Community Development Banking List
09-01-2010, 09:36 AM
Original message from: lbonham@cfsinnovation.com
*We look forward to your submissions. Please pass this on! *
The Center for Financial Services Innovation (CFSI) is pleased to announce
the launch of a new grant fund—the Financial Capability Innovation Fund—to
support promising nonprofit-led projects designed to help consumers better
manage their finances and achieve financial prosperity.
The recent financial crisis has revealed that a new course for financial
education has never been more necessary—and consumers themselves have never
been more motivated to learn.
Through the Financial Capability Innovation Fund, CFSI will invest in new
and improved strategies that not only help consumers increase their
knowledge but also help them establish healthy financial behaviors.
Through a competitive request for proposals (RFP) process, CFSI will award
$1.25-$1.5 million total to 4-6 promising nonprofit-led projects with the
average award size ranging from $200,000-$300,000 per project. CFSI seeks
models that are relevant, timely, actionable and ongoing and that are
scalable and sustainable in the long run. CFSI is also interested in
projects that incorporate behavioral economics concepts, leverage
technology, and/or couple new or improved educational tools with financial
products/services. CFSI encourages collaborative ventures involving multiple
parties.
The Financial Capability Innovation Fund is supported by a collaborative of
funders led by the Citi Foundation and also including Bank of America,
Capital One, Morgan Stanley, Experian, and Visa Inc.
To learn more about this funding opportunity and to download the RFP which
details CFSI’s funding priorities, criteria, timeline, and process, visit
www.cfsinnovation.com/financialcapability. The deadline to submit a
proposal is Wednesday, October 13, 2010 at 11:59PM.
<http://www.cfsinnovation.com> ('http://www.cfsinnovation.com>')
Lorie Bonham
Marketing & Communication Director
312.881.5807 | lbonham@cfsinnovation.com
Twitter: CFSInnovation <http://twitter.com/cfsinnovation>* ('http://twitter.com/cfsinnovation>*') *
*We look forward to your submissions. Please pass this on! *
The Center for Financial Services Innovation (CFSI) is pleased to announce
the launch of a new grant fund—the Financial Capability Innovation Fund—to
support promising nonprofit-led projects designed to help consumers better
manage their finances and achieve financial prosperity.
The recent financial crisis has revealed that a new course for financial
education has never been more necessary—and consumers themselves have never
been more motivated to learn.
Through the Financial Capability Innovation Fund, CFSI will invest in new
and improved strategies that not only help consumers increase their
knowledge but also help them establish healthy financial behaviors.
Through a competitive request for proposals (RFP) process, CFSI will award
$1.25-$1.5 million total to 4-6 promising nonprofit-led projects with the
average award size ranging from $200,000-$300,000 per project. CFSI seeks
models that are relevant, timely, actionable and ongoing and that are
scalable and sustainable in the long run. CFSI is also interested in
projects that incorporate behavioral economics concepts, leverage
technology, and/or couple new or improved educational tools with financial
products/services. CFSI encourages collaborative ventures involving multiple
parties.
The Financial Capability Innovation Fund is supported by a collaborative of
funders led by the Citi Foundation and also including Bank of America,
Capital One, Morgan Stanley, Experian, and Visa Inc.
To learn more about this funding opportunity and to download the RFP which
details CFSI’s funding priorities, criteria, timeline, and process, visit
www.cfsinnovation.com/financialcapability. The deadline to submit a
proposal is Wednesday, October 13, 2010 at 11:59PM.
<http://www.cfsinnovation.com> ('http://www.cfsinnovation.com>')
Lorie Bonham
Marketing & Communication Director
312.881.5807 | lbonham@cfsinnovation.com
Twitter: CFSInnovation <http://twitter.com/cfsinnovation>* ('http://twitter.com/cfsinnovation>*') *