Press Releases


For Immediate Release
June 05, 2006 Contact: Charles Evenson
608:266-2026

Financial Literacy Grants Up to $5,000 Available to Educators

(Madison) Governor Doyle and the Department of Financial Institutions (DFI) today announced that Wisconsin educators are eligible to apply for one-time grants ranging from $500 to $5,000 to help implement new Wisconsin Model Academic Standards for Personal Financial Literacy.

“These funds give teachers the chance to try innovative ideas and implement new programs and events that can help students improve their financial literacy,” Governor Doyle said. “Giving students good, solid financial knowledge and resources will ensure their future success—and the future success of our state—and I encourage all educators to apply for this funding.”

The Governor’s Council on Financial Literacy, created last year by Governor Doyle to provide suggestions on how best to improve financial literacy in Wisconsin, along with DFI created the fund that will provide the grants. The funds present an opportunity to help teachers bring new and creative programs and events into the classrooms of Wisconsin schools to enhance the teaching and learning of financial topics. Grant applicants are encouraged to look for matching funds from local financial institutions.

The Model Academic Standards for Personal Financial Literacy were developed by a task force appointed earlier this year by State Superintendent Elizabeth Burmaster. Funding for the task force in the amount of $50,000 was provided by the CBM Credit Education Foundation, Inc. of Madison and administrative support for it was provided by DFI. Several members of the Governor’s Council on Financial Literacy also served on the DPI task force including DFI Cabinet Secretary Lorrie Keating Heinemann and CBM Credit Education Foundation President William Wilcox who serve as Chair and Vice Chair of the Governor’s Council.

The Council’s newest initiative is Money Smart Week Wisconsin, a social awareness campaign aimed at improving the financial literacy of Wisconsinites. Governor Doyle issued a proclamation kicking-off the campaign during the week of October 2-7. Money Smart Week Wisconsin is modeled after similar campaigns run by the Federal Reserve Bank of Chicago in the cities of Chicago and Detroit, but Wisconsin’s is the first-ever program to target an entire state. The Federal Reserve Banks of both Chicago and Minneapolis are supporting Wisconsin’s effort. It is hoped that the financial literacy grants provide some programs and events that become part of the Money Smart campaign.

The funds will be awarded directly to teachers through the Department of Public Instruction. The deadline for application is June 23, 2006.

Educators may apply online for the financial literacy grants by going to: dpi.wi.gov/forms/doc/f9550-l.doc

For more information about the grants or the Money Smart Week Wisconsin campaign, contact David Mancl, Director of DFI’s Office of Financial Literacy at 608-261-9540 or email him at david.mancl@dfi.state.wi.us