Financial Literacy Funding

[Community Development Banking List]

Original message from: ropstelten@resna.org

Hello all,



I seem to recall that the President's Advisory Council on Financial
Literacy at some time had published a list of possible sources of
funding for financial literacy training initiatives. I can't seem to
locate it again. Does anyone know of the existence of such a resource? I
ask because we are trying to evaluate what level of support might exist
for an effort to promote financial literacy among people with
disabilities, with an understanding of the restrictions to asset
building placed upon them by the benefits many receive.



Thanks for any help,



Rik Opstelten
Project Associate
RESNA/NATTAP
1700 North Moore Street
Suite 1540
Arlington, VA 22209-1903
(703) 524-6686 ext. 309
(703) 524-6630 (FAX)
ropstelten@resna.org

[Community Development Banking List]

Original message from: CBaldwin@ncbcapitalimpact.org

Rik

You may want to connect with the National Disability Institute
(www.ndi-inc.org) They have been working on asset development for people
with disabilities for some time. They have a major initiative with VITA
sites nationwide and also are TA providers for Ticket to Work program.

Candace

__________________________________________________ ________________
Candace Baldwin | Senior Policy Advisor | NCB Capital Impact
2011 Crystal Drive | Suite 800 | Arlington, VA 22202
Tel (703) 647-2352| Fax (703) 647-2390| cbaldwin@ncbcapitalimpact.org



Now Available, Exclusively Online: The NCB Capital Impact 2007 Annual
Report
www.ncbcapitalimpact.org/annualreport2007


NCB Capital Impact is an affiliated non-profit corporation of National
Consumer Cooperative Bank (NCB) providing financial and technical services
both directly and indirectly through separate subsidiary LLCs. Housing
development services are provided by NCB Community Works, LLC, jointly
owned by NCB Capital Impact and NCB.




"Rik Opstelten"
<ropstelten@resna
.org> To
Sent by: <communitydevelopmentbanking-l@corn
bounce-3575627-49 ell.edu>
89699@list.cornel cc
l.edu
Subject
Financial Literacy Funding
02/13/2009 11:12
AM


Please respond to
"Rik Opstelten"
<ropstelten@resna
.org>






Hello all,

I seem to recall that the President’s Advisory Council on Financial
Literacy at some time had published a list of possible sources of funding
for financial literacy training initiatives. I can’t seem to locate it
again. Does anyone know of the existence of such a resource? I ask because
we are trying to evaluate what level of support might exist for an effort
to promote financial literacy among people with disabilities, with an
understanding of the restrictions to asset building placed upon them by the
benefits many receive.

Thanks for any help,

Rik Opstelten
Project Associate
RESNA/NATTAP
1700 North Moore Street
Suite 1540
Arlington, VA 22209-1903
(703) 524-6686 ext. 309
(703) 524-6630 (FAX)
ropstelten@resna.org






CDB list instructions http://www.runonthebank.net/cdblist.htm

[Community Development Banking List]

Original message from: dlindley@vacul.org

Try here:

http://www.mymoney.gov/grants

I hope it's what you're looking for.

--dawn
_____


VIRGINIA CREDIT UNION LEAGUE
One Vision. One Voice.

Dawn Lindley, CUDE
Director of Marketing & Financial Literacy
800.768.3344, ext 617 (tollfree)
434.237.9617 (phone)
434.239.8148 (fax)

Privileged/Confidential information may be contained in this message. If you
are not the addressee indicated in this message (or responsible for delivery
of the message to such person), you may not copy or deliver this message to
anyone. In such case, you should destroy this message and kindly notify the
sender by reply email. Opinions, conclusions and other information in this
message that do not relate to the official business of the Virginia Credit
Union League shall be understood as neither given nor endorsed by the
League.





