ATLANTA, Dec. 10, 2012 (GLOBE NEWSWIRE) -- Through its seventh annual Building Community Network program, The Home Depot® Foundation has awarded $20,000 to CredAbility. The donation will be used to provide financial advisory services to low- and moderate-income individuals.
"We are thrilled to receive this support of both collaboration and funding from The Home Depot Foundation," said Phil Baldwin, chief executive officer of CredAbility. "This positive recognition and support will assist us as we expand and enhance our core initiatives and serve the Atlanta community."
Through its Building Community Network program, sponsored in partnership with the Georgia Center for Nonprofits, The Home Depot Foundation connects with some of Atlanta's most effective nonprofit organizations, which are focused on building communities through innovative programs and collaborative partnerships that fall outside of the Foundation's usual areas of giving. This year, 20 nonprofits participated in roundtable discussions and workshops focused on the theme of 'Leadership for Sustainability and Lasting Impact' that addressed the needs nonprofit organizations to explore the role of leadership in organizational long-term health and the importance of growing leaders at every level of an organization. Each organization received a $20,000 grant at the end of the day to support their work on a broad range of issues facing the Atlanta community.
"We feel it is especially important to support local nonprofits that share our goal of creating and maintaining a healthier and more stable Atlanta," said Kelly Caffarelli, president of The Home Depot Foundation. "By creating a partnership with CredAbility, we believe we have the opportunity to make a significant impact on our hometown."
Founded in 1964, CredAbility is one of the leading nonprofit credit counseling and education agencies in the United States, serving clients in all 50 states plus the District of Columbia, Guam, Puerto Rico and the U.S. Virgin Islands, in both English and Spanish. In addition, we provide in-person counseling at offices in five states in the southeast. Service is provided 24/7 by phone at 800.251.2227 and online at www.CredAbility.org.
The CredAbility logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=11910
About The Home Depot Foundation
In 2011, The Home Depot Foundation committed $30 million over three years to nonprofit organizations dedicated to improving the homes of economically disadvantaged veterans. The Home Depot Foundation surpassed the pledge more than a year ahead of schedule. As part of its second annual Celebration of Service campaign, the Foundation is now committing an additional $50 million to housing nonprofits over the next three years in an effort to ensure every veteran has a safe place to call home.
Through Team Depot, the company's associate-led volunteer program, thousands of Home Depot associates volunteer their time and talents to positively transform neighborhoods and perform basic repairs and modifications to homes and to the facilities serving veterans with critical housing needs.
Since its formation in 2002, The Home Depot Foundation has granted more than $300 million to nonprofit organizations improving homes and lives in local communities. To learn more and see our associates in action, visit www.homedepotfoundation.org, follow us on Twitter @homedepotfdn, and like us on Facebook at www.facebook.com/homedepotfoundation.