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Home My WebLink AboutEmail - Award NotificationPorro, William From: Algaze, Patricia S <patricia.s.algaze@citi.com> Sent: Wednesday, March 13, 2013 11:42 AM To: Porro, William; Barrett, Almartha Subject: $150,000 Citi Foundation Grant Award Notification: Financial Empowerment Center Coaching Program Follow Up Flag: Flag Status: Follow up Flagged Sorry for the earlier duplicate message. This award notice, combined with the completed grant application, contains all of the terms and conditions between the Citi Foundation and the City of Miami. Next Steps: 1. As you said in previous messages, you will now need to draft a resolution for legal review and have the Commission accept the funds. Are you able to get this on the April agenda? 2. The program start date is April 1. Do we need to alter the start date, or will the Commission accept a retroactive date? 3. Please let me know who the media contact would be so that our communications team may coordinate PR in accordance with you timeline. Again, congratulations on the award. I look forward to working with you to amplify your success! Best Regards, Patricia Original Message From: Citi Foundation Support Sent: Wednesday, March 13, 2013 08:29 AM To:'Iblondet@miamigov.com' <Iblondet@miamigov.com> Cc: Algaze, Patricia S [NAM-CRj;'JLarned@miamigov.com' <JLarned@miamigov.com> Subject: $150,000 Citi Foundation Grant Award Notification: Financial Empowerment Center Coaching Program Dear Ms. Blondet: The Citi Foundation is pleased to award $150,000 to City of Miami in support of the Financial Empowerment Center Coaching Program. We value the important work your organization is doing and are pleased to be able to partner with you in these efforts. The Citi Foundation declines any tangible benefits City of Miami might decide to give Citi or the Citi Foundation as a result of this grant. By accepting this payment, you confirm that no portion of the funding from the Citi Foundation will be used for political or lobbying purposes, including without limitation, independent expenditures. The payment has been deposited into the City of Miami account as provided in the application. If you have not received the payment in your account within the next two business days please contact us at foundationsupoort@citi.com. In order to ensure proper management of this grant, the following are terms and conditions with which you must comply: 1 Reporting Requirements The Citi Foundation requires all grant recipients to submit online reports in order for us to better assess the progress and results achieved by each grant. Deadlines These online reports must be completed and submitted on time so that the Citi Foundation can work with you to evaluate the program and ensure that you will reach your results. Failure to submit satisfactory reports in a timely manner could result in the suspension or termination of this grant and could affect future funding decisions. Interim Report September 30, 2013 Final Report April 30, 2014 Accessing your report The reports will be available on your Citi Foundation account home page, which you can access by logging in at www.GrantRequest.com/SID 584. You will also receive an e-mail reminder that the report is available for you to complete two weeks before the report deadline. Using our Logo Please contact us at foundationsupport@citi.com if you anticipate requesting the use of the Citi and/or Citi Foundation logos, as the approval process may take up to four weeks. If applicable, please ensure that acknowledgement of our grant funding credits the Citi Foundation. Grant Modifications The Citi Foundation requires that you work with your Citi Contact throughout the grant period. In the case that there are any extenuating circumstances that require modifications to your original submission, you must discuss the proposed changes with your Citi Contact and receive approval from the Citi Foundation before any changes are implemented. We look forward to seeing the results you achieve through this program and wish you success in your endeavors. Sincerely, Sarah Lamothe, Grants Manager re: 20130056 2 Dear Grantseeker, Thank you for your submission. For your records, here is a copy of the contents of your application. If the contents of your application do not appear below, please contact FoundationSupport(a�citi.com immediately. Please note that no changes can be made to your application now that it has been submitted. Please note that the e-mail address and password you use for this account will be what you use to access submitted applications, pending interim/final reports, and submitted reports. Please make sure to share this information with any additional individuals at your organization who may need access to the account. Sincerely, Citi Foundation 34307 2013 Citi Foundation Direct Service Application Form (non-501(c)(3)) Your Organization Submission Information Please note that you are required to submit a draft of your application to the Citi Foundation for review before you are authorized to officially submit your application for funding consideration. Once you .: complete the application and upload the required documentation, please use the' E mail Draft for Preview" button and send a draft of your_fullapplication to the Citi Foundation at CCDGrants(a citi.com. Please note that all draft applications must be received by the Citi Foundation, no later than November 19, 2012. The Citi Foundation will review your draft application and documentation and will contact you directly if additional information is required before: you are. authorized to submit your final application THE DEADLINE FOR DRAFT SUBMISSIONS IS NOVEMBER 19, 2012 AT LOCAL COB THE DEADLINE FOR OFFICIAL SUBMISSIONS IS JANUARY 18. 