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Thursday, April 22, 2010

FINRA Investor Education Foundation and United Way Worldwide Announce Nearly $1.5 Million in Grants to Support Grassroots Financial Education Projects

Washington, DC — The Financial Industry Regulatory Authority (FINRA) Investor Education Foundation and United Way Worldwide (UWW) have announced nearly $1.5 million in grants to 12 recipients to extend the reach of community-based financial education programs across the country.

The grants were awarded by the FINRA Foundation as part of a new program, Financial Education in Your Community, which is administered jointly with United Way Worldwide.

In 2008, United Way focused its strategic leadership efforts on impacting the well-being of the nation's communities and announced an ambitious 10-year goal of cutting by half the number of lower-income families that lack financial stability. "We are proud to partner with United Way to expand the ability of community-based organizations to provide unbiased financial education resources and innovative programs for hardworking individuals and families," said FINRA Foundation President John Gannon. "Community groups have a unique opportunity to reach their neighbors with the information they need to make sound financial decisions that help them save and grow long-term assets."

One- and two-year grants were competitively awarded to local United Ways and other non-profit community groups that will undertake creative projects to help identify best practices for providing working individuals and families with the information they need to take action toward increasing their financial stability. The projects leverage strategic partnerships and successful existing programs, and target a diverse group of clients from areas of the country that have been hit hard by the economy.

"United Way is committed to helping working individuals and families overcome the financial hardships caused by today's difficult economic conditions," said Brian Gallagher, President and CEO of United Way Worldwide. "We are pleased to partner with the FINRA Investor Education Foundation to bring critical financial education resources to underserved communities and help families start down the path toward financial independence."

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