Register today to join CFED and First Nations Development Institute for a webinar on Thursday, February 12 at 2 pm EST to learn more about financial capability programs serving Native communities.
Tribes and Native American nonprofits are pioneering new and innovative financial capability programs that empower tribal citizens to take control of their financial futures. First Nations Development Institute (First Nations), working in partnership with the Northwest Area Foundation, has just released a new report documenting these programs and identifying promising practices and areas for growth. Titled “Building Assets and Building Futures: Financial Capability Programs in Native Communities,” this report provides an overview of recent research on financial literacy and financial services in Native communities, and then presents data on financial capability programs serving a broad range of communities in the Northwest Area Foundation region. Among the 75 Native nations in the Northwest Area Foundation region, at least half are served by some type of financial education program, 20 have an Individual Development Account program, 48 have a Volunteer Income Tax Assistance (VITA) program and at least 33 are served by a Community Development Financial Institution.
During the webinar, findings from the paper will be shared, and recommendations for supporting effective financial capability programs will be discussed. Community practitioners will present information about their work building financial capability programs to serve a reservation-based audience.
Consumer Financial Protection Bureau|Money, Your Goals "Train-The-Trainer" Webinar - February 19th
The CFPB is hosting an upcoming Your Money, Your Goals “train-the-trainer” webinar that will teach participants how to train other social service providers to use the toolkit with their clients. The webinar is free to attend and will last 4 hours.
Please join us Thursday February 19, 2015 from 1:00pm – 5:00pm EST for the webinar.
How to access the webinar:
If you are participating online, you have to join both by internet (for visuals) and by phone (for audio) as follows:
The Color of Wealth 2015 Policy Summit | Announced Travel Scholarship
The Center for Global Policy Solutions has announced that they will be giving out travel scholarship to your attendance at their summit in Washington, DC, from April 29th to May 1, 2015. They hope this will make it easier for you to join their discussion on innovative policies to address income and wealth disparities in communities of color, including education, jobs, homeownership, retirement security, entrepreneurship, and financial access and protection.
Consumer Financial Protection Bureau|Launched "Owning a Home"
The CFPB has launched a set of tools and resources to help homebuyers and homeowners feel more confident, become more informed, and make smarter decisions about mortgages. They are calling it “Owning a Home.”
Check out Owning a Home: www.consumerfinance.gov/blog/owning-a-home/
Owning a Home can help you and the people you serve:
Learn about loan options: As you begin your home and mortgage search, this guide will help you choose the right mortgage for your situation.
Check interest rates: This tool gives you a realistic sense for the range of interest rates you should expect when shopping for a mortgage, so you can know whether you’re getting a good deal.
Get ready for closing: As you near the end of the process, a simple checklist will help prepare you for the big day.
These tools can help prepare people in the process of buying a home by setting realistic expectations for home affordability. With these tools, you or your client can enter information to see the range of mortgage interest rates that could be available to them in your community.
Community Financial Empowerment Learning Partnership | Requesting for Proposals - February 18th
We’re excited to share a new Request for Proposals for an intensive learning partnership with CFED focused on improving and expanding financial capability services, both within organizations, as well as to align and coordinate service delivery among community partners.
With support from JPMorgan Chase, CFED is accepting applications from organizations and partnerships of organizations interested in joining an 18-month Community Financial Empowerment Learning Partnership to improve and expand financial capability service delivery within their organizations and to align and coordinate service delivery within their communities. Because CFED is committed to helping families achieve financial security, they seek to increase the number of clients accessing financial capability services and to heighten awareness of and interest in integrated service delivery by the broader field.
This Learning Partnership, which runs from April 2015-September 2016, will utilize three approaches in helping organizations build capacity: technical assistance, convening and peer learning. Organizations selected to participate will receive $20,000 in grant funds to support their participation in the Learning Partnership.
Ideal learning partnership members will be organizations or partnerships of organizations that are currently providing at least two or more financial capability services and are interested in taking these services to the next level to improve and expand their delivery for greater community impact.
Interested applicants should download and review the full Request for Proposals. All proposals should be submitted to CFED via email to firstname.lastname@example.org no later than Wednesday, February 18, 2015 at 5:00pm PT.
The CFPB released the report of a research study that introduces the first-ever definition of financial well-being created from what consumers have to say on the subject.
