BPI 2012 Grant Awards

The Black Philanthropy Initiative announces $20,000 in grants that were awarded in late 2012 from the Black Philanthropy Fund’s fifth grant cycle.  The focus area for these grants was programming that supports African Americans in the area of financial literacy.  Grants were awarded to four organizations:

Experiment in Self-Reliance

This $5,000 grant will support an Individual Development Account (IDA) program to assist working low-income individuals in becoming financially stable.  The desired outcome of the intensive case management and training is that clients can become homeowners within a 20-month period, thanks to a solid foundation of economic literacy skills that will help them retain and maintain their homes.

Family Services
This $5,000 grant will provide financial literacy workshops to families of preschoolers attending Head Start.  The series of 10 workshops will run from January through May, 2013, taught by experts in the community on topics such as Budgeting, Insurance, Taxes, Saving for a Child’s College Education, Scholarships, Investing, and Improving your Credit Rating.  Free child care will be provided to participants.

United Metropolitan Ministries
This $5,000 grant will provide financial literacy training to children in an after school program.  The intensive 2-3 week training will incorporate classroom teaching by industry professionals, and lessons will include real-life activities on budgeting and household money management.  The program will include trips to local banks as well as a concluding trip to Wall Street and the New York Financial District.

Work Family Resource Center
This $5,000 grant will provide scholarships for individuals to participate in the Developing Your Family Child Care Business (DYFCCB) training series.   Using DYFCCB curriculum, staff will work in a classroom setting and through one-on-one assistance to help participants gain an understanding of business planning, taxes, budgeting, and marketing pertaining to starting and operating a family child care home business.

Shannon Thompson, 2013 chair of the Black Philanthropy Initiative, states, “BPI is proud to announce its 2012 financial literacy grant recipients. An African-American community that is financially fit retains resources, attracts key people, and spawns innovation. BPI has gladly committed over $100,000 to community programs over the past five years.”


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