Newark Nonprofit Wealth Project Empowers Local Workers with Financial Education

Newark Nonprofit Wealth Project Launched by Stackwell and United Way

On November 12, 2025, Stackwell in collaboration with the United Way of Greater Newark announced an innovative initiative called the Newark Nonprofit Wealth Project. This project is set to transform the financial landscape for nonprofit workers in Newark by equipping them with vital financial education and the tools to build long-term financial stability.

Supported by a generous grant from The Prudential Foundation, this unique project aims to provide 100 nonprofit employees with seed capital of $1,500 to foster their financial literacy and investment knowledge. The initiative underscores the importance of investing in the local nonprofit workforce, ensuring they are prepared to manage their finances more effectively.

Objectives of the Newark Nonprofit Wealth Project

At the heart of the Newark Nonprofit Wealth Project is the commitment to empower nonprofit workers by granting them access to capital and financial education tailored to their unique circumstances. Participants will receive $300 installments of seed funding to encourage their engagement with the stock market and broader financial concepts. This funding is contingent upon completing specific program milestones focused on learning and engagement.

Beyond financial capital, participants will also benefit from educational resources including in-app learning tools, practical workshops, and hybrid sessions designed to demystify investing and make financial literacy accessible, especially for those from historically underrepresented backgrounds in finance. Enrollment for the program will be open from November 12 to December 12, 2025, and workshops are set to commence in early 2026.

Voices Behind the Project

Catherine Wilson, President and CEO of United Way Greater Newark, expressed the organization’s dedication to supporting the nonprofit workforce, stating, "We are not only recognizing their service but investing in their stability and well-being." This sentiment captures the essence of the project, highlighting the belief that nonprofit workers deserve the same chance to thrive financially as those in other sectors.

Trevor Rozier-Byrd, the Founder and CEO of Stackwell, further elaborated on the initiative’s significance, saying, "Nonprofit workers give so much of themselves to care for others. This program is about helping them refill their own cups." By blending investment capital with education and community support, the project aims to equip these essential workers with the skills necessary to secure their financial futures and those of their families.

Sarah Keh, Vice President of Inclusive Solutions at Prudential Financial, added, "The Prudential Foundation's support builds on our efforts to promote economic stability that enables residents to live better lives longer." This statement reinforces the project’s overarching goal: to contribute to the financial health and resilience of the entire Newark community.

Addressing Economic Challenges

The Newark Nonprofit Wealth Project is particularly relevant as nonprofit workers make up a significant portion of Newark’s workforce. However, they often face economic hurdles, characterized by modest earnings, limited savings, and insufficient opportunities for wealth accumulation. Through this project, Stackwell and United Way aim to bridge these gaps, enhancing access to financial education and investment opportunities that could lead to improved economic outcomes.

About Stackwell and United Way of Greater Newark

Stackwell is dedicated to breaking down barriers to financial inclusion and promoting asset ownership among multicultural communities. By providing automated portfolio construction, financial wellness education, and behavioral engagement tools, Stackwell is poised to help individuals achieve their financial goals.

The United Way of Greater Newark, founded in 1923, has been instrumental in fostering inclusive communities and supporting residents in their pursuit of healthier, more economically stable lives. The organization’s focus spans areas from education and youth opportunity to community resilience and financial security, making it a key player in enhancing the quality of life in Newark.

As applications to participate in the Newark Nonprofit Wealth Project open, it signifies a pivotal moment of change aimed at empowering those who dedicate their lives to serving others, ultimately fostering a more equitable and financially stable Newark.