The Foundation for Financial Planning has more than $100,000 in grants available to help provide pro bono financial planning to underserved populations, the foundation announced Monday.
Chapters of the Financial Planning Association, regions of the National Association of Personal Financial Advisors and other local financial planning organizations will have the opportunity to apply for grants totaling $118,750 to support their delivery of pro bono financial planning to underserved adults.
“This initiative’s goal is to help energize pro bono financial planning efforts with one-on-one pro bono financial planning opportunities for underserved populations,” said James A. Peniston, executive director of the Foundation for Financial Planning, in a statement.
The Foundation for Financial Planning, an organization solely devoted to supporting the delivery of pro bono financial planning, has provided more than $5.5 million in grants to support pro bono financial planning advice to more than 320,000 underserved individuals.
“While the grant funding is important, we realize the work cannot be done without the tireless dedication of volunteer financial advisors and planners," said FFP Chairwoman Elissa Buie. "Our volunteers are the connectors to the underserved and are essential in helping the foundation meet its mission to help people take control of their financial lives by connecting the financial planning community with people in need.”
The Foundation for Financial Planning, based in the Atlanta area, has served as the financial planning profession’s foundation since 1981, when it was known as the IAFP Foundation. It was created by the International Association of Financial Planners prior to its merger with the Institute of Certified Financial Planners in 2000 to form the FPA. The foundation is a 501(c)(3) nonprofit charitable organization.
In April 2013, the FPA and the Foundation for Financial Planning announced a partnership that would outsource the FPA’s pro bono outreach activities entirely to the foundation.
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