_____

From: bounce-3575627-9340955@list.cornell.edu
[mailto:bounce-3575627-9340955@list.cornell.edu] On Behalf Of Rik Opstelten
Sent: Friday, February 13, 2009 11:12 AM
To: communitydevelopmentbanking-l@cornell.edu
Subject: Financial Literacy Funding



Hello all,



I seem to recall that the President's Advisory Council on Financial Literacy
at some time had published a list of possible sources of funding for
financial literacy training initiatives. I can't seem to locate it again.
Does anyone know of the existence of such a resource? I ask because we are
trying to evaluate what level of support might exist for an effort to
promote financial literacy among people with disabilities, with an
understanding of the restrictions to asset building placed upon them by the
benefits many receive.



Thanks for any help,



Rik Opstelten
Project Associate
RESNA/NATTAP
1700 North Moore Street
Suite 1540
Arlington, VA 22209-1903
(703) 524-6686 ext. 309
(703) 524-6630 (FAX)
ropstelten@resna.org




CDB list instructions http://www.runonthebank.net/cdblist.htm

[Community Development Banking List]

Original message from: curt@laseckeweil.com

I don't have any info on the President's council, and there is a
Foundation for Financial Planning which gives grants for programs such
as you describe - http://www.foundation-finplan.org/

Also check out: http://www.mymoney.gov/

And: http://www.financiallit.org/

And, importantly, http://www.nefe.org/



Regards,



Curt Weil, CFP(r), President

Lasecke Weil Wealth Advisory Group, LLC

624 University Avenue, Palo Alto, CA 94301-2019

650-323-3700 / www.laseckeweil.com <http://www.laseckeweil.com/>

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________________________________

From: bounce-3575627-5282213@list.cornell.edu
[mailto:bounce-3575627-5282213@list.cornell.edu] On Behalf Of Rik
Opstelten
Sent: Friday, February 13, 2009 8:12 AM
To: communitydevelopmentbanking-l@cornell.edu
Subject: Financial Literacy Funding



Hello all,



I seem to recall that the President's Advisory Council on Financial
Literacy at some time had published a list of possible sources of
funding for financial literacy training initiatives. I can't seem to
locate it again. Does anyone know of the existence of such a resource? I
ask because we are trying to evaluate what level of support might exist
for an effort to promote financial literacy among people with
disabilities, with an understanding of the restrictions to asset
building placed upon them by the benefits many receive.



Thanks for any help,



Rik Opstelten
Project Associate
RESNA/NATTAP
1700 North Moore Street
Suite 1540
Arlington, VA 22209-1903
(703) 524-6686 ext. 309
(703) 524-6630 (FAX)
ropstelten@resna.org





CDB list instructions http://www.runonthebank.net/cdblist.htm

[Community Development Banking List]

Original message from: skemp@skcllc.net

Rik - you couldn't have picked a better time to search for funding, IMHO. As
someone who is both severely disabled and almost lost my home because it
takes up to six months for a decision to be made by SSDI, financial literacy
"before" I started the process would have saved me a lot of heartache. A
number of my disabled online friends have commented that it seems almost as
if the SSDI program requires that you first become destitute before they'll
approve your application. Anyway, assuming you're talking about creating a
national evaluation program may I suggest you consider collaborating with
another national non-profit organization that's currently providing
financial training to non-disabled folks? Such a collaboration would open
the door(s) to applying to a larger funder such as the Ford Foundation or
Annie E. Casey. There are programs like "Ticket-to-Work which many disabled
people choose to utilize as part of moving towards working again or the
"Cash and Carry" program. I've been watching the proposed breakout of
funding under the stimulus legislation and believe you will see several
"funding doors" you can bring your evaluation needs through. Prior to
retiring due to becoming disabled my entire professional life centered on
finding specific types of grant funding for non-profit organizations. Please
feel free to contact me off list if I can be of any assistance. Your
proposed evaluation is near and dear to my heart.



If you've been laid off read "How to Be Poor in America"
at <http://www.skcllc.net/> http://www.skcllc.net. It's a free website with
resources
that can help <http://howtobepoorinamerica.blogspot.com/> How to Be Poor In
America (HTBPIA) Daily Blog
You can reach me at skemp@skcllc.net



From: bounce-3575627-5851896@list.cornell.edu
[mailto:bounce-3575627-5851896@list.cornell.edu] On Behalf Of Rik Opstelten
Sent: Friday, February 13, 2009 11:12 AM
To: communitydevelopmentbanking-l@cornell.edu
Subject: Financial Literacy Funding



Hello all,

I seem to recall that the President's Advisory Council on Financial Literacy
at some time had published a list of possible sources of funding for
financial literacy training initiatives. I can't seem to locate it again.
Does anyone know of the existence of such a resource? I ask because we are
trying to evaluate what level of support might exist for an effort to
promote financial literacy among people with disabilities, with an
understanding of the restrictions to asset building placed upon them by the
benefits many receive.



