RICHARDSON, Texas, Aug. 18, 2015 /PRNewswire-USNewswire/ -- The Richardson Adult Literacy Center (RALC), a nonprofit that provides English as a second language (ESL) instruction to adults, received a $12,000 Partnership Grant Program (PGP) award yesterday from LegacyTexas Bank and the Federal Home Loan Bank of Dallas (FHLB Dallas). The PGP grant will be used to help fund the nonprofit's "ESL for Adults" program.
RALC was founded in 1990 through a collaboration of community organizations that identified a growing need for improved adult ESL instruction.
"The Richardson Adult Literacy Center has provided a vital service to our internationally oriented city for the last 25 years," said Richardson Mayor Paul Voelker. "We're appreciative of LegacyTexas Bank and the Federal Home Loan Bank of Dallas for recognizing the outstanding service the Center offers, and for this grant award benefiting our community. This is a shining example of good corporate citizenship in action."
LegacyTexas Bank, an FHLB Dallas member, participates in the PGP, which provides funding for the operational needs of community-based organizations involved in affordable housing and community investment. FHLB Dallas matches a member's cash contribution to a community-based organization of $500 up to $4,000 at a 3:1 ratio.
"The goal of RALC is to improve adults' English proficiency, so they can meet their personal goals related to work, family, financial stability, and their community," said Kay Carroll, assistant vice president and CRA officer at LegacyTexas. "The organization continues to grow year-over-year with the number of adults they reach. It is a small staff, very organized and dedicated to fulfilling the huge need for ESL instruction in this community."
In 2015, FHLB Dallas awarded $225,000 in PGP awards through its members to support 25 organizations. This is the second year RALC has received a PGP award from LegacyTexas and FHLB Dallas.
"With more than 19,000 adults in our community who don't speak English well or at all, there's a great need for our services," said RALC Executive Director Katie Patterson. "These services are only possible, though, because of the generous financial support provided by businesses such as LegacyTexas and FHLB Dallas."
RALC statistics show that nearly one-third of Richardson's residents speak a language other than English at home, and that more than 75 languages are spoken within the Richardson Independent School District.
"We are honored to support LegacyTexas in its commitment to RALC," said Bruce Hatton, Affordable Housing Program manager at FHLB Dallas. "The PGP exponentially increases the impact of our members' contributions to community-based organizations. It's a win-win any way you look at it."
About LegacyTexas Bank
LegacyTexas Financial Group, Inc. is the holding company for LegacyTexas Bank, a commercially oriented community bank based in Plano, Texas. LegacyTexas Bank operates 47 banking offices in the Dallas/Fort Worth Metroplex and surrounding counties. For more information, please visit www.LegacyTexasFinancialGroup.com or www.LegacyTexas.com.
About the Federal Home Loan Bank of Dallas
The Federal Home Loan Bank of Dallas is one of 11 district banks in the FHLBank system created by Congress in 1932. FHLB Dallas, with total assets of $42.6 billion as of June 30, 2015, is a member-owned cooperative that supports housing and community development by providing competitively priced advances and other credit products to approximately 865 members and associated institutions in Arkansas, Louisiana, Mississippi, New Mexico, and Texas. Visit fhlb.com for more information.
Federal Home Loan Bank of Dallas
SOURCE Federal Home Loan Bank of Dallas