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FY 2019 Financial Literacy Services Round 2

Grant to a Washington, DC Qualified Grantee to Provide Financial
Literacy Services to Individuals Receiving Employment Services

Agency Type:

State

Funding Source:

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District of Columbia Department of Employment Services (DOES) - Division of State Initiatives (DSI)

Conf. Date:

08/19/19

Deadline Date:

08/30/19 2:00 PM EST Receipt

Description:

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Grant to a Washington, DC qualified grantee to provide financial literacy services to customers of a District employment services program. Funding is intended to support structured, high-quality services that focus on asset building and financial literacy to 1,500 customers who are receiving employment services through the Division of State Initiatives (DSI).

The grantee shall provide services that (1) enhance financial capability skills; and (2) establish a savings account that results in the ability to make a long- term and lasting asset purchase; such as, buying a home, advancing education, or starting a small business; and/or as otherwise determined by DOES.

The grantee shall deliver financial literacy services (Monday – Friday, 8:30 am – 5:00 pm) to DOES customers via:

  1. Classroom-Based Group Financial Education Workshops – the Grantee shall be responsible for preparing materials for and delivering group financial education workshops at DOES Headquarters, AJCs, or other mutually agreed-upon locations. 
  2. One-On-One Financial Coaching Sessions - the Grantee shall be responsible for conducting one-on-one financial coaching sessions, build upon the foundation of knowledge gained during the financial workshop and help DOES customers apply what they have learned to personal finances. DOES customers and financial coaches will work collaboratively to assess the individual’s current fiscal situation, set realistic financial goals, develop a plan for achieving them and monitor progress over time.
  3. Matched Saving Program – the Grantee shall administer a 4:1 Matched Savings account for DOES participants that meet the criteria designed by DOES. The maximum amount of participant savings to be matched at a 4:1 ration is capped at $500 per DOES participant.

For details on each of these requirements, see: https://opgs.dc.gov/sites/default/files/dc/sites/opgs/publication/attachments/2019%20Financial%20Literacy%20Services%20Round%202%20RFA_%20v3.pdf#page=5

Through the delivery of financial literacy services, DSI seeks the outcomes of: (1) dramatically enhancing financial capability skills through exposure to financial literacy concepts. In addition, DSI seeks the outcome of (2) offering participants an opportunity to participate in a savings program that results in the ability to make a long- term and lasting asset purchase.

GrantWatch ID#:

GrantWatch ID#: 186617

Estimated Total Program Funding:

$210,000

Number of Grants:

DOES intends to grant at least one (1) award. DOES, however reserves the right to make additional awards or no awards pending availability of funds and quantity and quality of applications.

Estimated Size of Grant:

The total amount of funding DOES anticipates to be available for award is $210,000.

Term of Contract:

The “Financial Literacy Services” grant program will operate from the date of award through 12 months thereafter.

DOES reserves the right to exercise single option years up to three additional years beyond the original period of performance, if funding is available in the designated option year and the grantee has met the performance requirements of the grant.

Additional Eligibility Criteria:

The eligibility criteria are as follows:

- Possess at least 3 years of experience providing financial literacy services and asset-building programs;
- Provide three (3) references with contact information (name, email and telephone number) for projects similar in size and scope; and
- Possess working knowledge of HIPAA rules and regulations and other local regulations that restrict data collection.
- Must have a valid and current DC Business License

In addition, all applicants must be current on payment of all federal and District taxes, including Unemployment Insurance and Paid Family Leave taxes and Workers' Compensation premiums. Applicants cannot be listed on any federal or local excluded parties’ lists.

For the purpose of this RFA, all applicants must currently hold office space in the District of Columbia and be able to provide program services in the District of Columbia. Each applicant must provide legal proof of ownership or occupancy of the site that will be used to host events.

Pre-proposal Conference:

Pre-Application Meeting
Location: 4058 Minnesota Avenue, NE, Washington, DC 20019
Room: 5201
Date & Time: August 19th, at 1:00pm

Please email the funding source if you will be attending the meeting.

Pre-Application Information:

In order to be considered for funding, complete applications and attachments (see section I) must be received electronically no later than August 30th by 2:00 pm. EST. Applications received after 2:00 p.m. EST on August 30th will not be considered for funding.

Contact Information:

Before starting your grant application, please review the funding source's website listed below for updates/changes/addendums/conferences/LOIs.

Submit applications electronically to:

Anthony Gamblin
OGAGrants@dc.gov

Funding or Pin Number:

RFA No.: DOES-FLSR2-2019

URL for Full Text (RFP):

Geographic Focus:

USA: Washington, DC