Governor Markell Announces New Funding For Financial Literacy Programs
Applications Being Sought From Schools, Community Non-Profit Organizations — Deadline is February 17, 2012
WILMINGTON – Governor Jack Markell continues his longstanding commitment to improving financial education by announcing a second round of grants available through the State’s Financial Literacy Education Fund (FLEF). Non-profit organizations and K-12 schools throughout Delaware are eligible to apply for funding to increase financial and economic literacy among youth and adults.
A total of over $400,000 is available to support programs that meet criteria established by the Office of the State Bank Commissioner and the Department of Education. The funding is derived from a license fee charged to businesses that make high-cost payday loans and car title loans. Grants were awarded to 13 non-profit organizations in fiscal year 2011.
“It’s been part of my mission since first being elected to public office to help Delaware families get the education and tools they need to live within a budget, borrow responsibly and maximize returns on their savings and investments. We want individuals and families to be able to build their own financial security,” Markell said. ”The Financial Literacy Education Fund has already helped hundreds of Delawareans gain the skills they need to better manage their finances.”
Proposals for competitive grants will be considered on the basis of how they improve the financial literacy of Delawareans. The State is particularly interested in funding proactive, preventive, and forward-thinking proposals. Applications for programs and services designed to reach populations or geographic regions within the State that have had limited access to financial literacy programs are encouraged.
FLEF grants will be awarded to schools and other organizations for K-12 financial literacy programs, adult financial literacy programs, and targeted campaigns for residents facing decisions on debt, with special emphasis on reaching out to members of the military, seniors and minority communities. A grants committee will oversee all grant-making.
All schools recognized by the Delaware Department of Education and nonprofit organizations within the State of Delaware that have a 501(c)(3) designation by the Internal Revenue Service are eligible to apply. The Fund has one competitive Program Grant cycle each year.
For fiscal year 2012, grant applications are due no later than February 17, 2012. Grants must be completed using the form available at http://banking.delaware.gov and sent to Dawn Hollinger (firstname.lastname@example.org) along with any attachments.
Receipt of grant applications will be confirmed within 3 business days. If applicants do not receive confirmation, they should contact Ms. Hollinger at the Office of the State Bank Commissioner at 302-739-4235 and resubmit their applications.