Programs

  • Program 1 [2018]

    SUMMER JOBS CONNECT (SJC):THROUGH SJC, THE CFE FUND WORKS WITH 16 CITY GOVERNMENTS TO DEVELOP A NATIONAL MODEL FOR USING THE SCALE AND INFRASTRUCTURE OF MUNICIPAL SUMMER YOUTH EMPLOYMENT PROGRAMS TO INTEGRATE FINANCIAL EMPOWERMENT STRATEGIES AND ACHIEVE GREATER IMPACT. IN ADDITION TO DIRECTLY FUNDING OVER 2,000 YOUTH JOB SLOTS EACH SUMMER, THE CFE FUND IS SUPPORTING MUNICIPALITIES IN DEVELOPING TARGETED FINANCIAL EDUCATION AND BANKING ACCESS STRATEGIES THAT TAKE ADVANTAGE OF THE PAYCHECK OPPORTUNITY.
    Geographies
    Not indicated
    Dates
    Jul 1, 2017 – Jun 30, 2018
    Source
    990
    No causes provided
    No populations provided
    –
    $7M

  • Program 2 [2018]

    BANK ON:BANK ON PROVIDES CENTRAL SUPPORT TO OVER 75 LOCAL COALITIONS AND LIAISES NATIONALLY WITH BANKING, REGULATORY, AND NONPROFIT ORGANIZATION PARTNERS TO ENSURE THAT EVERYONE HAS ACCESS TO SAFE, AFFORDABLE BANKING. PROGRAM ACCOMPLISHMENTS INCLUDE: THE RELEASE OF THE FIRST-EVER BANK ON NATIONAL ACCOUNT STANDARDS, AND THE ACCOMPANYING MOVEMENT OF THE MARKET TO MEET THE STANDARDS; THE CREATION OF AN INFRASTRUCTURE TO EVALUATE AND VALIDATE ACCOUNTS THAT MEET THE STANDARDS; THE CREATION OF A PLATFORM TO FACILITATE AND AGGREGATE FINANCIAL INSTITUTION REPORTING OF DATA ABOUT BANK ON ACCOUNTS; THE LAUNCH OF THE BANK ON CAPACITY GRANT FUND TO TO ASSIST LOCAL COALITIONS IN EXPANDING BANKING ACCESS; AN INNOVATION FUND THAT SUPPORTS THE DEVELOPMENT OF REPLICABLE, LARGE-SCALE PROGRAMS THAT CONNECT UNDERSERVED POPULATIONS TO CERTIFIED ACCOUNTS; THE ESTABLISHMENT OF THE BANK ON FELLOWSHIP TO DEMONSTRATE WHAT FULL-TIME COALITION LEADERSHIP CAN ACCOMPLISH; AND ADDITIONAL TECHNICAL ASSISTANCE EFFORTS AIMED AT HELPING FINANCIAL INSTITUTIONS AND MUNICIPAL LEADERS UPGRADE AND REINVIGORATE LOCAL BANK ON PROGRAMS.
    Geographies
    Not indicated
    Dates
    Jul 1, 2017 – Jun 30, 2018
    Source
    990
    No causes provided
    No populations provided
    –
    $1M

  • Program 3 [2018]

    FINANCIAL EMPOWERMENT CENTER (FEC) REPLICATIONMUNICIPAL FINANCIAL EMPOWERMENT CENTERS (FECS) OFFER PROFESSIONAL, ONE-ON-ONE FINANCIAL COUNSELING AS A FREE PUBLIC SERVICE. THE MODEL, FIRST PILOTED IN NEW YORK CITY, HAS OPERATED FOR 11 YEARS AND IS NOW IN 8 CITIES, HELPING OVER 80,000 CLIENTS REDUCE DEBT BY OVER $94 MILLION AND INCREASE SAVINGS BY OVER $12 MILLION. EACH PARTNER HAS SEEN INCREDIBLE DEMAND FOR FEC SERVICES AND HAS QUICKLY REALIZED THE IMPORTANCE OF THIS WORK; MANY HAVE TRANSITIONED SUCCESSFULLY FROM PRIVATE INVESTMENT INTO ONGOING PUBLIC FUNDING SUSTAINABILITY. NOW, THE CFE FUND'S COMPREHENSIVE FEC PUBLIC REPLICATION STRATEGY, INFORMED BY LESSONS FROM ORIGINAL FEC REPLICATION CITIES, IS ESTABLISHING ROLLING COHORTS OF UP TO 50 LOCAL GOVERNMENTS IMPLEMENTING PROFESSIONAL FINANCIAL COUNSELING AS A FREE PUBLIC SERVICE.
    Geographies
    Not indicated
    Dates
    Jul 1, 2017 – Jun 30, 2018
    Source
    990
    No causes provided
    No populations provided
    –
    $1.1M