CWC Celebrated Its 10th Birthday with “The Faces of Change”!
In 2015, Common Wealth Charlotte’s (CWC) founder, Darren Ash, formed a team to study clinical data on financial trauma. He and members of the team traveled extensively around the U.S. speaking with other organizations engaged in similar activities. Ten years later, the experiment is a success. CWC proves every day that a dedicated client can successfully move away from continual reliance on government or charitable assistance into graduated tiers of financial capability. And this Financial Literacy Month, CWC hosted a fundraiser in celebration of its 10th birthday, The Faces of Change, highlighting a 10-Year retrospective of Charlotte's quest for upward economic mobility.
Guests received more than just delicious coffee and warm community. This was a morning of inspiring milestones and motivating stories along with continental breakfast by Manolo's Bakery; a recap of 10 years of outcomes (see below); mingling with CWC staff, investors, volunteers, and clients; as well as an opportunity support CWC financially – totaling over $33,000 raised!
8,600+ client newsletter subscribers.
50 clients completed counseling to become homeownership-eligible through Habitat for Humanity.
86 is the average credit score increase for paid-in-full Opportunity Loans.
2,800+ followers across all social media channels.
$2,100,000 combined assets in checking and savings accounts for 4,600+ previously unbanked clients.
Lent 2,100+ 0%-interest, no-fee loans, totaling over $1,500,000 with a 93%+ repayment rate.
$2,453.50 is the average account balance for previously unbanked clients.
120 referring partners in Mecklenburg County.
250 Generation2080 participants building assets through dollar-for-dollar matched savings.
2,530 Financial Navigator sessions during the COVID-19 pandemic.
8,000+ clients assisted in one-on-one financial counseling sessions.
$1,790,000 in tax refunds to 2,100+ VITA Latino clients, saving them $140,100 in tax prep fees.
26,000+ clients have attended a Financial Empowerment workshop.
30,000 people have worked with CWC.
$19,000,000 of combined home value is being sustained through dollar-for-dollar matched savings by MyAffordableHome participants.
This was such an incredibly impactful morning for everyone in attendance, and CWC is excited to host again next year – thank you to everyone for the investments, referrals, and support given throughout the years!
To view photos from the event, please click here (courtesy of Ernesto Moreno Photography).
A huge thank you to these “faces of change” who made this event possible and free for guests to attend: Bragg Financial, Pinnacle Financial Partners, Skyla Credit Union, Southern First Bank, Chapman and Cutler LLC, Dogwood State Bank, and U.S. Bank – we appreciate your support!
