CFP Board Awards $199,390 in Grant Funding to Five Projects Across the us

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CFP Board Awards $199,390 in Grant Funding to Five Projects Across the us

Dec 01, 2008

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 programs, are:

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 program.

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 planning.

“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

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

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 Financial Planning

Chris Wloszczyna, Director of Public Relations
CFP Board
P: 202-379-2252

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Among clients who work with an advisor, 87% of those working with a CFP® professional are satisfied or very satisfied, compared with 72% of those who work with an advisor without certification.
Anyone can call themselves a “financial planner.” Only professionals who meet CFP Board’s rigorous standards can call themselves CERTIFIED FINANCIAL PLANNER™ professionals.
The 2013 Household Financial Planning Survey shows that those with a financial plan feel more confident and report more success managing money, savings and investments than those without a plan.
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