Featured image forPATF Receives $22,000 Grant to Expand Loan Program and Financial Education Initiative

Posted July 26th, 2016 by in Grants, PATF

Pennsylvania Assistive Technology Foundation (PATF) has received a $22,000 grant from the Eleanor M. Mathers Fund of The Philadelphia Foundation to support its Loan and Financial Education Programs. Announcement of the grant was made by Pedro A. Ramos, President and CEO of the Foundation.

Susan Tachau, CEO of PATF, said the funds would be used to expand the loan program and financial education initiative, as well as provide other program support. “We are very excited to have this opportunity to help more Pennsylvanians with disabilities in the Southeast with this unrestricted grant!” said Tachau.

PATF was started in 1998 to provide financing for people with disabilities to get the assistive technology devices and services they need. Today it has extended over $34 million in loans with a default rate that is less than 1%. PATF has expanded to provide financial education as well, recently launching the online resource www.centsandsensibility.us.

About The Philadelphia Foundation

One of America’s oldest community foundations (founded in 1918), The Philadelphia Foundation (TPF) is committed to improving the quality of life in the Pennsylvania counties of Greater Philadelphia (Bucks, Chester, Delaware, Montgomery and Philadelphia). A foundation and a public charity, TPF manages assets of approximately $370 million and more than 900 charitable funds established by its fund holders. It distributes about $25 million annually to nearly 1,000 nonprofits as grants and scholarships, and promotes greater philanthropy and stronger nonprofits in service to community needs. To learn more, visit www.philafound.org.