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WECO Fund, Inc.

The WECO Fund is a human service organization that has provided four AFI grants since 2000, with the objective of spreading ideas of asset building to increase economic self-sufficiency.

The fund emphasizes homeownership, postsecondary education, and business capitalization, with the goal of increasing economic self-sufficiency. This grantee has been successful in opening IDAs, managing cash outs, and helping participants increase savings and reduce debt.

Partners

Partners for the fund include the American Red Cross of Greater Cleveland and Cleveland Botanical Gardens, providing program support.

Assets for Independence Grant History

Name	Amount	Start Date	End Date
90EI0652	$70,000	9/1/2010	9/1/2012
90EI0568	$129,150	4/1/2009	9/1/2012
90EI0492	$25,000	9/30/2007	9/1/2012
90EI0063	$280,000	9/30/2000	9/29/2006

Project Title

Cleveland IDA Program

Highlights/Outcomes

142 IDAs have been opened.

155 participants have received financial education.

$45,450 saved by participants.

92 participants have purchased an asset.

Total AFI Funding

Total AFI Grant Funding: $504,150
Total Non-Federal Support: $504,150

Focus Population

The WECO Fund targets eligible participants of the American Red Cross of Greater Cleveland's Nurse Assistant Training Program and Cleveland Botanical Gardens Green Corps Urban Youth Program. This grantee covers Cuyahoga County, OH.

Contact

WECO Fund, Inc.
3209 Chester Ave
Cleveland, OH 44114-2025
(216) 458-0250
http://www.wecofund.com