The Carmel Clay Public Library and Foundation have received a grant from the Financial Industry Regulatory Authority (FINRA) Investor Education Foundation and the American Library Association (ALA) as part of the Smart investing@your library initiative. Carmel was one of 20 libraries nationwide to be awarded a grant. This year’s recipients received a total of $1.4 million to fund either one or two year projects. The Carmel Library’s grant amount is $84,600 over two years.
Smart investing@your library is administered jointly by the Reference and User Services Association, a division of ALA, and the FINRA Investor Education Foundation. The program funds library efforts to provide patrons with effective, unbiased financial education resources. Now in its fourth year, the program has awarded a total of more than $4.6 million to public libraries and library networks nationwide.
The Carmel Library’s program is titled Money: From A to Z, and will be targeted to children, young adults and adults (including senior citizens). Specific programs relevant to each age group will be presented at the library and other locations in the community. The library will collaborate with a variety of nonprofit, civic and education partners to maximize the program’s impact and reach, which will include all of Hamilton County.
“Financial literacy is more important than ever with our current economic climate and uncertainty about the future,” stated Wendy Phillips, library director. “This grant will enable the library to provide the community with useful tools and strategies for both near and long term money management, goal setting, investing, budgeting and much more.”
Key components of the Carmel Library program will be: creation of a financial literacy website, online tutorials, a video to orient viewers to the library’s financial literacy tools, a speaker series, investment clubs for young people, and expansion of the library’s print and online financial information resources. Librarians will receive training in the use of these financial tools.
The FINRA Investor Education Foundation supports innovative research and educational projects that give Americans the knowledge, skills and tools necessary for financial success throughout life. For details about grant programs and other FINRA Foundation initiatives, visit www.finrafoundation.org.
FINRA, the Financial Industry Regulatory Authority, is the largest non-governmental regulator for all securities firms doing business in the United States. FINRA is dedicated to investor protection and market integrity through effective and efficient regulation. FINRA registers and educates industry participants, examines securities firms, writes and enforces rules and federal securities laws, educates the investing public and provides trade reporting and other industry utilities. FINRA also administers the largest dispute resolution forum for investors and registered firms. For more information, visit www.finra.org.
The Reference and User Services Association, a division of the American Library Association, is the foremost organization of reference and information professionals who make the connections between people and the information sources, services and collection materials they need. Established in 1876, the American Library Association is the oldest and largest library association in the world. It strives to provide leadership for the development, promotion and improvement of library and information services and the profession of librarianship in order to enhance learning and ensure access to information for all. For more information, visit www.ala.org.