Friday, April 6, 2007

Freddie Mac Sponsors Children’s Fund

Freddie Mac has granted $750,000 to the Children’s Defense Fund (CDF), an organization that supports vulnerable children and their families and helps low- to moderate-income households across the country. The grant will enable CDF to open 130 new assistance sites and file 112,000 tax returns on behalf of families with low or moderate income. The initiative aims to improve the families’ financial conditions and ensure long-term financial independence for households and their children.

CDF has helped more than 114,000 taxpayers file their returns and receive $170,000 in tax refunds and child tax credits since 2002. The Fund depends on foundation and corporate grants and individual donations and pays particular attention to the needs of minority children and children with disabilities. It was founded in 1973 and has never taken government funds. The Freddie Mac Foundation, which provided the financing, has helped improve the well-being of more than 1.7 million children over the past 15 years, preventing child abuse and neglect, finding homes for foster children, and helping children and their families achieve financial independence.

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