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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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.

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.

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.