RISE Foundation is a Memphis-based nonprofit providing financial literacy programs and asset-building tools to low-income working families. Founded in 1999, they help clients save, budget, and achieve financial self-sufficiency.
Editorially reviewed by Harvey Brooks
RISE Foundation was established in 1999 as a collaborative effort between the Community Foundation of Greater Memphis, Memphis Housing Authority, and United Way of the Mid-South. Originally designed to serve public housing residents, the organization has expanded significantly to serve a broader demographic of low-income working people across Memphis and Shelby County. The organization is structured as a 501(c)(3) nonprofit with a mission to empower people to become self-sufficient by building and sustaining human and financial assets.
RISE offers multiple financial literacy and asset-building programs including Save Up, Goal Card, Common Cents, Silver Neighbors, and GMFEC (Greater Memphis Financial Empowerment Center), which operates in partnership with the Shelby County Trustee's office. Their approach emphasizes teaching financial skills rather than providing direct financial assistance, with their philosophy centered on giving families "the tools to build better lives by their own hands." Programs serve youth, adults, and senior citizens with year-round programming and educational initiatives.
The organization distinguishes itself through its deep expertise in helping entry-level wage earners specifically, developed over a decade of targeted community work. RISE provides measurable outcomes through asset-building support, having helped clients purchase 134 homes, save for and purchase 139 vehicles, expand 38 small businesses, fund 28 higher educations, and purchase 110 computers as of 2020. The GMFEC partnership with local government provides accessible counseling by appointment (901-390-4200), integrating their services into established county infrastructure.
As a legitimate nonprofit with established community partnerships and documented impact metrics, RISE Foundation serves an important role in the Memphis financial services landscape. However, as a financial literacy and counseling organization rather than a direct financial services provider, they do not offer loans, credit repair, or emergency funding. Clients seeking immediate cash solutions or credit dispute services will need to seek alternative resources. Their programs require active participation and behavior change, which may not suit individuals seeking quick-fix solutions.
Yes. RISE Foundation is a registered company headquartered in 1355 Lynnfield Rd, Memphis, TN 38119. They hold a NR rating with the Better Business Bureau.
CreditDoc Diagnosis
RISE Foundation is best for Memphis-area low-income working families and seniors seeking nonprofit financial education, budgeting guidance, and asset-building support rather than emergency loans or credit repair. The main caveat is that they provide tools and education only—not direct financial assistance, credit dispute services, or emergency funding—so applicants with immediate cash needs should explore alternative resources first.
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