Clarifi is one of 25 national finalists for The Renewal Awards

Clarifi, a financial services nonprofit that works to address the racial wealth gap, is one of 25 organizations up for The Renewal Awards.

The grant competition organized by The Atlantic and Allstate aims to recognize local grassroots organizations for the solutions they’ve proposed in their particular communities. Five nominees will take home $20,000, with an additional five runner-ups winning $10,000.

The 25 finalists were picked from nearly 3,000 nominees.

Thrilled to announce that Clarifi is a finalist for the 2018 #RenewalAwards from @TheAtlantic @Allstate YOUR VOTES can help us earn $20k to bring hope & financial empowerment to more local families in 2018: https://t.co/R5WzAgzrYA #FlyPhillyFly #WeClarifi pic.twitter.com/uOiQqnBayw

— Clarifi (@WeClarifi) February 7, 2018

Clarifi’s director of community engagement, Soneyet Muhammad, said the award money would allow the organization to continue to invest in its team of counselors, contribute to civic innovation, address the student loan crisis and holistically make sure low-to-moderate income families have an opportunity to thrive in their respective financial situations.

It would also help Clarifi continue to address the racial wealth gap, which Muhammad wrote about extensively for Generocity here.

Clarifi has about 5,000 education clients and 13,000 individuals who receive financial counseling per year, on personal finance issues such as debt reduction and credit improvement. The organization has 18 branches across the Delaware Valley.

The public can vote for Renewal Awards nominees until Feb. 21.