Thanks for any help,



Rik Opstelten
Project Associate
RESNA/NATTAP
1700 North Moore Street
Suite 1540
Arlington, VA 22209-1903
(703) 524-6686 ext. 309
(703) 524-6630 (FAX)
ropstelten@resna.org





CDB list instructions http://www.runonthebank.net/cdblist.htm

[Community Development Banking List]

Original message from: MWALTERS@newsouthfederal.com

I have hesitated joining in on this conversation but, inasmuch as you are talking about one of my passions, I must weigh in. First, please consider rephrasing your subject. "Literacy" training implies that the recipient of the training is illiterate. A much more pleasant term is "personal finance" and it means the same thing. All large banks have CRA investment requirements, which include grants. Funding financial education is considered a "qualified investment". If you cannot get funding from national sources, you might consider contacting your local bank to give them an opportunity to fund and possibly teach. You never can tell, the bank may be looking for an opportunity such as this.

Martha W. Walters-Pierce
Senior Vice President & CRA Officer
New South Federal Savings Bank
1900 Crestwood Blvd.
Birmingham, AL 35210
205-951-7003
mwalters@newsouthfederal.com

NOTICE: This electronic Transmission is Strictly confidential and intended solely for the addressee. If you are not the intended addressee, you must not disclose, copy or take any action in reliance on this transmission. If you have received this transmission in error, please notify sender as soon as possible.

>> "SKemp" <skemp@skcllc.net> 2/13/2009 12:10 PM >>>

Rik – you couldn’t have picked a better time to search for funding, IMHO. As someone who is both severely disabled and almost lost my home because it takes up to six months for a decision to be made by SSDI, financial literacy “before” I started the process would have saved me a lot of heartache. A number of my disabled online friends have commented that it seems almost as if the SSDI program requires that you first become destitute before they’ll approve your application. Anyway, assuming you’re talking about creating a national evaluation program may I suggest you consider collaborating with another national non-profit organization that’s currently providing financial training to non-disabled folks? Such a collaboration would open the door(s) to applying to a larger funder such as the Ford Foundation or Annie E. Casey. There are programs like “Ticket-to-Work which many disabled people choose to utilize as part of moving towards working again or the “Cash and Carry” program. I’ve been watching the proposed breakout of funding under the stimulus legislation and believe you will see several “funding doors” you can bring your evaluation needs through. Prior to retiring due to becoming disabled my entire professional life centered on finding specific types of grant funding for non-profit organizations. Please feel free to contact me off list if I can be of any assistance. Your proposed evaluation is near and dear to my heart.

If you've been laid off read "How to Be Poor in America"
at http://www.skcllc.net. It's a free website with resources
that can help How to Be Poor In America (HTBPIA) Daily Blog
You can reach me at skemp@skcllc.net

From: bounce-3575627-5851896@list.cornell.edu [mailto:bounce-3575627-5851896@list.cornell.edu] On Behalf Of Rik Opstelten
Sent: Friday, February 13, 2009 11:12 AM
To: communitydevelopmentbanking-l@cornell.edu
Subject: Financial Literacy Funding

Hello all,
I seem to recall that the President’s Advisory Council on Financial Literacy at some time had published a list of possible sources of funding for financial literacy training initiatives. I can’t seem to locate it again. Does anyone know of the existence of such a resource? I ask because we are trying to evaluate what level of support might exist for an effort to promote financial literacy among people with disabilities, with an understanding of the restrictions to asset building placed upon them by the benefits many receive.

