United Way of Southeast Alaska and British Petroleum (BP) donate $2, 500 to the THRHA Voluntary Income Tax Assistance site (VITA) and an additional $2, 500 is donated by United Way of Southeast Alaska and Wells Fargo to the Financial Cent$ program! THRHA’s Financial Cent$ program provides a vast amount of services to community members with the majority of services being free of charge to clients. The Financial Cent$ program is based on the belief that financially literate communities create healthy, sustainable, and empowered communities. Financial Cent$ also supports maintaining sustainable economies by keeping money in the community. The Free Tax Preparation VITA site eliminates the cost of tax preparation, returns those savings to clients and filters money back into communities. In 2013 the VITA sites prepared 222 taxes, in 2014 357 taxes were prepared and this year we are already surpassing those numbers at 355 taxes prepared with more than a month left in the tax season. The average cost to prepare your taxes is $300.00 per person which means clients have saved $280, 200 to date.
The $2, 500 donated by United Way and BP to the VITA site will help with payment for equipment, supplies, and the cost of travel to Southeast communities. Travel around Southeast communities is costly, so monetary contributions will greatly help with the expansion of THRHA’s Free Tax Preparation program.
United Way and Wells Fargo also donated e $2, 500 to the Financial Cent$ program which will allow for further expansion into more communities in the Southeast Alaska region. The Financial Cent$ program is a financial literacy advocacy program focused on adult, youth, and community specific education. Classes range from learning about the culture of money, budgeting and savings, to credit, home-ownership and college preparation. THRHA aims to keep this program free program to enhance client self-sufficiency. Donations to the program are immensely appreciated and will provide the Financial Cent$ program the necessary resources to reach more Alaskans. The donation and support United Way, BP and Wells Fargo, and we look forward to continuing the partnership in the future.