Parsec Financial Committing $155,000 to Nine Local Nonprofits

Parsec Financial Committing $155,000 to Nine Local Nonprofits Dave Menzies Editor Publisher Pro PR Coach
ASHEVILLE, N.C. -- Parsec Financial, an independent fee-only wealth management firm, continues to uphold one of its core values of charitable giving with the announcement of the 2018 Parsec Prize. Parsec Financial is committing $155,000 to nine local nonprofits and their missions of helping those in their communities. The Parsec Prize represents approximately one half of Parsec’s annual charitable giving. This is the most that Parsec Financial has awarded in a single year since it was founded in 2005. The organizations represented will help countless individuals in a variety of ways such as domestic violence, financial assistance, education and business startups.

2018 Parsec Prize Recipients

OnTrack Financial Education & Counseling Asheville $25,000*
HelpMate Asheville $20,000
Rotarians Against Hunger Asheville $15,000
Read To Succeed Asheville $10,000
The Hope Chest for Women Asheville $10,000
The Good Fellows Club Charlotte $20,000
Brookstone Schools Charlotte $20,000
Center for Creative Economy Winston-Salem $20,000
Thermal Belt Outreach Ministry Tryon $15,000

*Year 2 of a 4 year commitment

“This is the fourteenth year of the Parsec Prize and we have now awarded over $1.1 million in prizes since its inception,” said Rick Manske, chief executive officer with Parsec Financial. “It is a great honor to partner with these wonderful charities to help strengthen our communities. The work they do is essential to those they serve and we are happy to have this program in place. We hope to sustainably invest in a better life for all – as we grow, the prize grows.”

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For more information on the Parsec Prize, you can visit

For over 35 years, Parsec Financial has provided financial planning and investment management services to Western North Carolina and beyond. With over $2.5 billion in assets under management as of December 31, 2017, Parsec provides investment management, retirement planning, and estate and trust advisory services.

The mission of Parsec Financial is to help clients set financial goals, create an investment strategy in accordance with those goals, and maintain this focus through long-term investment management.

For more information on Parsec Financial please visit: