to help vulnerable populations navigate through the pandemic, with more than 3,000 grants awarded since March to address public health needs, small business, housing and financial stability challenges. “We want all people to know that financial coaches and counselors provided by nonprofit organizations can assist them with applying for public benefits, figuring out which bills to pay first and where to go for help with rent and other household expenses, and start planning for recovery in a manner that respects their personal situation and preserves financial dignity,” said Darlene Goins, head of financial health philanthropy for the Wells Fargo Foundation.