Financial Capability Innovation Fund
Posted by on September 10, 2010
CFSI’s New Financial Capability Innovation Fund Now Accepting Proposals
The Center for Financial Services Innovation (CFSI) launched the Financial Capability Innovation Fund to provide grants and technical assistance to promising nonprofit-led projects designed to help consumers better manage their finances and achieve financial prosperity. CFSI will award a total of $1.25-$1.5 million to four to six nonprofit-led projects through a competitive request for proposals process. The RFP process begins September 1, 2010.
The Financial Capability Innovation Fund is supported by a collaborative of funders — led by the Citi Foundation — and includes Bank of America, Capital One Financial Corporation, Morgan Stanley, Experian, and Visa Inc. The Fund will be advised by a leadership council comprised of the funders as well as a number of additional thought-leaders and financial capability experts including the National Endowment for Financial Education (NEFE).
CFSI is accepting proposals through October 13, 2010. For more information on the Fund or to download the request for proposals, visit the CFSI website at http://www.cfsinnovation.com/financialcapability.
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