The Financial Capability Innovation Fund: Supporting strategies that provide Americans access to the financial products and educational tools they need to change their lives.

Next month CFSI will launch the Financial Capability Innovation Fund, a new grant fund to support ground-breaking nonprofit-led projects designed to promote the financial capability of lower-income, underserved consumers. CFSI will issue a request for proposals in early September to identify the most promising solutions through a competitive review process. The Financial Capability Fund is supported by a collaborative of funders led by the Citi Foundation and also including Bank of America, Experian, and Visa Inc.. The Fund will be advised by a council comprised of funders as well as a number of other thought-leaders and experts including the National Endowment for Financial Education (NEFE). 

•For more information about CFSI’s past grantees and the projects we have previously funded please visit our grantees page.

•For more information about the financial capability framework, the elements of effective financial capability models, and promising areas for further investment and study, see our research paper released earlier this year.