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.


Governor Carney Announces Grant Funds Available to Promote Financial Literacy Education

Dover, DE – For the seventh consecutive year, grant funds for Delaware schools and nonprofits to promote financial literacy across the state are now available through the state’s Financial Literacy Education Fund (FLEF).

“Delaware continues to lead the way in making financial education available to Delawareans from all walks of life,” said Governor John Carney. “Through a variety of programs that teach how to establish and maintain a household budget, educate youth on the importance of having good credit, and help families buy their first homes, Delaware’s schools and non-profit organizations have the tools to promote healthy financial decision making.”

office of the state bank commissionerSince the FLEF was established in 2010, approximately $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.

This year, a total of $270,000 will be made available to support programs that meet criteria established by the Office of the State Bank Commissioner and the 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.

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

All schools recognized by the Delaware Department of Education and Delaware organizations with 501(c)(3) federal tax-exempt status are eligible to apply. The FLEF has one competitive grant cycle each year, overseen by an award committee.

Grant applications are due by Friday, September 15, 2017 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.

###

Contact: Doug Denison
Department of State
doug.denison@delaware.gov
302-857-3038


Governor’s Weekly Message: Empowering Delawareans to be Financially Literate and Grow Our Economy

Wilmington, DE – In his weekly message, Governor Markell highlights the work of Stand By Me, a financial empowerment program that recently celebrated its fifth anniversary.

“Delaware’s economy continues to get stronger, with a low unemployment rate and record job creation that leads the region. However, at a time of rapid economic changes, many people continue to struggle with financial insecurity. ,” Governor Markell said. “Stand By Me is a great example of how the private and public sectors can work together at a time when government has fewer resources to deploy. By empowering people financially, we ensure they can focus on working hard to get ahead and care for their families. And that keeps Delaware moving forward.”

Every week, the Governor’s office releases a new Weekly Message in video, audio, and transcript form. The message is available on:

YouTube: https://youtu.be/wQYl3dmi-yM
Delaware.Gov:http://governor.delaware.gov/podcast_video.shtml
By email: Please contact our press team to subscribe to our press list
Facebook: https://www.facebook.com/governormarkell
Twitter:  www.twitter.com/governormarkell

Transcript of the Governor’s Weekly Message: Empowering Delawareans to be Financially Literate and Grow Our Economy