Early Learnings from the Financial Capability Innovation Fund
April 19, 2012
2:00 - 3:30 pm Eastern/11:00 am -12:30 pm Pacific
In celebration of Financial Literacy Month, Citi Foundation and the Center for Financial Services Innovation (CFSI) invite you to join us for a webinar to learn about the new strategies being tested by the Financial Capability Innovation Fund.
In 2010, CFSI launched the Financial Capability Innovation Fund to identify, support and evaluate new and improved strategies that deliver positive behavior changes and improved financial outcomes for low-income, financially-challenged consumers. The Citi Foundation is the major funder of this groundbreaking initiative and played a leadership role in the Fund’s design and in building a collaborative of other financial institution funders including Bank of America, Capital One, Morgan Stanley, Experian, U.S. Bank, and Visa Inc.
Through a competitive request for proposals process which yielded 246 proposals totaling more than $67 million in requests from organizations across 44 states, CFSI selected 5 cutting-edge projects to receive $1.5 million total in grant support. These projects promote financial capability by leveraging technology, applying behavioral economics concepts, and closely combining relevant, timely, actionable, and ongoing messaging with access to high-quality financial products and services.
Please join us to hear from these innovators about the new approaches currently supported by the Financial Capability Innovation Fund and our early learnings about what works for promoting financial capability.
The innovations are relevant whether you are a nonprofit organization looking to make your financial education or financial services programming more actionable and impactful or whether you are a financial services company looking for new ways to promote the success of your customers.
Sarah Gordon, Director, Advisory Services & Nonprofit Investments, CFSI
Daria Sheehan, Senior Program Officer, Citi Foundation
Financial Capability Innovation Fund Grantees:
· Consumer Credit Counseling Service of Delaware Valley
· Co‐opportunity, Inc.
· Filene Research Institute
· Mission Asset Fund
See the recording of the webinar here.