Aligning with our values and belief in community investment, we established The Foundation for Financial Independence in 2021 to give communities, who have been historically excluded from financial education, with opportunities to build wealth.
At Heritage Wealth Advisors, we help our clients enrich their lives and communities through philanthropic contributions, institutional management, and legacy building.
Each year, we give back to local community organizations and nonprofit groups with grant awards totaling an average of $15,000.
Our selection committee carefully selects and vets awardees, and we thoughtfully select organizations who we feel positively impact and enrich the lives of our neighbors.
“We sincerely believe that in a community with equitable opportunities for good jobs and ways to build family wealth, people can reach their goals and create a brighter future – for themselves and for their whole community.”
Takisha not only serves as a part of our selection committee, but also is neighbors with our first grant recipient, Neighborhood Resource Center Fulton. They used their grant award to support its Financial Opportunity Center, NRC Works which offers financial and employment coaching.
Heritage Wealth Advisors and the Foundation for Financial Independence (FFI) are delighted to announce the recipients of the 2023 grant awards, The Fountain Fund and Neighborhood Resource Center. Each organization has been granted $15,000 to bolster their efforts in fostering economic security for individuals and families in the greater Richmond, VA, and Charlottesville, VA, regions.
The Fountain Fund, headquartered in Charlottesville, VA, is dedicated to expanding economic opportunities for formerly incarcerated individuals, enabling them to enhance their lives and reintegrate into their communities. By providing low-interest loans and personalized financial coaching, The Fountain Fund empowers formerly incarcerated individuals to build credit, achieve self-defined goals, and advocate for policies that enhance economic prospects for this demographic.
Neighborhood Resource Center (NRC), located in Richmond, VA, is committed to nurturing relationships, sharing resources, and cultivating skills to improve lives in Greater Fulton and east Henrico County. Through its Core Programs, NRC Works offers critical services to 100 community members, including complimentary financial, employment, and income support coaching. This initiative equips individuals with essential skills such as resume writing, budget management, and accessing government benefits to bolster financial stability.
Heritage Wealth Advisors and the Foundation for Financial Independence (FFI) awarded grants totaling $20,000 to Neighborhood Resource Center (NRC) and Southside Community Development & Housing Corporation, each received $10,000 to support their work in building economic security for individuals and families in the greater Richmond, VA area.
Neighborhood Resource Center (NRC) used the $10,000 grant to support NRC Fulton’s support its Financial Opportunity Center, known as NRC WORKS. “Our community members come to us with a variety of goals, such as finding a better job, addressing the cost of living, or saving for a new home,” said Breanne Armbrust, executive director of the Neighborhood Resource Center. “With our Financial Opportunity Center, we personalize financial coaching to meet each individual where they are. Credit scores for our members improve by 183 points on average and average net assets increase by $1,000 per month!”
Southside Community Development & Housing Corporation used the $10,000 grant to support its bilingual finacial services, which includes holistic financial and employment coaching, as well as a homeownership counseling program. “We appreciate the respect that Heritage and its Foundation for Financial Independence displayed when learning about our clients and how we work with them to achieve their goals,” said Dianna Bowser, SCDHC President & CEO.
We established the foundation for financial independence as a pledge to the lifelong commitment of enriching our communities. If you would like to learn more about how we can establish a nonprofit institution for your family or organization, or are an existing nonprofit organization who would like our help, please contact us.