Intuit Launches Federal WEb Connector in Partnership with WE Connect Campaign
MOUNTAIN VIEW, Calif – Apr. 08, 2009 – Intuit Inc. (Nasdaq: INTU), supporting California first lady Maria Shriver's WE Connect campaign, today launched the Federal WEb Connector, a free, online tool that helps people nationwide determine their eligibility and apply for five of the most valuable federal benefit programs. The company donated the tool through its philanthropic Financial Freedom Foundation.
Intuit created and donated the Federal WEb Connector, which simplifies the process of determining eligibility for the Earned Income Tax Credit, Federal Child Tax Credit, Federal Child and Dependent Care Expenses Credit, Supplemental Nutrition Assistance Program, and the Women, Infants and Children Program.
"For more than 25 years, we've set our sights on taking complex tasks and making them simple" said Brad Smith, president and CEO of Intuit. "The Federal WEb Connector helps hard-working individuals and families across the country save and make money. This donation reflects our commitment to care and give back to communities."
The tool, available in English and Spanish in all 50 states, promotes financial literacy and brings unclaimed federal dollars back into states and local neighborhoods where people need it the most.
While millions of Americans qualify for these federal programs, many are unaware of their eligibility. As a result, billions of dollars in benefits go unclaimed every year, according to national consumer advocate organizations. For example, the Earned Income Tax Credit alone can add up to $4,824 in tax credits, and research by Moody's Economy shows that for every government dollar spent on food stamps returns $1.73 to the economy.
Led by Shriver and Gov. Arnold Schwarzenegger, the WE Connect campaign has grown to a multi-dimensional outreach and education program to help individuals and families. Intuit and the WE Connect campaign launched the program today with support from governors and leaders in Illinois, New York and Kansas. Shriver hopes to extend the partnership in other states in the coming months.
For more information, visit www.webconnector.net/federal.
About Intuit Inc.
Intuit Inc. is a leading provider of business and financial management solutions for small and mid-sized businesses; financial institutions, including banks and credit unions; consumers and accounting professionals. Its flagship products and services, including QuickBooks®, Quicken® and TurboTax® software, simplify small business management and payroll processing, personal finance, and tax preparation and filing. ProSeries® and Lacerte® are Intuit's leading tax preparation software suites for professional accountants. The company's financial institutions division, anchored by Digital Insight, provides on-demand banking services to help banks and credit unions serve businesses and consumers with innovative solutions.
Founded in 1983, Intuit had annual revenue of $3.1 billion in its fiscal year 2008. The company has approximately 8,000 employees with major offices in the United States, Canada, the United Kingdom and other locations. More information can be found at www.intuit.com.
About the Intuit Financial Freedom Foundation
The Intuit Financial Freedom Foundation is dedicated to programs and projects that promote financial literacy and independence among disadvantaged, lower income individuals, small businesses, and the nonprofit organizations that serve them. By donating Intuit software and online services, the Foundation helps people and organizations master their finances and bridge the digital divide.
The Foundation's signature programs are the Intuit Tax Freedom Project through which Intuit donates TurboTax online tax preparation and filing services through the IRS Free File Alliance and 21 state Free File programs, the Quicken and QuickBooks Product Donation Programs and sponsorship of California First Lady Maria Shriver's We Connect Campaign. For more information, please visit, www.IntuitEmpowers.com
About WE Connect
Maria Shriver's WE Connect campaign is a pioneering public/private partnership designed to help California's working families become more financially secure by connecting them to important programs and resources. For more information, visit www.weconnect.net.
Intuit and the Intuit logo, among others, are registered trademarks and/or registered service marks of Intuit Inc. in the United States and other countries.
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