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Stock impact report

Fostering Success Act, Inc. Approved for Nearly $10 Million in First Year of Tax Credit [Yahoo! Finance]

Colony Bankcorp, Inc. (CBAN) 
US:NASDAQ Investor Relations: investors.colonybank.com
Company Research Source: Yahoo! Finance
ALPHARETTA, Ga., January 19, 2024 BUSINESS WIRE )--Fostering Success Act, Inc. (FSA), a non-profit that raises tax credit funds to assist young adults transitioning out of the state's foster care system, announced today it has successfully raised nearly $10 million in tax credit allocations in its first year that ended Dec. 31, 2023. Among the top corporate contributors to FSA for 2023 are Gas South, Waffle House, and Cigna Healthcare. Data from numerous national studies show the majority of kids who age out of foster care end up homeless, in chronic poverty, in jail or are victims of human trafficking. They face these enormous challenges because they were removed from their parents' custody due to neglect or abuse. Since the launch of the program, more than 180 companies and individuals have chosen to help Georgia's most vulnerable young people by allocating their tax dollars to FSA. As a result, FSA has issued funds to help more than 100 young people pursue their dreams at 37 Show less Read more
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