2013 AT LOCAL COB. Organization's General Information Organization Name City of Miami Organization Legal Name (The name that appears on your IRS determination letter) City of Miami Acronyms, DBA or other names by which organization is known N/A Mailing Address 444 SW 2nd Ave, 5th Floor State FL Postal Code 33130 Country United States Website http://www.miamiciov.com/home/ What is your organization's current mission? Guidance: Describe the overall focus and objective of your organization. If the mission includes serving low- to moderate -income individuals or communities, please include this information in your response. The City of Miami's mission is to facilitate a comprehensive and coordinated effort to affect and improve the self-sufficiency and financial empowerment of its low/moderate income working families and business entrepreneurs. Through intentional efforts, ACCESS Miami (Assets, Capital, Community, Education, Savings, and Success), a strategy of four focused areas, was created: access to existing benefits, access to capital, building wealth and accumulating assets, and improving financial literacy. It is a citywide, comprehensive and intentional empowerment strategy aimed at increasing low and moderate income working families and low income small business owners' access to the financial tools and education that are fundamental to economic prosperity and success. The ACCESS model aspires to equip the entire City of Miami community with the wealth -building tools necessary for economic self-sufficiency. Is your organization a certified Community Development Financial Institution (CDFI)? Guidance: To qualify as a CDFI, your organization must be certified by the Community Development Financial Institutions Fund of the United States Department of the Treasury. No Board of Directors and Organization's Senior Staff List Guidance: This attachment is REQUIRED upon submission for your application to be processed. Please download and complete the template in its required format by clicking the link below and saving the document on your computer. You can attach the completed document by clicking the "Browse" button to locate the saved document on your computer and then clicking the "Upload" button to attach document to your application. Click here to download REQUIRED template Board of Directors.xls Primary Contact Prefix Ms. First Name Lillian Last Name Blondet Title Director of Grants Administration E-mail Iblondet(a�miamicov.com Direct Phone 305-416-1536 Financial Officer Prefix Ms. First Name Janice Last Name Larned Title Chief Financial Officer E-mail JLarned(c�miamigov.com Direct Phone 305)416-1011 Financial information If a grant to your organization is approved, the funds will be sent via ACH electronic payment (not wire transfer). Please provide your bank, account information for ACH electronic payments below You are required to attach either a copy of a voided check or a letter from your bank confirming the account and routing numbers. The Citi Foundation will use this to validate the information that you provide below. If the document that you attach (the voided check or bank letter) does not validate the information below, the Citi Foundation will contact you for clarification. Bank Name Wells Fargo Bank Bank Code/Routing Transit Number/ABA # for ACH Electronic Payments This is a NUMBER field only. Please include all 9-Digits including leading zeros. The Citi Foundation transfers funds via ACH electronic payment, so please make certain to confirm that the number you provide here is for ACH electronic payments and not wire transfers. The Citi Foundation requires you to attach a copy of your organization's voided check or a letter from your bank confirming your organization's bank account information. The bank account number you provide below must match against the documentation you attach below. 063000021 Bank Account Number This is a NUMBER field only. Please include all digits including leading zeros. The Citi Foundation requires you to attach a copy of your organization's voided check or a letter from your bank confirming your organization's bank account information. The bank account number you provide below must match against the documentation you attach below. 