Funding and Partnership Opportunities for Nonprofit Organizations and Banks to Offer Financial Education

Northern Illinois nonprofit organizations and banks and credit unions interested in offering financial education classes for low-income adults are invited to attend one of two events for funding and partnership opportunities.

At a free one-day bidders’ conference on May 3, from 9:00 a.m. to 4:00 p.m. in Sycamore, Illinois, for nonprofit organizations, a request for proposals will be issued to fund up to five nonprofit organizations in northern Illinois at $8,000 to $10,000 per site. Only nonprofit organizations attending the conference will be eligible to apply for the grants.

The conference will be held at the University of Illinois Extension DeKalb Office at 1350 West Prairie Drive. Continental breakfast and lunch will be served.

Participants will learn about the Financial Links for Low-Income People (FLLIP) coalition’s Financial Education Program, how to write a proposal to receive funding for the program, and how to form partnerships to teach financial education to low-income adults. Participants will also learn how to write proposals for support from private financial institutions from an experienced grant writer and foundation consultant.

Participants at a bankers’ luncheon for bank and credit union officers, on May 4 from 11:30 a.m. to 1:00 p.m., will learn how to develop knowledgeable customers and new business by supporting free financial education classes for low-income adults. The financial institutions will be encouraged to partner with local nonprofit organizations to develop proposals and implement programs. The place for the luncheon will be announced shortly.

If you are interested in attending either the bidders’ conference or the bankers’ luncheon, contact Hannah Avellone by April 19 at 312.368.8575.