Financial Empowerment

Financial Empowerment

The poverty cycle’s impacts are far-reaching, and small setbacks can easily become insurmountable obstacles. The Barancik Foundation supports our partners’ efforts to end the cycle, with programs to help Sarasota’s ‘working poor’ create means that are livable, and live within their means. By helping parents create more stability at home, we enable kids to focus on school instead of hunger, and everyone can achieve more.

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Homeless Families Provided Services Annually

Transformational Services for Families and Youth

The need for emergency, supportive and transitional housing for families on the brink of homelessness is greater than ever.

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Other Featured Programs

A dire need for top engineering talent exists in the Sarasota market, and the growth of local companies and the economy depends upon the development of this talent. Through a five-year, $1 million investment, the Barancik Foundation partnered with the University of Florida Herbert Wertheim College of Engineering to create the UF Innovation Station, which focuses on opportunities in science, technology, engineering, and math. The project establishes a K-12 outreach program that creates service learning experiences and pipelines students to UF and then back into local companies after graduation, strengthening the economy and developing role models for future generations.

Grants & Initiatives

Gulf Coast Community Foundation: $94,600 to support the expansion of the Financial Sustainability Initiative to serve more homeless families at The Salvation Army. To help struggling families emerge from poverty and become self-sufficient, Gulf Coast partnered with United Way Suncoast to develop a brand-new approach to financial education and support. The initiative has three strategies: 1.) Basic financial education reinforced with behavioral coaching; 2.) Helping families build actual financial assets; and, 3.) Securing alternatives to payday loans and other forms of high-cost debt.

A grant of $539,340 to Legal Aid of Manasota to fund the Legal Lifeline pilot program to assist youth in foster care as they navigate the legal system. Legal Aid will hire two attorneys to work exclusively with children in foster care to conduct “legal health checks,” represent them in court and to develop transition plans for youth aging out of the system.

Greater Sarasota Chamber of Commerce Foundation: $50,000 in start-up funds for a redevelopment project to create a full-service restaurant in the Newtown neighborhood, providing workforce and economic development in the area. Restaurant revenue will be reinvested in restaurant workforce and economic development projects in the community.

CareerEdge Funders Collaborative: $227,500 to support an internship incentive program. The program will place 125 students with paid internships at local companies. The companies will receive technical assistance and cash incentives to start or expand internship programs.

A grant of $100,000 to Gulf Coast Community Foundation for the St. Vincent DePaul Suncoast Rapid Rehousing Program, which quickly connects chronically homeless adults to permanent housing, case management and financial assistance.

A grant of $19,159 to Mothers Helping Mothers to increase operational efficiency.

A grant of $75,000 to the Greater Sarasota Chamber of Commerce Foundation to support CareerEdge, a highly successful workforce developer program.

A grant of $562,080 over three years to the Suncoast Partnership to End Homelessness to pilot the SOAR Team program to connect homeless individuals with available resources and assist those that might be eligible in obtaining social security supplemental income, disability, and other benefits.

United Way Suncoast: $60,000 to support the Volunteer Income Tax Assistance program, which provides free tax return preparation and filing for low-income families in Sarasota and DeSoto counties.

The Greater Sarasota Chamber of Commerce Foundation formed a new partnership with CareerEdge, a workforce development initiative, which Barancik Foundation will support through a $75,000 grant.

Barancik Foundation board approved a $2 million-dollar grant Sarasota Housing Authority for 30 units in the Lofts on Lemon project for Sarasota County’s “Hometown Heroes.” These units will be reserved for public school teachers, law enforcement and other first responders.