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Philadelphia's Financial Empowerment Centers are generously supported by Bloomberg Philanthropies and Living Cities’ Cities for Financial Empowerment (CFE) Fund.
In the News
The Cities for Financial Empowerment (CFE) Fund recently announced Financial Empowerment Center grants to five cities to replicate New York City’s evidence-based Financial Empowerment Center model: Denver, Colorado; Lansing, Michigan; Nashville, Tennessee
Mar 04, 2013
OFE launched its flagship program, the Financial Empowerment Center initiative,in 2008, after research found that many New Yorkers had never received formal education on money, and needed more structured, personalized counseling than was generally available.
Read the full press release.
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Bloomberg Philathirophies and Living Cities CFE Fund Awards Philadelphia Financial Empowerment Centers Grant
Jan 10, 2013
Bllomberg Philanthirophies and Living Cities CFE Fund Awards Philadelphia financial Empwerment Center Grant.
Read the full press release.
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Financial Empowerment: Spreading throughout the Nation—and within CUSSW!
Jan 10, 2013
The Cities for Financial Empowerment (CFE) Fund recently announced Financial Empowerment Center grants to five cities to replicate New York City’s evidence-based Financial Empowerment Center model: Denver, Colorado; Lansing, Michigan; Nashville, Tennessee; Philadelphia, Pennsylvania; and San Antonio, Texas.
Read the full press release.
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And Now, Today’s GOOD NEWS: Bloomberg Gives Grant To Fund Financial Empowerment Center
Jan 09, 2013
According to the Philadelphia Business Journal, “the Bloomberg Philanthropies will give $3.3 million to Philadelphia to offer financial counseling for low-income residents.” In a move that will undoubtedly get Fast Eddie’s attention, the grant will go towards funding a Financial Empowerment Center, much like the ones in New York City, which Mayor Michael Bloomberg said he hopes will “create measurable change for low-income residents in Philadelphia.”
Read the full press release.
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Bloomberg Philanthropies, Living Cities Award $16.2 Million to Five Cities
Jan 09, 2013
Bloomberg Philanthropies and Living Cities, a collaborative of twenty-two of the world's largest foundations and financial institutions, have announced grants totaling $16.2 million to five cities in support of efforts to replicate New York City's Financial Empowerment Center model.
Read the full press release.
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Financial Empowerment
Jan 09, 2013
Philadelphia, PA – Bloomberg Philanthropies and Living Cities’ Cities for Financial Empowerment (CFE) Fund today announced that it has awarded Philadelphia with a grant to replicate New York City’s evidence-based Financial Empowerment Center model. Philadelphia is one of five U.S. cities to be awarded a grant, which will enable the City to deliver free, one-on-one financial counseling by trained professionals to low-income residents by integrating counseling into the delivery of municipal services.
Read the full press release here.
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Philadelphia Financial Empowerment Centers Clips Regarding the Program- Day One of Announcement and Beyond
Jan 08, 2013
Bloomberg Philanthrohies and Living Cities CFE Fund Awards Philadelphia Financial Empowerment Center Grant to Reach 9,000.
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Bloomberg Philanthropies and Living Cities’ CFE Fund Announce Five Cities Selected for $16.2M In Financial Empowerment Center Grants
Jan 08, 2013
Bloomberg Philanthropies - Bloomberg Philanthropies and Living Cities’ Cities for Financial Empowerment (CFE) Fund today announced Financial Empowerment Center grants to five cities to replicate New York City’s evidence-based Financial Empowerment Center model.
Read the full press release.
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Free financial planning counselors will serve low-income Philadelphians
Jan 08, 2013
Alex Wigglesworth  - What began five years ago as a New York City-based pilot program aimed at alleviating poverty will now be expanded to Philadelphia and four other cities with the award of a $3.3 million grant from Bloomberg Philanthropies through the Living Cities' Cities for Financial Empowerment Fund, the city announced yesterday.
Read the full press release.
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Philadelphia and Clarifi Awarded Grant from Living Cities' CFE Fund
Jan 08, 2013
Bloomberg Philanthropies and Living Cities’ Cities for Financial Empowerment (CFE) Fund today announced that it has awarded Philadelphia and Clarifi with a grant to replicate New York City’s evidence-based Financial Empowerment Center model. Philadelphia is one of five U.S. cities to be awarded a grant, which will enable the City to deliver free, one-on-one financial counseling by trained professionals to low-income residents by integrating counseling into the delivery of municipal services.
Read the full press release.
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Bloomberg putting a Financial Empowerment Center in Phila
Jan 08, 2013
Peter VanAllen  - “We hope through this grant that the effective Financial Empowerment Center model will create measurable change for low-income residents in Philadelphia,” said New York mayor and philanthropist Michael R. Bloomberg.
Read the full press release.
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Bloomberg gives Philly $3M to help borrowers, savers
Jan 08, 2013
Bloomberg Philanthropies, a charity funded by New York Mayor and billionaire financial data mogul Michael Bloomberg, and Living Cities' Cities for Financial Empowement Fund, funded by a coalition of charities, said today they will give $3.3 million to Philadelphia, over the next three years, to staff and equip "Financial Empowerment Centers" at the Municipal Services Building, El Congreso de Latinos Unidos, Peoples' Emergency Center, the Welcoming Center for New Pennsylvanians, Community College of Philadelphia, and Community Legal Services at Broad and Erie.
Read the full press release.
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Bloomberg to donate $16.2 million to five cities for financial planning help
Jan 08, 2013
January 8, 2013 - Mayor Michael Bloomberg plans to donate $16.2 million to five cities to help their residents learn how to manage money better, he said on MSNBC's "Morning Joe" Tuesday.
Bloomberg Philanthropies and Living Cities' Cities for Financial Empowerment (CFE) Fund will give the grants to replicate New York City's 2008 program that gives free one-on-one financial counseling to low-income residents.
The investment will fund programs in Denver; Lansing, Mil; Nashville.; Philadelphia, and San Antonio. The Financial Empowerment Centers will open in March and are expected to help 30,000 people over the next three years. "The innovative financial empowerment initiatives we pioneered here in New York City have been an important part of our work to help New Yorkers weather the national economic downturn," Bloomberg said in a statement. "We know that mayors are increasingly seeking strategies that will help their residents achieve long-term financial stability."
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