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KFC Foundation program helps employees get the savings habit

Photo: iStock.

July 27, 2021

The KFC Foundation, has partnered with national fintech nonprofit, SaverLife, a national nonprofit fintech company to help KFC team members build short-term savings and create lasting savings behaviors, according to a news release. The program is designed to help employees through all those unexpected and saved-for expenses that are part of life.

"We are very excited about our partnership with SaverLife," Justin Stewart, KFC franchisee and board chair of the foundation, said in the release. "To be able to offer these types of resources means a lot. It's one more way we can show how much we care about our employees. Programs like MyChange with SaverLife help us develop the financial acumen of our team members, setting them up for success in their future, while also strengthening our organization from the ground up."

Participants in MyChange with SaverLife will receive access to the national SaverLife platform and the opportunity to participate in national savings challenges, access financial education articles, engage in forums and accumulate redeemable points for a chance to win prizes.

Eligible employees of KFC corporate- and franchisee-owned restaurants can also participate in Savings Match Challenges funded by the KFC Foundation. Enrolled employees in the Savings Match Challenge can get a $20 sign-up bonus, and by saving at least $10 a month, they will receive a $1 for $1 match of up to $40 per month over a six-month period, to help them create a $500 short-term emergency savings fund or boost their current savings by $500.

"By helping KFC team members build up an emergency savings fund, we're helping them improve their overall well-being and build resilience to face future financial challenges," Emma Horn, KFC Foundation managing director said in the release. "This program is a way to empower and equip restaurant employees with tools and resources to help them succeed and achieve their goals. We're grateful to be working with SaverLife to bring these unique and exciting opportunities to KFC team members across the country."





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