Thanks for any help,

Rik Opstelten
Project Associate
RESNA/NATTAP
1700 North Moore Street
Suite 1540
Arlington, VA 22209-1903
(703) 524-6686 ext. 309
(703) 524-6630 (FAX)
ropstelten@resna.org


CDB list instructions http://www.runonthebank.net/cdblist.htm


CDB list instructions http://www.runonthebank.net/cdblist.htm

[Community Development Banking List]

Original message from: ayton@cdsofi.org

FINRA Foundation is a source.

Rupert Ayton Center for the Development of Social Finance PMB 168 6327 SW Capitol Hwy, Suite C Portland, OR 97239 503-333-2275 mobile


--- On Fri, 2/13/09, Rik Opstelten <ropstelten@resna.org> wrote:

From: Rik Opstelten <ropstelten@resna.org>
Subject: Financial Literacy Funding
To: communitydevelopmentbanking-l@cornell.edu
Date: Friday, February 13, 2009, 8:12 AM
Hello all,



I seem to recall that the President's Advisory Council
on Financial
Literacy at some time had published a list of possible
sources of
funding for financial literacy training initiatives. I
can't seem to
locate it again. Does anyone know of the existence of such
a resource? I
ask because we are trying to evaluate what level of support
might exist
for an effort to promote financial literacy among people
with
disabilities, with an understanding of the restrictions to
asset
building placed upon them by the benefits many receive.



Thanks for any help,



Rik Opstelten
Project Associate
RESNA/NATTAP
1700 North Moore Street
Suite 1540
Arlington, VA 22209-1903
(703) 524-6686 ext. 309
(703) 524-6630 (FAX)
ropstelten@resna.org

[Community Development Banking List]

Original message from: gmeyer@meriwest.com

I had 17 years at a major national bank and was on their CRA/Community
Relations team from 2003 thru 2007. Martha is right, Banks are a primary
source of financial ed funding. However, their community relations/CRA
budgets are usually set prior to the start of the year and, in many
cases, there is little discretionary spending with the larger banks as
they must focus on those orgs who give them the biggest bang for the CRA
buck. Bang for the CRA buck can come in the form of access to clients
and a few minutes to sell their products and services. Double check
their product selection to assure suitability for your clients. If your
clients have major credit or ChexSystems issues this presentation may
fall on deaf ears. If your clients take advantage of the bank's product
selection and benefit from it, make sure the bank knows it. Give numbers
to the bank telling them how many clients have taken advantage of
services after the financial ed class. This sort of tracking is
important to the bank's CRA rating. You may also be building a stronger
relationship with a potential funder.



Publicity is also important to banks. Get their photo in the paper with
your press contacts. Show them to be giving back to the community and
place a human face on the business that has sucked the life out of so
many families. The banks will show this sort of publicity to their CRA
auditors and adversarial community advocates to show them supporting
their community's LMI population. "See, we're nice. Really!"



I find that smaller banks have more discretionary funds to help out in
the community. Branches of the big banks are subject to very strict
budgets right now. Every branch manager is on the bubble. If they don't
make money, they had better not be spending it (I spent 15 years as a
bank branch manager and worked thru 2 recessions). They would be more
inclined to provide a volunteer instructor rather than funding a
program. Credit Unions are also valuable places to access financial
education classes, materials, instructors and possibly even funding (on
occasion).



Gregory B. Meyer

Community Relations Manager

Meriwest Credit Union

5615 Chesbro Ave.

San Jose CA 95123

408-365-6328 Office

408-363-3303 FAX

gmeyer@meriwest.com

www.meriwest.com



Meriwest began over 47 years ago. Our history started on May 5, 1961
when the IBM San Jose Employees Federal Credit Union was organized. In
1975 the official name changed to Pacific IBM Employees Federal Credit
Union. In 1999 Pacific IBM became Meriwest Credit Union. Today, the same
great benefits of credit union membership that were once only available
to the employees and families of those employed at IBM, are now
available to anyone who lives or works in the Greater Bay Area.

