Current and Past Grantees Consumer Financial Education Fund

To review the 2013 grants awarded, click here.

2014 Grants Awarded

Abayomi Community Development Corporation
Center for Financial Advancement
$50,000 over 3 years
Supports a 3-year program to target low-to-moderate income families to provide education and training that will expand their vision of wealth and financial stability.

AnewAmerica Community Corporation
Financial Literacy Fundamentals Program
Helps 240 low-income participants from underbanked communities in the San Francisco Bay Area learn about financial literacy fundamentals and getting banked and optimizing use of financial institutions through a combination of orientations, workshops on specific financial literacy topics, and 1:1 case management. As a result, participating families will develop an asset-building plan with specific goals for managing their debt, starting their savings, building or repairing credit, and other financial goals.

California Reinvestment Coalition
No Fees for EBT
Supports consumer education to address the effects of high costs of common financial services that impede family efforts to develop assets, such as overdraft fees, payday loans and, for government benefits recipients that rely on state issued “electronic benefits transfer” cards, ATM fees to raise awareness of fee-avoidant services and lower the cost of existing financial services (including CalWORKs EBT cards).

Center for Economic Integrity
Rural Financial Capability Workshops
Supports Financial Capability workshops in rural border communities lacking access to traditional banking services. Facilitated peer support group financial education workshops in English and Spanish will utilize concepts developed, tested and deemed to have long-term positive effects on individual and family finances through facilitated peer support and experiential learning.

Medical Financial Partnership
$75,000 over 2 years
Supports the implementation of a Medical-Financial Partnership (MFP) model which will integrate the financial counseling and education services provided by Clarifi and the health services provided by the Rising Sun Health Center, a community health center in North Central Philadelphia. Clarifi will help those who are struggling financially due to chronic or acute medical conditions increase their financial capability at a time when it is pertinent and actionable.

Community Empowerment Fund
Building Consumer Financial Literacy to Enable and Sustain Transitions out of Homelessness
North Carolina
$50,000 over 2 years
Helps homeless and near-homeless individuals to access affordable banking products, manage household budgets, and achieve personal savings goals. The project will deliver critical, timely financial education services to homeless and near-homeless individuals while simultaneously enhancing and documenting an innovative model of integrating financial capability services into social services for vulnerable households.

Consumer Action
National Community-Based Financial Literacy Project
$100,000 (15 month grant)
Supports a national project to distribute 175,000 multilingual publications to under-banked consumers. In the first six months, Consumer Action would create a new brochure entitled Avoiding Overdraft Fees as part of our Phase One Rose-funded educational module. During the last nine months of the proposed project, Consumer Action will award $5,000 mini-grants to six CBOs to use our Checking and Savings module in conducting classes for up to 15 low and moderate income, unbanked and underbanked consumers.

Cypress Hills Local Development Corporation
Cypress Hills Financial Literacy Initiative
New York
Supports financial literacy education and counseling to residents of Cypress Hills/East New York, Brooklyn, a low-to-moderate income community with a large immigrant population. This education and counseling will be integrated into our housing counseling, college access and employment programs, so that participants can apply what they’ve learned to help them on their long-term goals of homeownership, college, and career.

East Bay Community Law Center
Consumer Financial Education Project
Help provide individualized consumer screenings to 1,750 of EBCLC’s low-income clients, 200 follow-up consultations for those most in need, 40 consumer clinics, 10 trainings for other community groups, and 5 media presentations to reach unbanked and underbanked consumers in Alameda County and California generally. Primary project goals are to: (1) integrate financial education into the other services that EBCLC provides in partnership with social service agencies; and (2) train students and community partners to provide consumer education and information in Alameda County, and across California. Some programs are offered in Spanish, in conjunction with La Raza.

East LA Community Corporation
Community Wealth Building Program
Helps provide families with individualized guidance, tools, and information that will help them stabilize their household finances and reduce their dependency on alternative services to help them grow their assets and wealth to pass on to the next generation.

Family Counseling Center of Mobile, Inc. (dba Lifelines Counseling Services)
Bank On South Alabama
$100,000 over 3 years
Supports Bank On South Alabama, a multi-partner anti-poverty asset building initiative to promote low and no cost products and services to unbanked and under-banked households that are offered by mainstream financial institutions. Program participants will be able to eliminate reliance on alternative financial services such as payday and title loans. Along with the products and services offered through Bank On South Alabama partners, financial education utilizing the FDIC “Money Smart for Young Adults” curriculum will be taught as a means to assist participants in gaining financial skills so they can make informed financial decisions. Programs will be conducted in several languages to English-speaking, Spanish, Vietnamese and Laotian residents.

First Nations Development Institute
Empowering Native Communities to Build Financial Futures
$40,000 over 18 months
Supports an update of a culturally-appropriate suite of financial education resources that will be used nationally to increase the financial capability of Native American consumers. An Advisory Committee of experts in Native American financial education will guide the process and content for updating First Nations Development Institute’s Building Native Communities: Financial Skills for Families basic financial education curriculum (last updated in 2010) and a trainer’s toolbox that will support financial education trainers in teaching the curriculum.

