Delaware Nonprofits Share in Grant Funds to Promote Financial Literacy

A wide-ranging group of community organizations serving Delawareans from all walks of life have been selected to receive year 2022 grants from the Financial Literacy Education Fund (FLEF).

“Financial literacy levels the playing field across all communities in our state,” said Delaware State Bank Commissioner Robert Glen. “For this round of grants, our team reviewed a great collection of applications, and we were thoroughly impressed with the breadth and depth of financial literacy programming being offered by our nonprofit partners.”

Since the FLEF was established in 2010, over $3 million has been awarded to dozens of organizations to improve financial literacy for Delawareans of all ages. Grants from the FLEF program have supported programs to teach students the importance of saving, guide families on the path to homeownership, and support single parents with tools to build financially healthy households.

For this round of grants, a total of $458,577.05 was awarded to 21 nonprofit organizations to support programs that met criteria established by the Office of the State Bank Commissioner. Funding for the FLEF is derived from a license fee charged to businesses that make high-cost payday loans and car title loans.

Applications for FLEF grants were scored on their potential to improve the financial literacy of Delawareans, especially programs that are proactive, preventative, and forward-thinking. Programs and services funded with FLEF grants are designed to reach populations or geographic regions that have limited access to financial literacy resources, with special emphasis on reaching out to members of the military, seniors, and minority communities.

 

Organization Grant
Boys & Girls Clubs of Delaware $20,000.00
Christina Cultural Arts Center $12,500.00
Community Integrated Services $26,050.05
Delaware Community Reinvestment Action Council, Inc. $32,000.00
Delaware Council on Economic Education $20,000.00
Delaware State University/DE Center for Enterprise Development $6,000.00
Elizabeth W. Murphey School Inc. $20,000.00
Housing Opportunities of Northern Delaware Inc. $20,000.00
Interfaith Community Housing of Delaware, Inc. $40,000.00
Junior Achievement of Delaware, Inc. $20,000.00
Kalmar Nyckel Foundation $8,500.00
La Plaza Delaware, Greater Lewes Foundation $40,000.00
Latin American Community Center $20,000.00
Lewes Public Library $5,000.00
Nehemiah Gateway CDC $10,000.00
NeighborGood Partners (formerly NCALL) $40,000.00
Opportunity Center Inc. (dba ServiceSource) $30,000.00
Sussex County Habitat for Humanity $30,000.00
University of Delaware 4-H Program $8,527.00
West End Neighborhood House, Inc. $15,000.00
YWCA Delaware Inc $35,000.00
 

TOTAL

$458,577.05

 

The Office of the State Bank Commissioner is responsible for regulating and examining State-chartered banks and trust companies and licensed financial services businesses, including mortgage loan brokers, licensed lenders, mortgage loan originators, check sellers, money transmitters, check cashers, motor vehicle sales finance companies, money transporters, business, and industrial development corporations and pre-need funeral contract providers. The Office resolves complaints against financial institutions and provides consumer education programs to Delaware residents.


State Bank Commissioner Now Accepting Applications for Financial Literacy Education Fund (FLEF)

Dover, Del.—Delaware schools, nonprofits, and community organizations are invited to apply for a new round of state grant funds to support financial literacy education for people from all walks of life.

Since the state’s Financial Literacy Education Fund (FLEF) was established in 2010, over $2.5 million has been awarded to dozens of organizations across the state for programs that teach students to save at an early age, help coach families on the path to home ownership, give single parents tools for financial independence, and more.

“We want all Delawareans to be set up for success. Financial literacy is one tool that can help at all stages of life, whether you’re a recent graduate, an entrepreneur, or a retiree looking toward your next chapter,” said Governor John Carney. “With these grant funds, we will work with a variety of organizations across the state to meet people where they are and help guide them to a more financially secure future.”

This year, 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 Delaware Department of Education. Funding for the FLEF is derived from a license fee charged to businesses that make high-cost payday loans and car title loans.

Successful grant proposals will approach financial literacy in ways that are proactive, preventive, and forward-thinking. Programs designed to reach underserved populations and regions of the state that have had limited access to financial literacy services are encouraged, with special emphasis on reaching out to veterans, seniors, and minority communities.

All schools recognized by the Department of Education and Delaware organizations with 501(c)(3) federal tax-exempt status are eligible to apply.

Grant applications are due by December 1, 2022 and must be completed using the form available at https://banking.delaware.gov/financial-literacy-education-fund/. Forms should be emailed to Florence Jones at the Office of the State Bank Commissioner at florence.jones@delaware.gov along with any attachments. Receipt of grant applications will be confirmed within three business days. If applicants do not receive confirmation, they should contact Florence Jones at 302-739-4235 and resubmit their applications.

 

The Office of the State Bank Commissioner is responsible for regulating and examining State-chartered banks and trust companies and licensed financial services businesses, including mortgage loan brokers, licensed lenders, mortgage loan originators, check sellers, money transmitters, check cashers, motor vehicle sales finance companies, money transporters, business, and industrial development corporations and pre-need funeral contract providers. The Office resolves complaints against financial institutions and provides consumer education programs to Delaware residents.