________________________________



Visit Meriwest Credit Union Home page
<http://www.uptilt.com/c.html?s=4et,1...kzm,c7gw,g9js>

Financial Education Series from Meriwest - two free
classes<http://www.meriwest.com/mw/CDA/Media...financial_educ
ation_series_090206_02.jpg>

Teenagers: Real World Budgeting class in San Jose on 2/18/09
<http://www.uptilt.com/c.html?s=4et,1...kdp,c7gw,g9js>

Free educational seminar in San Jose on Credit Myths and Credit Repair
on 2/25/09
<http://www.uptilt.com/c.html?s=4et,1...okl,c7gw,g9js>








<http://www.uptilt.com/images/mlopen_...&mid=1901788&m
lid=99146&uid=8b0d0b9458>

Meriwest Credit Union | 5615 Chesbro Avenue | San Jose, CA 95123 |

877-MERIWEST (877-637-4937) | www.meriwest.com



From: bounce-3577150-9348083@list.cornell.edu
[mailto:bounce-3577150-9348083@list.cornell.edu] On Behalf Of Martha
Walters-Pierce
Sent: Friday, February 13, 2009 2:00 PM
To: communitydevelopmentbanking-l@cornell.edu; 'Rik Opstelten'; SKemp
Subject: RE: Financial Literacy Funding



I have hesitated joining in on this conversation but, inasmuch as you
are talking about one of my passions, I must weigh in. First, please
consider rephrasing your subject. "Literacy" training implies that the
recipient of the training is illiterate. A much more pleasant term is
"personal finance" and it means the same thing. All large banks have
CRA investment requirements, which include grants. Funding financial
education is considered a "qualified investment". If you cannot get
funding from national sources, you might consider contacting your local
bank to give them an opportunity to fund and possibly teach. You never
can tell, the bank may be looking for an opportunity such as this.



Martha W. Walters-Pierce
Senior Vice President & CRA Officer
New South Federal Savings Bank
1900 Crestwood Blvd.
Birmingham, AL 35210
205-951-7003
mwalters@newsouthfederal.com



NOTICE: This electronic Transmission is Strictly confidential and
intended solely for the addressee. If you are not the intended
addressee, you must not disclose, copy or take any action in reliance on
this transmission. If you have received this transmission in error,
please notify sender as soon as possible.

>> "SKemp" <skemp@skcllc.net> 2/13/2009 12:10 PM >>>

Rik - you couldn't have picked a better time to search for funding,
IMHO. As someone who is both severely disabled and almost lost my home
because it takes up to six months for a decision to be made by SSDI,
financial literacy "before" I started the process would have saved me a
lot of heartache. A number of my disabled online friends have commented
that it seems almost as if the SSDI program requires that you first
become destitute before they'll approve your application. Anyway,
assuming you're talking about creating a national evaluation program may
I suggest you consider collaborating with another national non-profit
organization that's currently providing financial training to
non-disabled folks? Such a collaboration would open the door(s) to
applying to a larger funder such as the Ford Foundation or Annie E.
Casey. There are programs like "Ticket-to-Work which many disabled
people choose to utilize as part of moving towards working again or the
"Cash and Carry" program. I've been watching the proposed breakout of
funding under the stimulus legislation and believe you will see several
"funding doors" you can bring your evaluation needs through. Prior to
retiring due to becoming disabled my entire professional life centered
on finding specific types of grant funding for non-profit organizations.
Please feel free to contact me off list if I can be of any assistance.
Your proposed evaluation is near and dear to my heart.



If you've been laid off read "How to Be Poor in America"
at http://www.skcllc.net <http://www.skcllc.net/> . It's a free website
with resources
that can help How to Be Poor In America (HTBPIA) Daily Blog
<http://howtobepoorinamerica.blogspot.com/>
You can reach me at skemp@skcllc.net



From: bounce-3575627-5851896@list.cornell.edu
[mailto:bounce-3575627-5851896@list.cornell.edu] On Behalf Of Rik
Opstelten
Sent: Friday, February 13, 2009 11:12 AM
To: communitydevelopmentbanking-l@cornell.edu
Subject: Financial Literacy Funding



Hello all,

I seem to recall that the President's Advisory Council on Financial
Literacy at some time had published a list of possible sources of
funding for financial literacy training initiatives. I can't seem to
locate it again. Does anyone know of the existence of such a resource? I
ask because we are trying to evaluate what level of support might exist
for an effort to promote financial literacy among people with
disabilities, with an understanding of the restrictions to asset
building placed upon them by the benefits many receive.



