The Fairmont State Foundation announced it received a $7,000 grant from Truist West Virginia Foundation to support a series of financial literacy seminars benefiting Fairmont State students and staff as well as the broader community.
“The Truist West Virginia Foundation continues to demonstrate their enduring commitment to preparing for the future of Fairmont State University and our state while also working to improve our present. These seminars will have a positive effect on the lives of our students, our university as well as our communities,” said Anne Bolyard, President of the Fairmont State Foundation.
Financial literacy is crucial as it equips individuals with the knowledge and skills to manage personal finances effectively, leading to informed decision-making, responsible budgeting and debt management. It helps people save for the future, avoid financial scams and invest wisely, contributing to both personal financial stability and broader economic health. By empowering individuals with financial knowledge, financial literacy promotes independence, reduces stress and enhances overall quality of life.
The grant will fund seminars on topics such as banking, credit cards, housing loans and leases, budgeting, tax preparation, health and financial benefits and insurance choices. The goal of the project is to educate participants so they can make good financial decisions.
The financial literacy seminars will be organized by the Office of Financial Aid and the College of Business & Aviation, both of whom intend to expand current financial literacy programming. These offices plan to collect and utilize data and feedback from these seminars to improve and refine the program as it continues to grow.
“Financial literacy is a key focus area of the Truist West Virginia Foundation. All people and communities should have an equal opportunity to thrive. Through our partnership with innovative organizations like Fairmont State Foundation and a refined focus on supporting key areas, the communities we serve have a chance for a better quality of life,” said Courtney Pack, Executive Director of the Truist West Virginia Foundation. “The Truist West Virginia Foundation is pleased to support this financial literacy initiative. We believe the Truist West Virginia Foundation contribution to Fairmont State Foundation will help make a difference in the lives of many.”
