The District of Columbia Child and Family Services Agency is seeking applications for grant funding to develop and implement a Market Matched Savings Program for youth in foster care in the District of Columbia.
Donor Name: District of Columbia Child and Family Services Agency
State: District of Columbia
County: All Counties
Type of Grant: Grant
Deadline: 10/14/2024
Size of the Grant: $100,000 to $500,000
Grant Duration: 1 Year
Details:
The proposed program will assist with youth’s transition to independence by creating opportunities to increase knowledge of finances as well as their savings and wealth. The program will work with youth in foster care between the ages of 15-21. The goal of the program is to provide money management training that covers credit, asset building, and budgeting that will ultimately assist youth who are transitioning to independence and adulthood.
Funding Information
The total amount available for funding shall not exceed $150,000 in the first year (Fiscal Year 2025). CFSA intends to award up to one (1) grant for the program. CFSA reserves the right to assign the amount of individual awards.
Grant Period
The term of the grant shall be for a period of one year from date of award, subject to the appropriation of funds.
Uses of funds
Grant funds shall only be used to support activities as outlined in this RFA and may not be used for direct financial assistance to clients and their families. Funds shall support specific program related activities for up to twelve (12) months, including costs associated with:
- Staff training and certification in model being proposed
- Dedicated staff who will be administering the program four days per week during normal business hours with the flexibility to amend schedule to meet clients’ needs.
- Evaluation of program activities for up to 10% of the project budget.
Eligibility Criteria
- Governmental organizations are not eligible to apply for funding.
- Applications will be accepted only from non-profit entities, which are experienced in managing IDA accounts; many of whom are Asset for Independence (AFI) grantees through the Administration on Children and Families (ACF); and which have demonstrated abilities to meet the needs identified in this RFA, and who are able to commit to implementing the program measures over the grant period.
- Successful applicants shall demonstrate experience with the target population. Successful applicants shall also provide services in accordance with all existing federal and District of Columbia laws, rules, and regulations, and consistent with policies, procedures and standards promulgated by the Child and Family Services Agency.
For more information, visit District of Columbia Child and Family Services Agency.
