Delaware Financial Literacy Institute (DFLI) is a 501 (c)(3) non-profit organization whose mission is to help individuals, especially those of low to moderate income, become equipped with the tools to get their financial lives in order so that they can become self-sufficient and enjoy financial well-being over time.
The Money School, the "signature program" of DFLI, provides more than 650 free financial and business start-up classes and events across the state each year. Class topics range from simple budgeting, reducing debt, and saving on a shoestring to avoiding probate, foreclosure prevention, social security benefits, and making college affordable. Hassle-free, sales-free classes are taught by volunteers from the non-profit, financial, and government sectors.
A partnership with Delaware Libraries helps make The Money School "a community of learners in a school without walls." The Money School provides financial education to at-risk populations in 2 Delaware prisons and at community centers. Online classes and webinars are also offered.
DFLI offers 24/7 online and toll-free registration (877-307-6858) and a toll-free hotline (877-246-2026) which reaches certified credit counselors and coaches. Community and civic organizations and work sites can make special requests for classes at their locations.
Other programs include:
* Bank At School with 80 real banks opening weekly on school sites. The Bank At School program was cited as one of 3 models by the CFPB.
* Center for Business Growth, a micro business incubator providing not only dedicated work space, but also training and mentoring to Center "tenants" and the community.
* Chasing the Dream provides youth with the opportunity to develop entrepreneurial skills, taking the risks and responsibilities of opening their own businesses at a community Market Day.
DFLI received the State of Delaware Library Partnership Award. The Money School (2013) and Bank At School (2014) received Excellence in Financial Literacy Education (EIFLE) awards. DFLI also received the Bank of America Neighborhood Excellence Award.
Major funding is provided by banks under CRA requirements; additional funding is provided through a Delaware grant in aid and FLEF funding as well as contributions from individual donors.
Check out DFLI.org for programming and registration information.
Claymont, DE 19703