Financial Literacy Innovation Grant
The Wisconsin Department of Financial Institutions (DFI), along with the Governor’s Council on Financial Literacy and Capability has created the Financial Literacy Innovation grant for the purpose of promoting innovation in the teaching of personal financial literacy (PFL) in the classroom.
In those years when grants are available, funding for the program is provided by DFI through settlement dollars designated for financial literacy education. The DFI makes these monies available to school districts statewide through the DPI in the form of the Financial Literacy Innovation grants. These grants make available a maximum of $10,000 per school through a competitive grant program to public and private schools, partnering with communities, to support the implementation of the Wisconsin Model Academic Standards for Personal Financial Literacy in order to improve financial literacy among youth.
Specifically, the focus of the grant is on college and career readiness as part of:
- Innovative programs;
- A graduation requirement; or
- The establishment of a financial institution on school premises.
The grant will not be available in the 2020-21 school year. Grants were most recently awarded in 2020. The press release provides more information.