Grant Details

Rose Foundation for the Communities and the Environment - CFEF

Contact
Name
Gabriel Rosenstein, Grants Administration and Contracts Lead
Phone
Address
Details
Programs
  • Education
  • Employment, Economic Development, Job Related and Business Grants
  • Human Services - Multipurpose and Other
States
  • Alaska
  • Connecticut
  • Delaware
  • Dist. Columbia
  • Florida
  • Maine
  • Maryland
  • Massachusetts
  • New Hampshire
  • New Jersey
  • New York
  • North Carolina
  • Pennsylvania
  • Rhode Island
  • South Carolina
  • Vermont
  • Virginia
Maximum Grant Amount
$100,000
Deadline
March 1, 2024
Description

The Rose Foundation for the Communities and the Environment is accepting letters of inquiry to the Consumer Financial Education Fund.

The fund supports projects that relate to consumer financial education, with an emphasis on issues related to just and equitable banking, basic banking, financial literacy, access to financial services, retail banking accounts, and underbanked and/or vulnerable populations. 

The 2024 grants opportunity is enabled by a cy pres award from the In Re: TD Bank, N.A. Debit Card Overdraft Fee Litigation, Case No. 6:15-mn-02613-BHH, class action setlement related to improper overdraft fees, and it will be conducted in accordance with the requirements set by the Court.

Proposed projects must be designed to serve vulnerable and/or underbanked populations including low-income communities of color, individuals and families, students, veterans, and non-English speakers and conducted by organizations that have a demonstrated track record of working with these communities.

Examples of allowable educational activities include teaching adults and children about financial issues and increasing their financial literacy, including community workshops, classroom presentations, trainings, conferences, and webinars, especially including information about overdraft fees and how to avoid them.

Educational programs covering the following topics are preferred:
  1. Fees and choices related to debit cards and pre-paid debit cards that lead to high interest rates;
  2. Educating consumers to not opt-in to overdraft protection when fees will be charged;
  3. The dangers of high-cost, short-term credit such as payday lenders or Buy Now Pay Later programs and how to avoid this type of borrowing;
  4. Educational projects should seek to adapt and utilize existing curricula. Applicants proposing to create entirely new curricula should be prepared to fully justify why existing financial literacy curricula is insufficient;
  5. Events for legislators and other policy-makers to help them understand pertinent issues.

Proposals must relate primarily to financial education issues or fair and equitable banking practices and be targeted towards users, regulators, and enterprises residing in the United States. These projects may be regional, statewide, or local, but projects MUST
serve people in specific states/territories.

Eligibility
  • The applicant must be a 501(c)(3) nonprofit or be fiscally sponsored by a 501(c)(3) nonprofit. Nonprofit colleges, universities, university clinics and graduate programs are eligible to apply, but university overhead is limited to 5% of grant award.

  • The applicant must demonstrate expertise in consumer education or advocacy, especially related to financial literacy.

  • An applicant’s principal place of business must be in the United States, and the project must be conducted in one or more of the following states: Connecticut, Delaware, Florida, Maine, Maryland, Massachusets, New Hampshire, New Jersey, New York, North Carolina, Pennsylvania, Rhode Island, South Carolina, Vermont, Virginia, or Washington, D.C.

  • None of the grant funds may be used to finance, promote, or facilitate any litigation


2024 Deadlines
Letters of inquiry are due by March 1
Invited applications are due by April 5

Grant information was last reviewed by our staff on 1/23/2024

Application Link
Go directly to guidelines and application

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