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Also known as: FINANCIAL EDUCATION
National Endowment For Financial Education is a private corporation based in DENVER, CO. The foundation received its IRS ruling in 2022. It holds total assets of $149.5M. Annual income is reported at $15.8M. Research, Grant Funding & Educational Resources: Funding is provided for research with the potential to contribute to the financial education field and seeks to improve the public's financial well-being. NEFE has five research studies ongoing and has funded 37 research projects since 2006. NEFE does not fund projects that have commercial or proprietary elements or are related to the pilot, development, execution, evaluation, expansion or administration of specific programs, courses or curricula. In 2021, NEFE retired the High School Financial Planning Program and Smart About Money, and transferred ownership of CashCourse to the Higher Education Financial Wellness Alliance. For two years, NEFE will remain a consultant and provide grant funding totaling $334,000 for administrative costs to maintain the platform. According to available records, National Endowment For Financial Education has made 27 grants totaling $1.8M, with a median grant of $33K. Annual giving has grown from $417K in 2021 to $591K in 2023. Grantmaking activity was highest in 2022 with $816K distributed across 12 grants. Individual grants have ranged from $2K to $234K, with an average award of $68K. The foundation has supported 23 unique organizations. The foundation primarily supports organizations in Michigan, California, Massachusetts, which account for 19% of all grants. Grantmaking reaches organizations across 16 states. Contributions to this foundation are tax-deductible.
Research and Programs: Funding is provided for research that has the potential to make a profound contribution to the field of financial education and seeks to improve the public's financial well-being. NEFE provides programs and resources to facilitate financial education in schools and communities, and helps educators evaluate learning success. In 2020, NEFE continued access to the High School Financial Planning Program (HSFPP) for high school teachers and students; the CashCourse program for college audiences; and Smart About Money for adult learners. The NEFE Financial Education Evaluation Toolkit helps educators evaluate program effectiveness. NEFE educational resources had more than 1.1 million online users/visitors in 2020.
Expenses: $3.7M
External Affairs: Our diverse range of partnerships span social services, education and media organizations. In the last year, NEFE had nearly 40 active partnerships. For example, NEFE provided support to 100 people of color who sought Accredited Financial Counselor certification through the Association for Financial Counseling and Planning Education. Additionally, to advance the research agenda and theory of change in the field of financial education, NEFE funds think tanks and forums to advance dialogue and raise awareness. NEFE is partnering with Council for Economic Education to host a series of 5 financial education policy convenings that were produced through collaboration in 2020 and will take place in 2021. These invitation-only events will provide state policymakers with a neutral forum in which to discuss opportunities, technicalities and challenges of considering statewide financial education policy and programming.
Expenses: $2M
Research, Grant Funding & Educational Resources: Funding is provided for research with the potential to contribute to the financial education field and seeks to improve the public's financial well-being. NEFE has five research studies ongoing and has funded 37 research projects since 2006. NEFE does not fund projects that have commercial or proprietary elements or are related to the pilot, development, execution, evaluation, expansion or administration of specific programs, courses or curricula. In 2021, NEFE retired the High School Financial Planning Program and Smart About Money, and transferred ownership of CashCourse to the Higher Education Financial Wellness Alliance. For two years, NEFE will remain a consultant and provide grant funding totaling $334,000 for administrative costs to maintain the platform. Based on available records, the foundation has funded 27 grants. Its grantmaking reaches organizations primarily in MI, CA, MA.
National Endowment For Financial Education has distributed a total of $1.8M across 27 grants. The median grant size is $33K, with an average of $68K. Individual grants have ranged from $2K to $234K.