Thanks for any help,



Rik Opstelten
Project Associate
RESNA/NATTAP
1700 North Moore Street
Suite 1540
Arlington, VA 22209-1903
(703) 524-6686 ext. 309
(703) 524-6630 (FAX)
ropstelten@resna.org





CDB list instructions http://www.runonthebank.net/cdblist.htm



CDB list instructions http://www.runonthebank.net/cdblist.htm



CDB list instructions http://www.runonthebank.net/cdblist.htm

[Community Development Banking List]

Original message from: April.Charney@jaxlegalaid.org

I think it is a fair statement to say that we have problems with
consumers being financially illiterate. Why dress it up?

________________________________

From: bounce-3577150-9285219@list.cornell.edu
[mailto:bounce-3577150-9285219@list.cornell.edu] On Behalf Of Martha
Walters-Pierce
Sent: Friday, February 13, 2009 5:00 PM
To: communitydevelopmentbanking-l@cornell.edu; 'Rik Opstelten'; SKemp
Subject: RE: Financial Literacy Funding


I have hesitated joining in on this conversation but, inasmuch as you
are talking about one of my passions, I must weigh in. First, please
consider rephrasing your subject. "Literacy" training implies that the
recipient of the training is illiterate. A much more pleasant term is
"personal finance" and it means the same thing. All large banks have
CRA investment requirements, which include grants. Funding financial
education is considered a "qualified investment". If you cannot get
funding from national sources, you might consider contacting your local
bank to give them an opportunity to fund and possibly teach. You never
can tell, the bank may be looking for an opportunity such as this.

Martha W. Walters-Pierce
Senior Vice President & CRA Officer
New South Federal Savings Bank
1900 Crestwood Blvd.
Birmingham, AL 35210
205-951-7003
mwalters@newsouthfederal.com

NOTICE: This electronic Transmission is Strictly confidential and
intended solely for the addressee. If you are not the intended
addressee, you must not disclose, copy or take any action in reliance on
this transmission. If you have received this transmission in error,
please notify sender as soon as possible.

>> "SKemp" <skemp@skcllc.net> 2/13/2009 12:10 PM >>>


Rik - you couldn't have picked a better time to search for funding,
IMHO. As someone who is both severely disabled and almost lost my home
because it takes up to six months for a decision to be made by SSDI,
financial literacy "before" I started the process would have saved me a
lot of heartache. A number of my disabled online friends have commented
that it seems almost as if the SSDI program requires that you first
become destitute before they'll approve your application. Anyway,
assuming you're talking about creating a national evaluation program may
I suggest you consider collaborating with another national non-profit
organization that's currently providing financial training to
non-disabled folks? Such a collaboration would open the door(s) to
applying to a larger funder such as the Ford Foundation or Annie E.
Casey. There are programs like "Ticket-to-Work which many disabled
people choose to utilize as part of moving towards working again or the
"Cash and Carry" program. I've been watching the proposed breakout of
funding under the stimulus legislation and believe you will see several
"funding doors" you can bring your evaluation needs through. Prior to
retiring due to becoming disabled my entire professional life centered
on finding specific types of grant funding for non-profit organizations.
Please feel free to contact me off list if I can be of any assistance.
Your proposed evaluation is near and dear to my heart.



If you've been laid off read "How to Be Poor in America"
at http://www.skcllc.net <http://www.skcllc.net/> . It's a free website
with resources
that can help How to Be Poor In America (HTBPIA) Daily Blog
<http://howtobepoorinamerica.blogspot.com/>
You can reach me at skemp@skcllc.net



From: bounce-3575627-5851896@list.cornell.edu
[mailto:bounce-3575627-5851896@list.cornell.edu] On Behalf Of Rik
Opstelten
Sent: Friday, February 13, 2009 11:12 AM
To: communitydevelopmentbanking-l@cornell.edu
Subject: Financial Literacy Funding



Hello all,

I seem to recall that the President's Advisory Council on Financial
Literacy at some time had published a list of possible sources of
funding for financial literacy training initiatives. I can't seem to
locate it again. Does anyone know of the existence of such a resource? I
ask because we are trying to evaluate what level of support might exist
for an effort to promote financial literacy among people with
disabilities, with an understanding of the restrictions to asset
building placed upon them by the benefits many receive.



