$16K PGP Grant Awarded to Richardson Adult Literacy Center
10 August 2018 - 11:48PM
Business Wire
Partnership Grant Program Funds to Be Used for
Educational Services
There are more than 19,000 adults in the Richardson community
who speak little to no English. This can be an incredible barrier
to those who are seeking living wage work opportunities along with
small businesses looking for competent employees. The Richardson
Adult Literacy Center (RALC) received a $16,000 Partnership Grant
Program (PGP) award from LegacyTexas Bank and the Federal Home Loan
Bank of Dallas (FHLB Dallas) to support English as a Second
Language (ESL) classes for adults.
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LegacyTexas Bank and the Federal Home
Loan Bank of Dallas awarded $16,000 in Partnership Grant Program
funds to Richardson Adult Literacy Center to support English as a
Second Language classes for adults. (Photo: Business Wire)
Members from both financial institutions and representatives
from the nonprofit came together to celebrate the award at a check
presentation this week. Richardson Mayor Paul Voelker, Mayor
Pro Tempore Mark Solomon, council members Mabel Simpson and Scott
Dunn, and Erin Hansen, academy liaison and field coordinator from
the office of Congressman Pete Sessions (TX-32) were also in
attendance.
RALC is a community-based organization (CBO) that provides ESL
instruction to adults who live or work in Richardson. The grant
will support costs for the ESL for Adults program that helps adult
students improve their English to become workforce-ready, enhance
job skills, obtain U.S. citizenship and fully engage in the
community.
“Richardson is very thankful for this show of support from the
Federal Home Loan Bank of Dallas and LegacyTexas Bank,” said Mayor
Voelker. “The Richardson Adult Literacy Center serves an important
mission in our area that is only possible through partnerships, and
this grant shows a tremendous commitment to its continued success
in our community.”
Katie Patterson, RALC’s executive director, says the
organization was first introduced to FHLB Dallas in 2015.
“RALC has a longtime relationship with LegacyTexas,” Ms.
Patterson said. “This institution made us aware of the Federal Home
Loan Bank of Dallas and its amazing opportunities.”
Through this unique grant program, FHLB Dallas member
institutions contribute $500 up to $4,000 to a CBO, which FHLB
Dallas matches at a 3:1 ratio to provide the CBO up to $12,000 in
grant money. In 2018, FHLB Dallas has awarded $300,000 in PGP funds
through 31 member institutions to assist 32 community-based
organizations. Combined with the $114,010 contributed by FHLB
Dallas members, a total of $414,010 has been awarded to the
organizations.
“Our bank fully supports the mission of the Richardson Adult
Literacy Center,” said Mary Bedosky, vice president and banking
center manager at LegacyTexas Bank. “We greatly appreciate the
support from FHLB Dallas for partnering with us on this grant. This
has been a fantastic opportunity to help serve our community.”
This is the second PGP award LegacyTexas Bank and FHLB Dallas
have awarded to RALC. The first PGP award – awarded in 2015 – also
supported the nonprofit’s ESL for Adults program.
“We were incredibly excited when we learned that RALC would be
receiving a PGP award for the second time,” Ms. Patterson said.
“This grant is invaluable as it supports key programmatic elements
of the ESL for Adults program.”
Denise Schmitt, Community Investment operations manager at FHLB
Dallas, said the PGP is designed to strengthen members’ ties to the
community.
“Community investment through the PGP and our other community
investment programs is a cornerstone of FHLB Dallas’ mission,” Ms.
Schmitt said. “Member institutions and their communities benefit
from the PGP because it celebrates partnership between members and
their communities, as well as between FHLB Dallas and our
members.”
Ms. Patterson said the PGP funds help turn RALC’s students’
hopes into reality.
“It is a huge honor to receive a grant of this size,” Ms.
Patterson said. “Now, we are able to help our adult students become
more included and efficient in the community.”
About LegacyTexas Bank
LegacyTexas Financial Group, Inc. (NASDAQ: LTXB), is the holding
company for LegacyTexas Bank, a commercially oriented community
bank based in Plano, Texas. LegacyTexas operates 43 banking offices
in the DFW Metroplex and surrounding counties. For more
information, visit LegacyTexas.com.
About the Federal Home Loan Bank of Dallas
The Federal Home Loan Bank of Dallas is one of 11 district banks
in the FHLBank System created by Congress in 1932. FHLB Dallas,
with total assets of $75.9 billion as of June 30, 2018, is a
member-owned cooperative that supports housing and community
investment by providing competitively priced loans and other credit
products to approximately 825 members and associated institutions
in Arkansas, Louisiana, Mississippi, New Mexico and Texas. For more
information, visit fhlb.com.
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Federal Home Loan Bank of DallasCorporate Communications,
214-441-8445fhlb.com