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2019-2020 ASSET ProgramGrant ApplicationProgram OverviewASSET is a multi-pronged financial empowerment program for families with young children. Often financial education is provided to help low-income families learn how to better manage their money. While financial education is a very important component, education alone is often not enough to create lasting financial behavior change. The ASSET program provides additional support to those struggling financially by combining goal setting, education, credit building, and financial coaching with a monetary incentive to save.The ASSET Program has been part of a multi-year program evaluation conducted by researchers from the Washington University Center for Social Development and Saint Louis University. The program evaluation has documented positive changes in participant financial knowledge, financial attitudes and behavior, and is showing great promise for promoting economic progress and improving the lives of low-income families.The ASSET program components include:Goal settingFinancial educationBudget and credit counselingFinancial coaching Savings match ($300)Grant OpportunityUnited Way is seeking applications for new and returning grant partners that have the capacity and desire to implement this financial empowerment program.Nonprofit organizations that serve low-income* families with children in the St. Louis Metro Area, including social service agencies, Head Starts, and/or non-profit childcare centers, are eligible to apply. See additional eligibility requirements in Section III. *50% of Area Median Income - please use the following chart when determining income eligibility for participants:# People in family2345678Family income$32,550$36,600$40,650$43,950$47,200$50,450$53,700Successful agency applicants will receive: A program grant of up to $5000 to implement this financial empowerment program for families with young children. Agencies will receive $2500 to support a class of 12-15 participants or $5000 for two classes of 12-15 participants each. The grant is intended to fund staff and program supports to help clients overcome obstacles to participation such as providing a light dinner and/or snacks, transportation, childcare and financial education incentives.In addition to the cohort of 12-15 participants, up to five (5) front-line (non-managerial) agency staff members can participant in the program via online classes. Staff training on:How to implement the program modelCompleting enrollment and program evaluation formsFinancial education curriculum and supplemental materialsReporting, evaluation and data tracking requirementsProgram participants will receive:10 hours of free financial educationFree credit counseling session with action plan to improve creditComplimentary personal financial coaching (provided by United Way Volunteers)Matched savings of $300 (participants will save $100 over the course of the program and will earn a match of $300)United Way will host a grant informational meeting on Wednesday, June 5th from 1:30-3pm at the United Way office (910 N. 11th Street, St Louis, MO 63101.) You may also attend remotely. Agencies are not required to attend, but it will be a great opportunity to ask questions and learn more about the program. Minimum Eligibility CriteriaTo qualify for funding, an organization must at a minimum: Be a 501(c)(3) not-for-profit or governmental entity that serves low-income families with children (including social service agencies, Head Starts, and/or non-profit childcare centers)File a Federal 990 annually Be in good standing with the State of Missouri’s Secretary of State Conduct an annual independent financial audit* Have a policy on compliance with USA Patriot Act and other counterterrorism lawsHave a policy for background checks, including child abuse and neglect screeningsHave an agency policy on non-discriminationHave an?agency policy on privacy protection practices (HIPAA)Provide on-going client support for at least 6 months*Agencies with total annual budgets under $100,000 may instead supply unaudited financial statements that include both a balance sheet and an income statement for their last two fiscal years.ResponsibilitiesThe Organization will:Market program to the agency’s clientsIdentify and recruit participants who have at least one financial goalHost the following classes/events, which utilize the FDIC Money Smart curriculum:Week One – Financial Education Class #1 (Budgeting)Week Two – Financial Education Class #2 (Banking)Week Three – Financial Education Class #3 (Saving)Week Four – Financial Education Class #4 (Credit and debt)Week Five – Financial Education Class #5 (Credit cards and review)Week Six – Budget and Credit Counseling with an approved provider for participants who have completed all financial education classes Week Seven – ASSET Check-in (meeting to complete program survey and sign up for the matched savings/financial coaching part of the program - participants must have completed all financial education classes and budget and credit counseling)Support the program participants through the end of the program by providing encouragement and assistance with participant contact (if phone numbers have changed or communication is lost)Participate in program evaluationSign a memorandum of understanding (MOU) with United Way United Way will:Provide staff training Assist in finding volunteer financial educators and credit counselorsProvide data entry support for participant tracking Administer the financial coaching and matched saving components of the program**Note: Participants must complete all Financial Education classes and Budget and Credit Counseling to be eligible for the matched savings opportunity. Program Evaluation and Data TrackingProgram evaluation will include collection of:Participant Enrollment and Consent FormFinancial Capability Surveys (administered at enrollment, at mid-term during the ASSET Check-In and at program end)Financial education pre- and post- testsOrganizations that are awarded