The application deadline is First Tuesday in December and the first Tuesday in June.. Through support of rigorous research, NEFE identifies knowledge gaps and seeks evidence of what works in the field to prove the effectiveness of financial education and lay the groundwork for greater future impact. Funding is provided for research that has the potential to make a profound contribution to the field of financial education and seeks to improve the public's financial well-being. NEFE funds projects that: Are based on original research questions that necessitate rigorous, empirical analysis; Generate new data or utilize existing datasets; Involve the direct study of U.S. households and individuals and trends related to them; Investigate direct impacts of financial education or propose research that results in findings impactful to the field. NEFE does not fund projects that: Have commercial or proprietary elements; Are related to the pilot, development, execution, evaluation, expansion or administration of programs, courses or curricula.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Billy Hensley | PRES. & CEO | $465K | $24K | $489K |
| Joanne Flores Moses | TREAS. & CFO | $295K | $55K | $350K |
| Brian Ford | SEC. & COS | $156K | $13K | $169K |
| Margaret Libby | MEMBER | $0 | $0 | $0 |
| Colleen Walker | MEMBER | $0 | $0 | $0 |
Total Giving
$10.1M
Total Assets
$144.9M
Fair Market Value
$187.5M
Net Worth
$144.9M
Grants Paid
$591K
Contributions
$67K
Net Investment Income
$7.6M
Distribution Amount
$0
Total: $35.4M
Total Grants
27
Total Giving
$1.8M
Average Grant
$68K
Median Grant
$33K
Unique Recipients
23
Most Common Grant
$5K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| St Louis UniversityRESEARCH GRANT | St Louis, MO | $177K | 2023 |
| The Rand CorporationRESEARCH GRANT | Santa Monica, CA | $110K | 2023 |
| Montana State UniversityRESEARCH GRANT | Bozeman, MT | $109K | 2023 |
| The Urban InstituteRESEARCH GRANT | Washington, DC | $90K | 2023 |
| University Of TennesseeRESEARCH GRANT | Knoxville, TN | $51K | 2023 |
BRAINTREE, MA
CHICAGO, IL
NORTH KINGSTOWN, RI
WASHINGTON, DC
National Endowment For Financial Education is headquartered in DENVER, CO. While based in CO, the foundation distributes grants to organizations across 16 states.
| Dionne Blue Phd |
| MEMBER |
| $0 |
| $0 |
| $0 |
| Jason Young | VICE CHAIR | $0 | $0 | $0 |
| Rachelle Feldman | MEMBER | $0 | $0 | $0 |
| Loretta Sanchez | MEMBER | $0 | $0 | $0 |
| Megan Gorman | MEMBER | $0 | $0 | $0 |
| Kevin Plummer | MEMBER | $0 | $0 | $0 |
| Helen Norris | MEMBER | $0 | $0 | $0 |
| Connie Weaver | MEMBER | $0 | $0 | $0 |
| Rick Ketchum | CHAIR | $0 | $0 | $0 |
| Bob Lewis | MEMBER | $0 | $0 | $0 |
| Manisha Thakor | MEMBER | $0 | $0 | $0 |
| Christine Lovely | MEMBER | $0 | $0 | $0 |
| Jourdan Jones | MEMBER | $0 | $0 | $0 |
| Robin Nunn | MEMBER | $0 | $0 | $0 |
| The University Of AlabamaRESEARCH GRANT |
| Tuscaloosa, AL |
| $31K |
| 2023 |
| Texas Tech UniversityRESEARCH GRANT | Lubbock, TX | $22K | 2023 |
| Indiana University OfficeCASHCOURSE OPERATIONS | Detroit, MI | $234K | 2022 |
| Boston CollegeRESEARCH GRANT | Chesnut Hill, MA | $185K | 2022 |
| Texas Tech University SysRESEARCH GRANT | Lubbock, TX | $69K | 2022 |
| Yingying ZengDATABASE USE GRANT | Denver, CO | $5K | 2022 |
| Jack Bernhard KrogerDATABASE USE GRANT | Denver, CO | $5K | 2022 |
| Jeffrey Anvari-ClarkDATABASE USE GRANT | Grand Forks, ND | $5K | 2022 |
| Lena GanDATABASE USE GRANT | Denver, CO | $5K | 2022 |
| Lu FanDATABASE USE GRANT | Denver, CO | $5K | 2022 |
| Thomas KorankyeDATABASE USE GRANT | Denver, CO | $5K | 2022 |
| The University Of ArizonaResearch grant | Tuscon, AZ | $101K | 2021 |
| AfcpePhilanthropic grant | Westerville, OH | $100K | 2021 |
| Indiana University Office Of The TreasuryCash Course donation | Detroit, MI | $100K | 2021 |
| Stevens Institutes Of TechnologyResearch grant | Hoboken, NJ | $31K | 2021 |
| KnologyResearch grant | New York, NY | $30K | 2021 |
| Texas Tech University SystemResearch grant | Lubbock, TX | $20K | 2021 |
| Hayes Lewis Elementary SchoolPhilanthropic grant | Yeaddiss, KY | $2K | 2021 |
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