Thanks for any help,



Rik Opstelten
Project Associate
RESNA/NATTAP
1700 North Moore Street
Suite 1540
Arlington, VA 22209-1903
(703) 524-6686 ext. 309
(703) 524-6630 (FAX)
ropstelten@resna.org





CDB list instructions http://www.runonthebank.net/cdblist.htm


CDB list instructions http://www.runonthebank.net/cdblist.htm


CDB list instructions http://www.runonthebank.net/cdblist.htm

[Community Development Banking List]

Original message from: pjordan@arizonasaves.org

Hello all,



It has been interesting monitoring the discussion here. As an ED of an
agency that has financial education as its main mission it thought I would
take a few minutes to comment.



On terms: I think the terms financial literacy and financial education are
mostly interchangeable but we at Arizona Saves prefer financial education as
"literacy" may have some negative connotations for individuals who may,
indeed, have literacy challenges. I agree that we don't "need to dress it
up" but we feel that education is more descriptive of required intervention
and points toward the desired long - term outcome. We hope that participants
in our workshops will not only become literate but educated consumers of
affordable financial products.



On funding: Arizona Saves does harvest most of its funding through CRA
requirements. For - profit institutions do want publicity but more
importantly I think, banks want to engage their employees as volunteers in
financial education. Many of our for profit funders are helping recruit and
train their staff as our volunteers This more closely makes those
businesses part of the solution beyond (critical) funding. These
partnerships also increase our agency's ability to deliver workshops to low
and moderate - income residents. If banks can say that xyz #s of their
employees have provided abc #s of volunteers hours this only helps them
publicize their efforts and may enable increased funding. This is true for
any funding entity including credit unions which also fund Arizona Saves
through their community development initiatives.



Several CUs and credit union associations provide funding and other
resources (including volunteers) and in - kind donations to Arizona Saves.
Moreover credit union's connections to LMI populations and their promotion
of alternative and innovative products helps create a (social) backstop to
the needs of the for - profit sector.



We are also pursuing funding from the AZ Dept. of Housing as we have
developed a Crisis Budgeting Workshop that helps homeowners avoid
foreclosure. We deliver this "first step" class in order to triage clients
and reduce the amount of time housing counselors need to spend with clients.
Since June 2008 we have been working with a HUD certified agency and
delivered the workshop to more than 500 participants. We have made several
applications to major banks for this work (some who have received bail out
money) in order to increase our funding base and become part of the solution
to the housing crisis.



In addition we have received funds form CDBG, MMI and State Farm among
others. In the future we are looking to United Way and the Community
Foundations to support financial education as part of their asset building
initiatives. This may be a way to build enough community "will" to agree on
how to track outcomes.



In general the "field " of financial education lacks a cohesive center (IMO)
or direction and future large scale funding streams are going to be
difficult to secure until we are able to demonstrate more significant
outcomes for this work. For an overview on outcomes see a PPT from Federal
Reserve of San Francisco's Laura Choi at
http://www.arizonasaves.org/elements.../LChoi%20AZ%20
Saves%20Main%20Presentation%2011-5-08.ppt As she noted there have been some
notable successes in recording this but, I believe, these efforts need to
be better coordinated.



It is my hope that federal funding will become available for this but I am
not aware of any specifically targeted for financial education services.



Finally: in response to the original writers question I do not know of any
FE funding for those with disabilities.