funds will be expected to track the following information in an Excel spreadsheet provided by United Way for reporting and program evaluation. Track completion of:Participant Enrollment and Consent FormFinancial Capability SurveysBudget and credit counseling sessionFinancial education class attendanceFinancial education pre- and post- test scoresThe following reports will be due by January 3, 2020 (templates will be provided): Final Program ReportExpense reportTimelineMilestoneDateGrant Informational MeetingJune 5, 2019 (1:30-3:00pm) RSVP to IngridApplication DeadlineJune 28, 2019Final Award Approval and Agency NotificationJuly 12, 2019Participant enrollmentJuly-August 2019Financial Education classes, credit counseling and ASSET Check-InSeptember – November 2019Final Program and Expense Report Due January 3, 2020InstructionsAgencies interested in applying for funds must complete the application on pages 5-6 of this document and email it to ingrid.deetz@stl. by Friday, June 28, 2019 at 5pm. Agencies that are not United Way member agencies must also attach the following documentation with the application:?? Federal 501(c)(3) Tax Determination Letter?? Most recent Federal Form 990 Tax Return?? Illinois or Missouri Certificate of Corporate Good Standing?? Agency policy on compliance with USA Patriot Act and other counterterrorism laws?? Agency policy for background checks, including child abuse and neglect screenings?? Agency policy on non-discrimination?? Agency policy on privacy protection practices (HIPAA)?? Board of Directors Roster?? Most recent Audited Financial Statements including auditor’s opinion and footnotes*?? Most recent Management Letter prepared by independent auditor**In place of these documents, agencies with total annual budgets under $100,000 may instead supply unaudited financial statements that include both a balance sheet and an income statement for their last two fiscal yearsGrants are for up to $2500 per cohort of 12-15 participants. Agencies can apply to offer the program to a maximum of 2 cohorts for a total grant amount of up to $5000. A budget and budget narrative must be completed in section 3 of the application. Funds are to be used to deliver the ASSET program to low-income families with children at a social service agency, Head Start, and/or non-profit childcare center, in St. Louis City, St. Louis County, Jefferson County, St. Charles County, Madison County or St. Clair County. Applications should be single-spaced and not exceed 6 pages in length.For questions, please contact Ingrid Deetz at ingrid.deetz@stl. or 314-539-4157. Additionally, a grant informational meeting will be held June 5, 2019 from 1:30-3:00 pm at the United Way office (910 N. 11th Street, St Louis, MO 63101.) You may also attend remotely. Please RSVP to Ingrid. -457202896870United Way of Greater St. Louis would like to acknowledge Citi and Citi Foundation who worked with us to fund and pilot ASSET from 2013 to 2017 and to thank Stifel Bank for providing support to help us continue funding United Way financial empowerment programs.00United Way of Greater St. Louis would like to acknowledge Citi and Citi Foundation who worked with us to fund and pilot ASSET from 2013 to 2017 and to thank Stifel Bank for providing support to help us continue funding United Way financial empowerment programs.United Way of Greater St. Louis2019 ASSET Program ApplicationDEADLINE: June 28, 2019 at 5pmAgency Name Federal Tax ID NumberHeadquarter Address City, State, Zip Code Address where program will be deliveredCity, State, Zip Code Second address where program will be delivered (if applicable)City, State, Zip Code Website URLExecutive Director/CEO NameExecutive Director/CEO EmailExecutive Director/CEO PhonePrimary Contact Name (if different)Primary Contact Title Primary Contact Email Primary Contact Phone Year of IncorporationAccreditation Body (if applicable)Total Agency BudgetTotal Requested AmountSECTION I: AGENCY NARRATIVEBriefly describe your agency’s mission, vision, values, and how this program fits with your strategic goals.SECTION II: PROGRAM NARRATIVEAre you applying to run one (1) cohort of 12-15 participants (grant maximum: $2500) or two (2) cohorts for a total of 24-30 participants (grant maximum: $5000)?Describe the target population for this program, including demographics.(Optional) In addition to the 12-15 participants per cohort, up to 5 front-line (non-managerial) staff members may participate in the program. How many staff members do you anticipate enrolling and what is their role in the agency? Please provide the name and address of the proposed program site(s) and the projected number of participants who will be served at each site.Describe how your agency will deliver all the ASSET program components to your participants including:Program marketing and participant recruitment (flyers, parent meetings, etc)10 hours of financial education (led by volunteer instructor or staff?)Budget and credit counseling (i.e. Justine Petersen, Prosperity Connection, Community Action Agency, agency staff or other?)Host ASSET Check-In (meeting to complete program survey and sign up for the matched savings/financial coaching part of the program)Deliver participant reminders/follow upSupport participants throughout the programData tracking and reporting.Provide the credentials and competencies of the staff who will be responsible for this program (ie resume or paragraph describing applicable background and experience). If the person has not yet been hired, please provide job description.SECTION III: PROPOSED BUDGETComplete the budget template below:Proposed ASSET Program BudgetFoodChildcareTransportationStaff supportIncentivesOther: (please describe)Other: (please describe)Grant TotalPlease give a detailed description for how you plan to use the funds (staff support, food, transportation, childcare, financial education materials, etc.). Program funds are intended to assist participants in overcoming obstacles to participation. ................
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