2696204833948 Copy of Cancelled Check or Bank Letter for Verification of Depository Account Guidance: Please scan a copy of a voided check from your organization's checking account or a bank verification letter confirming your depository account information. The account name that appears on the document should be your organization's legal name and the routing and account numbers on the check should verify the information you provided above. This attachment is REQUIRED upon submission for your application to be processed. You can attach the document by clicking the "Browse" button to locate the saved document on your computer and then clicking the "Upload" button to attach document to your application. Bank Information.pdf By checking this box, I verify that the above bank account information is for the applying organization, and that the information provided is correct. I understand that providing the bank account information for the applying organization does not constitute an offer, promise or guarantee of funding from the Citi Foundation, Citigroup Inc., or any of its subsidiaries If a grant is awarded and funds from the Citi Foundation are deposited into the applying organization's bank account, I verify that the funds will only be used for charitable purposes as described within this online application. Yes Annual Operating Budget What is your organization's total annual operating budget for the current year? (Whole numbers only. Include commas.) $469,797,554 For what year is your most recent, completed audit? This audit should have been completed in at least 2011 and should be the audit attached to this request. 2011 What were reported revenues as it appears in the attached audited financials? Whole numbers only. Include commas. 676,255,525 What were reported expenses as it appears in the attached audited financials? Whole numbers only. Include commas. 763,191,492 What were net assets (or equity) for your organization as it appears in the attached audited financials? Whole numbers only. Include commas. 447,843,412 What were liabilities for your organization as it appears in the attached audited financials? Whole numbers only. Include commas. 1,241,334,514 If yourorgam7ation has excessive habilities, please provide a detailed explanation and your plan to resolve. the cause of the excessive liabilities. If applicable, please also address why expenses exceed revenues, and/or if there are any legal or fiduciary issues highlighted in the auditor's notes. If these scenarios are applicable, we respectfully ask that you provide the , ' auditor's opinion in Enghsh,'if feasible. The City of Miami experienced revenue decreases in the following areas: Public Facilities and Public Safety Departments, property tax revenues, Public Services Tax, investment income, and a one-time contribution to the State of Florida for the Port Tunnel's construction. Expenses also exceeded revenues due to an increase in the following expenses: General Government, Community Development and Interest on Long-term debt. For the 2012 fiscal year, the City of Miami has improved its financial condition and achieved a balanced budget. Organization's Most Recent Audited Financial Statements (two years of comparative financials are preferred) Guidance: This attachment is REQUIRED upon submission for your application to be processed. You can attach the document by clicking the "Browse" button to locate the saved document on your computer and then clicking the "Upload" button to attach document to your application. Audit-2011.pdf Most Recent Form 990 Guidance: This attachment is REQUIRED upon submission for your application to be processed. You can attach the document by clicking the "Browse" button to locate the saved document on your computer and then clicking the "Upload" button to attach document to your application. 990 Exemption.pdf Prior Citi Foundation Funding A) Has your organization received Citi Foundation funding in the past? No B) If your organization was funded by the Citi Foundation in 2012, provide:. 1) Grant Amount 2) Program: title 3) A brief description of the program 4) Progress to date including major results If not, enter N/A N/A cafi a #mu€te0nutesof.ac� -aui�ii"te Your Program Program Overview Investment Type Direct Service 1. Program Title Guidance: The program title should be no longer than 7 words. Financial Empowerment Center Coaching 2. Focus Area for the Program Guidance: If you are uncertain, please ask your Citi Contact. Financial Capability & Asset Building 3. What is the community need or issue you seek to address? Guidance: If your organization operates at the local level, clearly state the local community need or issue affecting low- to moderate -income individuals or small businesses. If your organization operates on a national level, please include national needs, trends and statistics that relate to the issue you seek to address. Low- to moderate -income is defined as individual household income that is less than 80% of the Area Median Income (AMI). Small businesses are defined as businesses having annual revenues of $1,000,000 or less. The City of Miami is the largest municipality in Miami Dade County with 409,000 residents according to the 2011 census. Miami has an overwhelming amount of poverty affecting low to moderate income individuals, many of whom are low income small business owners. In 2006-2010, the median household income was only $29,621, versus $47,661 nationally and 27.3% of residents were living below the poverty level, double the 13.8% national level. Further, 42% of households had a net worth, insufficient to support them at the federal poverty level for 3 months without income; 12% were unbanked. The net worth was less than $4,577 for families of 3 in 2009. Also, 33% of residents do not have a high school diploma, which directly contributes to the high rate of poverty. The Financial Empowerment Center (FEC) sites will address the poverty experienced by low and moderate income Miami residents and low income