WASHINGTON, DC, December 1, 2008 – Certified Financial Planner Board of
Standards, Inc. (CFP Board) has awarded grants totaling $199,390 to five projects
designed to help the public realize the benefits of financial planning and working with
CERTIFIED FINANCIAL PLANNER™ professionals.
The 2008 grant award recipients, and their
AccountAbility Minnesota of St. Paul, Minn. will expand the financial planning
services it makes available through volunteer CFP® professionals
to consumers who take advantage of its Volunteer Income Tax Assistance (VITA)
programs across the state of Minnesota.
Capital Area Asset Builders of Washington, DC will expand the financial planning
components of its financial education programs and provide its low- and
moderate-income constituents with access to volunteer CFP® professionals
through events and online resources.
Institute for Financial Planning Education of Castro Valley, Calif. will develop an
online system to support and expand the reach of a day-long workshop created by Dr.
Douglas Rice, CFP® that helps low- to moderate-income attendees
establish a step-by-step financial plan.
University of California, Irvine, University Extension of Irvine, Calif. will translate
its online Fundamentals of Personal Financial Planning program into Spanish, extending
the demographic reach of this introduction to the personal financial planning topics
involved in the education and examination requirements for CFP® certification. The English version of the program
was developed with the aid of a 2006 CFP Board grant and is available to the public
free of charge through the University’s Open Courseware program
University of Northern Colorado Foundation – Monfort College of Business of
Greeley, Colo. will use funding from CFP Board for an Internet-based financial planning
module in its “First Year Experience” course required of all incoming business students.
The module includes interactive tools, video, and a chat application monitored by
volunteer CFP® professionals, and the project involves faculty and
students from the University’s CFP Board-registered financial planning education
The grant awards further CFP Board’s mission to uphold the CFP® certification as the recognized standard of excellence
in personal financial planning. CFP Board provides funding to organizations that
develop innovative and sustainable programs that help people better understand the
benefits of financial planning and increase access to competent and ethical financial
“CFP Board values public education as a vital part of our goal of advancing public
awareness of the value of financial planning and the CFP® certification,”
said David G. Strege, CFP®, Chair of CFP Board’s Board
of Directors. “These organizations and their programs are reaching Americans who
might not otherwise understand the benefits of financial planning services delivered by
professionals who hold CERTIFIED FINANCIAL PLANNER™ certification.”
The grant awards were made through CFP Board’s Financial Planning Grants program,
which was introduced in 2006 and has provided grant funding totaling $1,447,262 to 33
projects across the U.S. Through the grant program, CFP Board has provided financial
support to non-profit organizations, educators and CFP® professionals
involved in a wide variety of activities, ranging from innovative uses of technology that
expand public access to financial planning to creative partnerships delivering financial
planning information and assistance through libraries, high schools, colleges and
community-based organizations. Additional information about CFP Board’s grant
program is available at www.CFP.net/grants.
In addition to providing grant funding to selected projects, CFP Board also hosts events
designed to that promote the American public’s awareness of financial planning and
the CFP® certification, including CFP Board’s Financial
Planning Clinic program, which offers consumers free, no-strings-attached
opportunities to meet one-on-one with CERTIFIED FINANCIAL PLANNER™
professionals. Recent Financial Planning Clinics in Washington, DC and Miami, FL
provided hundreds of Americans with first-hand experiences of the value of financial
planning and working with a CFP® professional. Learn more
about the Financial Planning Clinic program at www.CFP.net/clinic.
The mission of Certified Financial Planner
Board of Standards, Inc. is to benefit the public by granting the CFP® certification and upholding it as the recognized
standard of excellence for personal financial planning. The Board of Directors, in
furthering CFP Board’s mission, acts on behalf of the public, CFP® certificants and other stakeholders. CFP Board owns
the certification marks CFP®, CERTIFIED FINANCIAL
PLANNER™ and federally registered CFP (with flame design) in the U.S., which it
awards to individuals who successfully complete CFP Board's initial and ongoing
certification requirements. CFP Board currently authorizes more than 58,000
individuals to use these marks in the United States.
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CFP® - The Recognized Standard of Excellence in Personal
Chris Wloszczyna, Director of Public Relations