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. Verify the accuracy of the data FederalGrants.com provides by visiting the webpage noted in the Link to Full Announcement section or by contacting the appropriate person listed as the Grant Announcement Contact. If any section is incomplete, please visit the website for the Administration for Community Living, which is the U.S. government agency offering this grant.
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
vijeth.iyengar@acl.hhs.gov

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