IRVINE, Calif .– (COMMERCIAL THREAD) – The Federal Home Loan Bank of San Francisco (FHLBank San Francisco) announced that WISEPlace is the recipient of an AHEAD grant of $ 37,500.
WISEPlace is a First Foundation Inc., (NASDAQ: FFWM), a nonprofit partner of Supporting Our Communities that received a $ 25,000 grant for its work to end homelessness for women.
“We are very grateful for the grant and our partnership with First Foundation,” said Brateil Aghasi, CEO of WISEPlace. “The women at WISEPlace are strong, intelligent and employable and most have been forced into uninvolved homelessness – divorce, job loss, illness – and quickly found themselves alone in their cars or outside due to the lack of affordable housing. At WISEPlace, they can be safe, receive guidance and support, and get back on their feet. Imagine how terrifying it is to be alone and homeless during a pandemic, ”she said. “With COVID-19 leading to unemployment and economic distress, vulnerable women need housing and support more than ever. ”
WISEPlace is the only Orange County-based nonprofit leading the effort to end homelessness for unaccompanied women. It provides women with a safe transitional and emergency shelter, counseling and mental health services, substance abuse case management and recovery, and employment assistance to help them rebuild their lives.
The First Foundation’s grant in 2019 included not only financial support, but also professional advice related to its nonprofit activities, including: fundraising; donor culture and stewardship; donation planning design; training of staff and board of directors; campaign planning; construction of panels; development of essential policies and protocols; organizational planning; and advise on the implementation of best practices in tax matters such as cash management and investment strategies.
WISEPlace has served 8,100 women over its 90-year history. Nearly one in four homeless Americans can be classified as an unaccompanied woman, and people aged 62 or older are the fastest growing homeless population in the United States. WISEPlace is where an adult woman of any age can get the help and support they need from a dedicated team of case managers, advocates and counselors. Through its programs, WISEPlace ensures the transition of 75% of its clients to stable housing and 81% are able to obtain employment.
“We are delighted that our First Foundation member is using our AHEAD grants program to support WISEplace and the women it serves,” said Marietta Núñez, Senior Vice President and Head of Community Investments at FHLBank San Francisco. “The work they do, providing shelter and so much more to give hope to unaccompanied women, is especially valuable in these uncertain times.”
For over 90 years, WISEPlace has served over 8,100 women by providing transitional and emergency shelter, counseling and mental health services, addiction case management and recovery, and support. for employment to help them rebuild their lives. The nonprofit is the only organization based in Orange County leading the effort to end homelessness for unaccompanied women. Originally established as South Orange County YWCA, WISEPlace instills hope in women and paves the way for personal stability, so that they are not alone in the face of adversity. More recently, the organization announced a housing development partnership to build permanent supportive housing while continuing essential services offered to all participants. WISEPlace is headquartered in Santa Ana, California. For more information, visit www.wiseplace.org.
About the first foundation
First Foundation (NASDAQ: FFWM), a financial institution founded in 1990, provides banking services to individuals, businesses and private wealth management. The company has offices in California, Nevada, and Hawaii, and is headquartered in Irvine, California. For more information, please visit www.firstfoundationinc.com.
About FHLBank San Francisco
FHLBank San Francisco is a member-driven cooperative that helps local lenders in Arizona, California, and Nevada strengthen communities, create opportunity, and change lives for the better. The tools and resources we provide to our member financial institutions promote home ownership, expand access to quality housing and stimulate economic development. AHEAD grants are awarded annually and delivered through Bank member financial institutions to local community organizations for projects and programs that benefit low-income and underserved communities.