Strengthening the Financial Literacy & Preparedness of Family Caregivers
The summary for the Strengthening the Financial Literacy & Preparedness of Family Caregivers grant is detailed below.
This summary states who is eligible for the grant, how much grant money will be awarded, current and past deadlines, Catalog of Federal Domestic Assistance (CFDA) numbers, and a sampling of similar government grants.
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Strengthening the Financial Literacy & Preparedness of Family Caregivers: Family caregivers shoulder many emotional and economic burdens in the course of delivering care to loved ones. Their role however is essential. According to a 2018 report from bipartisan policy center the majority of long-term care services and supports comes from family caregivers with estimates reporting that family caregivers have provided $470 billion in care. Additionally, the same report cites a statistic that family caregivers aged 50 and over lose approximately $304,000 in income and benefits over the duration of their care. Consequently family caregivers are especially vulnerable to experiencing the devastating economic burdens of the provision of care. As such, the development and dissemination of training and information to improve and strengthen the financial literacy of family caregivers is paramount in efforts to help them maintain their caregiving duties while concurrently helping them better understand and prepare for the potential financial impacts associated with the provision of care. The target population to be served will be all eligible family caregivers as defined in Title III E of the Older Americans Act. The objectives for this new funding opportunity include:• Advance understanding of the need for and the available interventions to improve financial literacy among family caregivers, incluidng gaps found in existing interventions, and develop a stragety for addressing these needs.• Develop and test new interventions to improve/strengthen financial literacy among family caregivers• Broadly disseminate project findings, new interventions and best practices that emerge from this project. Anticipated outcomes of this three-year project include: an improved understanding of the financial leteracy needs of family caregivers; an improved understanding of existing gaps in finanicial literacy training for family caregivers; measureable increases in the range of fianancial literacy tools and materials available to family caregivers.
Federal Grant Title: | Strengthening the Financial Literacy & Preparedness of Family Caregivers |
Federal Agency Name: | Administration for Community Living (HHS-ACL) |
Grant Categories: | Income Security and Social Services |
Type of Opportunity: | Discretionary |
Funding Opportunity Number: | HHS-2018-ACL-AOA-FLFC-0309 |
Type of Funding: | Cooperative Agreement |
CFDA Numbers: | 93.048 |
CFDA Descriptions: | Information not provided |
Current Application Deadline: | August 10th, 2018 |
Original Application Deadline: | August 10th, 2018 |
Posted Date: | June 11th, 2018 |
Creation Date: | June 11th, 2018 |
Archive Date: | September 9th, 2018 |
Total Program Funding: | $250,000 |
Maximum Federal Grant Award: | $250,000 |
Minimum Federal Grant Award: | $200,000 |
Expected Number of Awards: | 1 |
Cost Sharing or Matching: | Yes |
Last Updated: | June 11th, 2018 |
- Applicants Eligible for this Grant
- Unrestricted (i.e., open to any type of entity below), subject to any clarification in text field entitled "Additional Information on Eligibility"
- Additional Information on Eligibility
- Foreign entities are not eligible to compete for, or receive, awards made under this announcement.
- Link to Full Grant Announcement
- https://www.acl.gov/grants/applying-grants
- Grant Announcement Contact
- Vijeth Iyengar
[email protected]
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