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The Center for Financial Services Innovation (CFSI) Nonprofit Opportunities Fund
Filed Under:
Average grant size $200,000-$300,000. Proposals due Friday, March 14, 2008.
The Center for Financial Services Innovation (CFSI) is now requesting proposals for its Nonprofit Opportunities Fund. CFSI seeks to support 4-6 pioneering, nonprofit organizations providing innovative financial services and asset-development opportunities that move underbanked consumers towards financial prosperity. Funded through a grant from the Wal-Mart Foundation, the grants will be the largest in both size and scope ever awarded by CFSI—a total of $1.25 million. The average grant size will be $200,000-$300,000.
CFSI intends to fund innovative projects aimed at underserved consumers that both address these consumers’ short-term financial needs and promote their long-term financial well-being. CFSI strongly encourages collaborative ventures involving multiple parties. CFSI will give special priority to proposals involving innovative distribution and marketing strategies or new products and services. CFSI has particular interest in short-term credit, prepaid cards, workplace-based solutions, and self-service delivery channels.
Please visit www.cfsinnovation.com to download the RFP. The deadline to submit a proposal is Friday, March 14, 2008 at 11:59PM CST.