Four Directions Development Corporation
Moving Women & Families from Economic Crisis to Stability
Supports an initiative that builds upon existing FDDC programming to create a pilot program designed for Native Americans that includes an increased and targeted culturally-appropriate focus on financial education services. The grant funds the first and most critical year of this long-term initiative, where new partnerships and services are explored in the Penobscot community before expanding services to all five Maine tribal communities (collectively known as the Wabanaki) by 2017.

Hawaiian Community Assets
Kahua Waiwai Financial Education Project
Support educational programs to increase the financial literacy of 500 low-income Native Hawaiians & Pacific Islanders residing in communities with limited or no access to mainstream financial services. HCA will achieve the goal through the provisions of training/technical assistance, culturally-relevant financial education workshops, financial counseling, & referral to no- & low-cost financial products. Place-based workshops & counseling will be conducted in or near underbanked Native Hawaiian & Pacific Islander communities, specifically at homeless shelters, schools, affordable housing developments, government buildings, & HCA offices across the state. Workshops will feature HCA’s own Kahua Waiwai: Building a Foundation of Wealth© curriculum developed for & by low-income Native Hawaiian families to instill the foundational knowledge deemed necessary for re-establishing sustainable, self-sufficient, & healthy local economies.

Housing and Economic Rights Advocates (HERA)
My Financial Wellness
Supports multilingual financial education workshops that train primarily underbanked, underserved low and moderate income residents on how to address: (1) debt collection (rights as to verification of debt, proper treatment by the collector, fees and payment plans); (2) credit reporting problems (from common reporting errors to identity theft); (3) finding and qualifying for more affordable credit alternatives to high-cost, “fringe” services (e.g., payday loans, pawnshops), (4) finding and accessing more affordable financial institutions accounts (e.g., savings and/or checking); and (5)mindfulness, identification and avoidance of fees associated with accounts, borrowing and collections. Funds also support individual financial literacy counseling that helps workshop participants get in-depth, individualized help on these topics. The workshops and counseling will be conducted by HERA’s attorneys and use multilingual materials from the Federal Trade Commission, supplemented by Consumer Financial Protection Bureau (CFPB) materials.

InnovAge Foundation
Money Management Education Program
Helps seniors develop core financial competencies and provides them with tools and knowledge that they need to make informed decisions that empower them to maximize their financial resources.

Latino Community Development Center
Latino CDC Financial Education Program
North Carolina
$35,000 over 18 months
Supports revision of existing financial education workshops and curriculum designed for both underbanked, low-income Latino immigrants, as well as immigrants that are more integrated into the US financial system. Activities include revision of the existing bilingual curriculum, additional training for workshop facilitators, implementation of a new series of workshops, integration of behavioral economics principles within the curriculum and workshop facilitation, as well as ongoing evaluation of both content and participant outcomes.

National Community Reinvestment Coalition
Enhancing Older Adult Economic Security Through Financial Empowerment Partnerships
Washington, DC
Supports NCRC’s partnership with the $tand By Me Financial Empowerment Program – a joint venture of the state of Delaware and United Way of Delaware, to administer a financial coaching model that targets low-to-medium-income older adults. NCRC will further partner with the California Coalition for Rural Housing (CCRH), Western Maine Community Action (WMCA), and Northwest Side Housing Center (NWSHC) to deploy this educational program, and financial coaches, in their communities (Sacramento/Central Valley for CCRH; Western Maine for WMCA; and Chicago, IL for NWSHC). Together, these regional partners will provide financial coaching to 400 LMI older adults. $tand By Me® ($BM) is a statewide coaching program that links state agencies, nonprofits, employers, and educational institutions to provide one-on-one financial coaching to students, older adults, people with disabilities, military personnel, day care providers, immigrants, and employees. Both $BM and NCRC will provide training for financial coaching, webinars, technical support, and materials that regional coaches will adapt in the three regional sites.

Self-Help Economic Development, Inc.
Community Programs
For several years, Self-Help Federal Credit Union has used its West Oakland branch as a testing ground for best practices in using counseling and community programs to increase the financial capability of low-income consumers, and these programs annually assist over 1,000 people each year with free tax preparation, financial literacy workshops, and individual credit report review sessions. Funds help support the expansion of these to Self-Help’s 20 branch network and 40,000 membership base in California.

Tabor Community Services
Lancaster Financial Empowerment Center
$100,000 over 3 years
Supports a long-term partnership between County municipal governments and other social service providers to increase the financial literacy and skills of economically vulnerable citizens.

OEC- The Female Veteran Consumer Protection and Financial Education Outreach Proposal
Supports financial literacy and education through outreach with a focus on reaching female military and Veterans. The outreach will be conducted in three states with the greatest military / Veteran populations: (Florida, Texas, California). As follow up to the outreach events, participants may be engaged for long term counseling with a VeteransPlus certified financial counselor.

Virginia Poverty Law Center
Car Title and Payday Loan Hotline for Virginia Consumers
Supports a hotline for citizens of Virginia who call with their concerns regarding payday, Internet and car title loans. Activities also support a public awareness campaign of predatory lending in Virginia, including billboards, information sessions and town hall meetings.

West Virginia Alliance for Sustainable Families
Financially Fit in the Mountain State
West Virginia
Supports the financial stability of West Virginia communities via three research proven strategies: (1) Train-The-Trainer Financial Education provided online and onsite, (2) Consumer Financial Education workshops and classes provided online and onsite, and (3) Financial Education Case Management trainings provided online and onsite.

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