Citi Foundation: $25 Million Earmarked For Community Finance Innovation Fund

The Financial Health Network has found that only 30% of Americans are financially healthy, and Citi Foundation is looking for new ways to help those figures rise.

It's putting $25 million toward community finance organizations that work with low-income communities, and it's looking for ideas on everything from product and service development to human capital and talent development.

"For three decades we have invested in the growth of the nonprofit community finance sector because of the specialized role these entities play in catalyzing economic opportunity," Jennifer Tescher, president and CEO of the Financial Health Network, says in a press release.

" CDFIs are critical to the cause, and the Community Finance Innovation Fund can support them as they expand their financial health capabilities and offerings."

The deadline for proposals is Nov.

5, 2024.

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