Economic Independence Fund to Support Financial Education Programs

Posted by on January 28, 2005

American Express Economic Independence Fund to Support Financial Education Programs
Deadline: March 4, 2005

The American Express Foundation will grant $1 million in 2005 to fund financial literacy and education projects as part of the American Express Economic Independence Fund.

The program is designed to support the delivery of financial literacy education to underserved adult segments of society, including the newly employed, young workers, individuals moving from welfare to work, and immigrants. The fund is being administered jointly with the National Endowment for Financial Education.

Any U.S. nonprofit organization that is tax exempt under section 501(c)(3) of the Internal Revenue Code and whose clients are representative of underserved adult audiences targeted by the fund and who would benefit from financial literacy education is eligible to apply. The focus is on organizations operating at the community level that may or may not have affiliations with state, regional, and national groups. Multi-organizational partnerships or statewide programs are acceptable.

Grant amounts will range between $15,000 and $30,000, and proposals will be considered for projects ranging from twelve to twenty-four months in duration.

All applicants are required to consult the Financial Education Clearinghouse to select pre-approved curricula and educational materials.

See the NEFE Web site for complete program guidelines, application materials, and information on past grant recipients.

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