 


Delaware Nonprofits Share in Grant Funds to Promote Financial Literacy

DOVER, Del. – A wide-ranging group of community organizations serving Delawareans from all walks of life have been selected to receive this year’s round of grant funds from the Financial Literacy Education Fund (FLEF.)

“Financial literacy is a key pillar of stable and prosperous communities where families are empowered to pursue their dreams,” said Secretary of State Jeff Bullock, whose department oversees the FLEF grant program. “In no small way, Delaware’s future and the strength of our economy is tied to financial literacy, and I want to thank all the organizations who will use FLEF grant funds to help secure that future.”

Since the FLEF was established in 2010, approximately $2.6 million has been awarded to dozens of organizations to improve financial literacy for Delawareans of all ages. Grants from the FLEF program have supported programs to teach students the importance of saving, guide families on the path to homeownership, and support single parents with tools to build financially healthy households.

“Our team had a great collection of applications to review this year and we were thoroughly impressed with the breadth and depth of financial literacy programming being offered by our nonprofit partners across the state,” said Delaware State Bank Commissioner Robert Glen.

This year, a total of $365,000 was awarded to 23 nonprofit organizations to support programs that met criteria established by the Office of the State Bank Commissioner. Funding for the FLEF is derived from a license fee charged to businesses that make high-cost payday loans and car title loans.

Applications for FLEF grants were scored on their potential to improve the financial literacy of Delawareans, especially programs that are proactive, preventive and forward-thinking. Programs and services funded with FLEF grants are designed to reach populations or geographic regions that have limited access to financial literacy resources, with special emphasis on reaching out to members of the military, seniors and minority communities.


Grant Funds Promote Financial Literacy Education

Dover, DE – Delaware schools, nonprofits and community organizations are invited to apply for a new round of state grant funds to support financial literacy education for people from all walks of life.

Since the state’s Financial Literacy Education Fund (FLEF) was established in 2010, approximately $2.2 million has been awarded to dozens of organizations across the state for programs that teach students to save at an early age, help coach families on the path to home ownership, give single parents tools for financial independence, and more.

“We want all Delawareans to be set up for success, and financial literacy is one tool that can help at all stages of life – whether you’re a recent grad ready for the workforce, an entrepreneur with a great business idea, or a retiree looking toward your next chapter,” said Governor John Carney. “With these grant funds, we will work with a variety of organizations across the state to meet people where they are and help guide them to a more financially secure future.”

This year, a total of $340,000 will be made available to support programs that meet criteria established by the Office of the State Bank Commissioner and the Delaware Department of Education. Funding for the FLEF is derived from a license fee charged to businesses that make high-cost payday loans and car title loans.

Successful grant proposals will approach financial literacy in ways that are proactive, preventive and forward-thinking. Programs designed to reach underserved populations and regions of the state that have had limited access to financial literacy services are encouraged, with special emphasis on reaching out to veterans, seniors and minority communities.

All schools recognized by the Department of Education and Delaware organizations with 501(c)(3) federal tax-exempt status are eligible to apply.

Grant applications are due by Oct. 1, 2019 and must be completed using the form available at banking.delaware.gov. Forms should be emailed to Dawn Hollinger at the Office of the State Bank Commissioner (dawn.hollinger@delaware.gov) along with any attachments. Receipt of grant applications will be confirmed within three business days. If applicants do not receive confirmation, they should contact Dawn Hollinger at 302-739-4235 and resubmit their applications.

 


Grant Funding Supports Financial Literacy

DOVER – A diverse group of Delaware nonprofit organizations will share in nearly $300,000 in grants from the state’s Financial Literacy Education Fund (FLEF) this year, supporting programs across the state to help Delawareans from all walks of life make better financial decisions for themselves and their families.

office of the state bank commissioner“Our communities grow and prosper when more Delawareans have the tools they need to manage their financial lives, make smart decisions with their money, and plan for their futures,” said Secretary of State Jeff Bullock, whose department oversees the FLEF grant program. “By supporting the organizations that help promote financial literacy, we’re making an investment in the future economic health of our state.”

Since the FLEF was established in 2010, more than $2 million has been awarded to more than two dozen organizations to improve financial literacy for Delawareans of all ages. Students in Delaware schools have learned the importance of saving money, families living in rental housing have been coached along the path to homeownership, and pregnant and parenting young women have learned how to develop financial plans to strengthen their futures.

“These grants for our citizenry, particularly when directed to our children and young adults, are the most basic and necessary economic and workforce development investments the state can make,” said Rob Eppes, president of Junior Achievement of Delaware. “In addition, FLEF grants bridge gaps in private funding that are increasingly challenging for non-profits to fill.”

This year, a total of $290,000 was awarded to 18 nonprofit organizations to support programs that met criteria established by the Office of the State Bank Commissioner. Funding for the FLEF is derived from a license fee charged to businesses that make high-cost payday loans and car title loans.

Applications for FLEF grants were considered on the basis of how they improve the financial literacy of Delawareans, especially programs that are proactive, preventive, and forward-thinking. Programs and services funded with FLEF grants are designed to reach populations or geographic regions that have limited access to financial literacy resources, with special emphasis on reaching out to members of the military, seniors and minority communities.