Grant Opportunities

Application Deadline: February 11th, 2022

Financial Empowerment Cities

Through the Financial Empowerment Cities (FE Cities) initiative, the CFE Fund will support cohorts of local leaders, trained in a new two-year FE Fellowship training program. Each FE Fellow will work with the CFE Fund to launch and lead a newly established local Office of Financial Empowerment, managing existing and launching new financial empowerment programs and initiatives. FE Fellows will also serve as the local government’s internal financial empowerment consultant; bring a financial stability lens to a range of related issues; and leverage their leadership role to ensure financial empowerment is central to local anti-poverty efforts. FE Fellows also will be well-positioned to bring financial empowerment services and expertise into local racial equity efforts.

Up to five local governments (city or county) will receive $170,000 in grant funding, plus extensive training and technical assistance over two years, to create an Office of Financial Empowerment that institutionalizes local financial empowerment efforts.

Want to learn more? The CFE Fund will host an informational webinar on this grant opportunity on January 21, 2022.

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4 Days Left Until Application Deadline

CityStart

The CFE Fund is accepting applications for a new cohort of its CityStart engagement, which helps local governments develop a municipal financial empowerment blueprint based on stakeholder and community engagement. In this equity-focused iteration of CityStart, the CFE Fund will partner with Black-majority city and county partners, as well as cities and counties with significant Black populations, to address residents’ financial empowerment needs, prioritizing the financial stability needs of Black residents. The CFE Fund will work closely with the Bloomberg Philanthropies’ Greenwood Initiative, an ambitious nationwide program that seeks to accelerate intergenerational Black wealth and address systemic underinvestment in Black communities, as well as other partners to identify strategies to address racial wealth and assets disparities, facilitate intergenerational wealth transfer, and build resident, family, and community financial stability.

Grantees will receive funding of $75,000, and significant technical assistance to develop and publicly launch an actionable blueprint outlining local financial empowerment strategies (e.g., financial education and counseling, asset building, access to banking, and consumer financial protection) and opportunities for broader systems investments to further equitable financial stability and address racial wealth equity. Apply now!

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2 Days Left Until Application Deadline

FEC Academy

The FEC Academy is a new opportunity for local governments to learn about the key building blocks of bringing the FEC model to their communities – including through leveraging federal funding streams like the American Rescue Plan Act (ARPA). The CFE Fund’s FEC Academy will guide cities and counties through each step of planning to launch the model locally, and includes significant CFE Fund technical assistance, access to planning resources and information, and participation in a robust learning community. Upon completion of the FEC Academy, partners will be equipped to mobilize the building blocks to launch the Financial Empowerment Center initiative in their community.

Enrollment into the FEC Academy will be open until January 21, 2022, with training starting in February 2022. Apply now!

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Rolling Deadline

Bank On Funding

The CFE Fund has a number of funding opportunities to support banking access efforts:

Start-Up Grant: The CFE Fund’s Bank On Startup Grant supports new or newly re-launched Bank On Coalitions in laying the foundation and developing the necessary infrastructure for coalition success. These capacity building grants will support local coalitions in the adoption of the Bank On National Account Standards and in launching or relaunching local Bank On initiatives. The CFE Fund is accepting applications on a rolling basis; please follow the instructions on the “Bank On Funding Pre-Application” form to apply for this grant.

Capacity Grant: The CFE Fund’s Bank On Capacity Grant aims to assist leadership of local Bank On coalitions in expanding banking access by providing capacity support for an existing Bank On coalition that has, or envisions, coalition leadership that is at least half time of that person’s portfolio. These capacity building grants support local coalitions in the adoption of the Bank On National Account Standards and for the ongoing operations of local Bank On efforts.  The CFE Fund is accepting applications on a rolling basis; please follow the instructions on the “Bank On Funding Pre-Application” form at the link to apply for this grant.

Integration Grant: The CFE Fund’s Bank On Integration Grant supports the development of replicable, large-scale programs that connect underserved populations to certified accounts to enable households to preserve their earnings and build assets through programming that makes regular payments (e.g. wages, cash benefits, payments, stipends). The CFE Fund is accepting applications on a rolling basis; please follow the instructions on the “Bank On Funding Pre-Application” form at the link to apply for this grant.

Innovation Grant: The CFE Fund supports a number of innovative local and multi-city efforts to improve banking access. Combined with our robust learning community, lessons learned from these investments provide key insights for the field. The Innovation Fund Grant supports the development of replicable, large-scale ideas that connect underserved populations to certified accounts to enable households to preserve their earnings and build assets. The CFE Fund will make grants on a rolling basis to implement programs or pilot projects that test new, innovative methods of reaching underserved markets, particularly through local government service channels; please follow the instructions on the “Bank On Funding Pre-Application” form at the link to apply for this grant.

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The CFE Fund is a 501(c)3 corporation; our programmatic, research, and policy efforts focus on designing, embedding, and replicating financial empowerment initiatives within the fabric of local government. Click below to partner with us.

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