Verizon supports statewide economic empowerment and financial education services for domestic violence survivors

FRANKFORT, Ky.  (Oct. 17, 2016) – Verizon has made a $20,000 grant to the Kentucky Coalition Against Domestic Violence (KCADV) to support its economic empowerment program.

The funds will be used to support financial education classes, credit counseling, Individual Development Accounts (IDAs), and microloans for survivors served by the state’s 15 regional domestic violence programs and state community college system.

The grant is the latest example of Verizon’s commitment to domestic violence awareness and prevention through its HopeLine program, which takes community donated phones from any carrier and turns them into grants which are invested back into nonprofits in the community, said Steve Van Dinter, public relations manager for Verizon’s Great Lakes Market.

“We are pleased to announce this grant during Domestic Violence Awareness Month,” Van Dinter said. “KCADV’s Economic Empowerment Program is truly instrumental in helping domestic violence survivors become self sufficient. By supporting this program, Verizon is part of a community-coordinated response to a pervasive problem that affects far too many people.”

About 2,100 participants working toward self-sufficiency through the project. Participants open special matched, savings accounts called Individual Development Accounts (IDAs) and use their savings to purchase vehicles, a post-secondary education, a first home or start a small business. So far, participants have made more than 600 asset purchases totaling more than $2 million.

Kentuckians looking to join the cause can bring any used cell phone from any carrier to a local Verizon store and drop it in their HopeLine bin. These phones are turned into cash and given back to the community in the form of grants like this one.

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