Patrick Jordan

Executive Director

Arizona Saves

6633 N. Black Canyon Hwy.

Phoenix, AZ 85015

pjordan@arizonasaves.org

602-246-3510

877-989-3500

Fax: 602-246-3508

<http://www.arizonasaves.org> www.arizonasaves.org



_____

From: bounce-3577588-8682214@list.cornell.edu
[mailto:bounce-3577588-8682214@list.cornell.edu] On Behalf Of April Charney
Sent: Friday, February 13, 2009 3:46 PM
To: Martha Walters-Pierce; communitydevelopmentbanking-l@cornell.edu; Rik
Opstelten; SKemp
Subject: RE: Financial Literacy Funding



I think it is a fair statement to say that we have problems with consumers
being financially illiterate. Why dress it up?



_____

From: bounce-3577150-9285219@list.cornell.edu
[mailto:bounce-3577150-9285219@list.cornell.edu] On Behalf Of Martha
Walters-Pierce
Sent: Friday, February 13, 2009 5:00 PM
To: communitydevelopmentbanking-l@cornell.edu; 'Rik Opstelten'; SKemp
Subject: RE: Financial Literacy Funding

I have hesitated joining in on this conversation but, inasmuch as you are
talking about one of my passions, I must weigh in. First, please consider
rephrasing your subject. "Literacy" training implies that the recipient of
the training is illiterate. A much more pleasant term is "personal finance"
and it means the same thing. All large banks have CRA investment
requirements, which include grants. Funding financial education is
considered a "qualified investment". If you cannot get funding from
national sources, you might consider contacting your local bank to give them
an opportunity to fund and possibly teach. You never can tell, the bank may
be looking for an opportunity such as this.



Martha W. Walters-Pierce
Senior Vice President & CRA Officer
New South Federal Savings Bank
1900 Crestwood Blvd.
Birmingham, AL 35210
205-951-7003
mwalters@newsouthfederal.com



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>> "SKemp" <skemp@skcllc.net> 2/13/2009 12:10 PM >>>

Rik - you couldn't have picked a better time to search for funding, IMHO. As
someone who is both severely disabled and almost lost my home because it
takes up to six months for a decision to be made by SSDI, financial literacy
"before" I started the process would have saved me a lot of heartache. A
number of my disabled online friends have commented that it seems almost as
if the SSDI program requires that you first become destitute before they'll
approve your application. Anyway, assuming you're talking about creating a
national evaluation program may I suggest you consider collaborating with
another national non-profit organization that's currently providing
financial training to non-disabled folks? Such a collaboration would open
the door(s) to applying to a larger funder such as the Ford Foundation or
Annie E. Casey. There are programs like "Ticket-to-Work which many disabled
people choose to utilize as part of moving towards working again or the
"Cash and Carry" program. I've been watching the proposed breakout of
funding under the stimulus legislation and believe you will see several
"funding doors" you can bring your evaluation needs through. Prior to
retiring due to becoming disabled my entire professional life centered on
finding specific types of grant funding for non-profit organizations. Please
feel free to contact me off list if I can be of any assistance. Your
proposed evaluation is near and dear to my heart.



If you've been laid off read "How to Be Poor in America"
at http://www.skcllc.net <http://www.skcllc.net/> . It's a free website with
resources
that can help <http://howtobepoorinamerica.blogspot.com/> How to Be Poor In
America (HTBPIA) Daily Blog
You can reach me at skemp@skcllc.net



From: bounce-3575627-5851896@list.cornell.edu
[mailto:bounce-3575627-5851896@list.cornell.edu] On Behalf Of Rik Opstelten
Sent: Friday, February 13, 2009 11:12 AM
To: communitydevelopmentbanking-l@cornell.edu
Subject: Financial Literacy Funding



Hello all,

I seem to recall that the President's Advisory Council on Financial Literacy
at some time had published a list of possible sources of funding for
financial literacy training initiatives. I can't seem to locate it again.
Does anyone know of the existence of such a resource? I ask because we are
trying to evaluate what level of support might exist for an effort to
promote financial literacy among people with disabilities, with an
understanding of the restrictions to asset building placed upon them by the
benefits many receive.



Thanks for any help,



Rik Opstelten
Project Associate
RESNA/NATTAP
1700 North Moore Street
Suite 1540
Arlington, VA 22209-1903
(703) 524-6686 ext. 309
(703) 524-6630 (FAX)
ropstelten@resna.org





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