Deadline Nears to Apply for Financial Literacy Education Grant

COLUMBUS, Ohio – The deadline is approaching for organizations to apply for funding to develop financial literacy programs that benefit Ohio children and young adults.

The Ohio Department of Commerce Division of Financial Institutions is encouraging educators and financial entities to submit applications for this year’s Financial Literacy Education Grant before the April 30 deadline. The application is available HERE.

“In this rapidly evolving economy, mastering financial literacy is crucial,” said Viktoria Jurkovic, program administrator for the Office of Consumer Affairs. “Giving children and young adults the tools to manage their money isn’t something they can just memorize from a book. It’s about giving them the knowledge and tools they need to make smart choices and manage their money with confidence every single day.”

According to a 2022 Time Magazine report, over the previous decade there was a 19% decline in financial understanding among Americans, with one-third of Americans lacking an understanding of interest rates, mortgage rates and financial risk.

Ohio’s Financial Literacy Education Grant aims to provide financial support in areas of need that address gaps in financial education delivery to Ohio children and young adults. 

Organizations can apply for a portion of the $50,000 total grant to fund innovative programs during fiscal year 2025 that are dedicated to instilling financial literacy among young Ohioans age 5 to 25 through virtual and in-person training. With an average grant request of approximately $15,000, the initiative aims to ensure a broad distribution of resources to maximize educational outreach and impact.

Pictured at top: Viktoria Jurkovic, program administrator for the Office of Consumer Affairs, is seen in this image captured from video. (Ohio Department of Commerce)

Published by The Business Journal, Youngstown, Ohio.