To arrive at the definition, they conducted interviews with financial education practitioners and with consumers from a wide range of backgrounds, ages, and regions. The results show that financial well-being has four main elements:
• Control over your day-to-day, month-to-month finances
• Capacity to absorb a financial shock
• Financial freedom to make choices to enjoy life
• On track financially to reach your life goals
Department of Health and Human Services | Native Asset Building Initiative Grant
The Office of Community Services (OCS) and the Administration for Native Americans (ANA) have partnered to increase access to and awareness of asset building opportunities in Native American communities. OCS and ANA are program offices within the Administration for Children and Families (ACF). OCS and ANA will accept applications to establish and administer asset building projects with a focus on Assets for Independence (AFI) projects. The AFI focus of each project requires that eligible participants are given access to matched savings accounts, called Individual Development Accounts (IDA), in which participants save earned income for the purchase of a home, for business capitalization, or to attend higher education or training. Grantees will provide an array of additional supports and services to enable low-income individuals and families to become economically self-sufficient for the long term. Additional services offered to participants may include financial literacy education, credit counseling, coaching on money management and consumer issues, business support, home ownership support services, and other supportive services that enable them to become more financially secure. The IDA portion of the project is funded by OCS. ANA funds may be used to pay for costs associated with project administration and to provide other asset-building strategies. Under the funding opportunity announcement (FOA), applicants will submit 1 application that identifies a single work plan and 2 budgets, that is, a budget for each award. Successful applicants will receive an OCS-AFI award and an ANA-SEDS award.
Financial Industry Regulatory Authority | Grant Opportunities
Through the General Grant Program, the FINRA Investor Education Foundation funds research and educational projects that support its mission of providing under-served Americans with the knowledge, skills and tools necessary for financial success throughout life. In 2015, the FINRA Foundation welcomes applications for projects of approximately $50,000–$100,000 that advance understanding of the relationships among financial literacy, financial capability and financial well-being. Priority will be given to projects that use data from the National Financial Capability Study (see www.usfinancialcapability.org) and other existing data sets. The Grant Guidelines specify eligibility requirements and other criteria. Please review the guidelines carefully. For more information, please visit: http://www.finrafoundation.org/grants/general/
First Nations Development Institute | Now Accepting Proposals for 2015 Native Youth & Culture Fund
First Nations Development Institute (First Nations) is now accepting proposals for its Native Youth and Culture Fund (NYCF) program that focuses on youth, and incorporating culture and tradition to address social issues in Native communities. First Nations will award approximately 20 grants to Native organizations and tribes seeking ways to preserve, strengthen and/or renew Native culture and tradition among Native youth.
First Nations began the NYCF in 2002 with the belief that Native youth represent the future of Native communities, and that their health and well-being determine the future overall health and well-being of a community. By investing in its youth and giving them a sense of place and tradition in the community, a community ensures that it will have bright and capable future leaders. Specifically, we are seeking projects that focus on one or more of these four priority areas:
Preserving, strengthening or renewing cultural and/or spiritual practices, beliefs and values.
Engaging both youth and elders in activities that demonstrate methods for documenting traditional knowledge, practices, and/or beliefs, where culturally appropriate.
Increasing youth leadership and their capacity to lead through integrated educational or mentoring programs.
Increasing access to and sharing of cultural customs and beliefs through the use of appropriate technologies (traditional and/or modern), as a means of reviving or preserving tribal language, arts, history, or other culturally relevant topics.
First Nations expects to receive 200 proposals. From these submissions, approximately 40 will be invited to submit full proposals. From those applicants asked to submit full proposals, First Nations will award approximately 20 grants. Some of the projects selected may have received previous NYCF funding, and are seeking additional support to expand the original project, with a view toward sustainability. First Nations prefers to fund projects no longer than one year in length, and with budgets between $5,000 and $20,000.
Applications are due by 5 p.m. Mountain Daylight Time on Thursday, March 12, 2015. All applicants must fully complete the First Nations online grant application. Eligible entities include but are not limited to federal- and state-recognized tribal governments, tribally-run programs, tribal colleges, and Native American-controlled 501(c)(3) nonprofit organizations. This program does not fund individuals or public schools.
Organizations that are not a tribal government, 501(c)(3), or a Section 7871 must have a fiscal sponsor that is a qualifying entity. All entities that apply must be located in a tribal community or have very close ties to one or more tribal communities. Urban groups that serve only off-reservation tribal members are very unlikely to be funded as our focus is tribal communities.