Bank of America has supported the work of National Disability Institute (NDI) in order to change the thinking and financial health of people with disabilities, their families and the general public. NDI’s innovative training, technical assistance and demonstration programs have yielded new choices and financial well-being for individuals with disabilities associated with work, saving and asset development.
NDI has worked closely with Bank of America on the integration of financial education, free tax preparation and other financial health strategies into the service delivery of organizations. Recently, NDI has supported the development of new lessons and videos for Better Money Habits that are focused specifically to support individuals with intellectual and/or developmental disabilities and their families. These new lessons and materials help build an understanding of key concepts regarding spending and saving, banking basics and financial safety. NDI has begun to adapt these habits lessons for people who are deaf or hard of hearing.
NDI helps people with disabilities establish financial security and well-being through initiatives such as the Real Economic Impact Network (REI Network), a national alliance of organizations and individuals dedicated to building inclusive communities that support the economic advancement of people with disabilities. As both a sponsor and collaborator, Bank of America has enabled NDI to identify new and impactful ways for Americans with disabilities to achieve economic mobility. Bank of America was an inaugural sponsor of the ABLE National Resource Center, which is managed by NDI, to provide individuals with disabilities and their families an independent, objective information source to help understand ABLE accounts and to assist in selecting a state ABLE program that meets their needs. Opening an ABLE account will allow millions of individuals with disabilities to become savers without fear of loss of needed federal public benefits such as Supplemental Security Income (SSI), Medicaid and food assistance.
“By continuing our support of organizations like National Disability Institute, the Bank of America Charitable Foundation helps individuals with disabilities make more informed financial decisions, preserve income and develop assets. The result is to build a better economic future for people with disabilities and their families,” said Kerry Sullivan, President of the Bank of America Charitable Foundation.
“Bank of America continues to be a leader and innovator in shaping public perception around the full economic participation of people with disabilities in communities nationwide. The importance of integrating financial capability strategies into human and social service delivery systems has been a key part of our collaboration and together we will continue this effort,” said Thomas Foley, NDI Executive Director. “NDI envisions a society where people with disabilities have the same opportunities to achieve financial stability and independence as those without disabilities. With partners like Bank of America, we’re working to make this a reality.”
To learn more about training opportunities and pioneering pathways to a better economic future for people with disabilities, please visit www.nationaldisabilityinstitute.org. To learn more about ABLE programs and the benefits of an ABLE account, please visit www.ablenrc.org.