small business owners by increasing their access to the financial tools and education that are fundamental to economic prosperity and success. Example: In just the past seven years, the household debt of residents in Bronx, New York has almost doubled and earning power per household has dramatically diminished over the course of the last two years. As a result. more families are in financial distress. the middle class is shrinking quickly and. foreclosure and bankruptcy levels in this community are up 33% in the last year. The low to moderate -income individuals. served through our program will learn strategies to help them retain their financial assets and learn to better manage their household needs 4. Program Summary Guidance: Provide a summary of the program in no more than five sentences. The Financial Empowerment Center sites will provide free individualized financial coaching to 200 residents annually to empower them to play a more proactive role in their economic independence and self-sufficiency. The coaching will address establishing a budget, evaluating debt and creating a debt elimination plan, establishing an emergency fund, understanding and reducing expenses, funding saving accounts and planning for the future. The free financial counseling will assist clients in improving their credit score, increasing their savings and improving their money management skills. Additionally, the FEC will also provide interactive educational classes on topics such as budgeting, credit and money management. Example: Through our Financial Capability Program, we will conduct financial assessments, education and one-on-one coaching for 450 low- to moderate -income individuals facing the threat of foreclosure, bankruptcy or income loss. Counselors will work with them to help establish a plan to stabilize their financial situation and provide long-term support in order to meet their financial goals. By the end of the grant period, we anticipate at least 250 participants will become financially stable through debt reduction, increased savings, improved credit scores and foreclosure prevention. 5. Total Program Budget Guidance: This must equal the dollar amount stated in the required program budget that you will attach to this application. (Whole numbers only. Include commas.) $150, 000 6. Amount Requested Guidance: This must equal the dollar amount stated in the required program budget that you will attach to this application as agreed upon with your Citi Contact. (Whole numbers only. Include commas.) $150,000 Program Budget Guidance: This attachment is REQUIRED upon submission for your application to be processed. Please download and complete the template in its required format by clicking the link below and saving the document on your computer. You can attach the completed document by clicking the "Browse" button to locate the saved document on your computer and then clicking the "Upload" button to attach document to your application. Click here to download REQUIRED template 2013 Program Budget .xls 7. How will Citi Foundation funds be used? Guidance: Please limit your description to no more than 5 sentences. Grant funds will be used to pay for the following: The salary of two (2) full-time financial coaches and one (1) part-time clerical/administrative assistant, local travel, program supplies, printing, design, data mining training, administrative and other miscellaneous expenses. Example: Funds will be used to purchase program materials and support staff time for our financial counselors. 8. Program. Start Date < Guidance: Indicate the date that you will begin to use the requested funds. Note that the Citi Foundation requires the funds to be used within a 12-month period and that the deadline for your interim and final reports will be based on this date. 03/30/2013 9. Program Narrative Guidance: Describe your program in detail. Outline the key elements of your program, interaction with participants, and provide any additional information that is pertinent to successful implementation. The Financial Empowerment Center coaches will primarily serve low to moderate income residents and low income small business owners of the City of Miami but will be open to the general public. This additional funding will enable the city to leverage and take its existing financial literacy program which has served over 11,000 residents and low income small business owners to the next level of individualized coaching. This direct funding will enable the city to add two (2) Coaches and one (1) administrative staff to expand the group financial literacy trainings to personalized one-on-one coaching. The enhanced program will be promoted through a variety of channels, from our housing program to our successful tax preparation sites where attendees will be encouraged to take advantage of their tax refunds and create an emergency fund or pay off debt. In the tax preparation sites alone, the City of Miami provides services to more than 1,200 City residents. The short term group sessions will provide a financial literacy training curriculum regarding credit and money management. These group trainings will be conducted by either VISTAs, the Financial Coaches and/or volunteers recruited by the VISTAs depending on the coaches' workload and availability. A dedicated program manager/coordinator will implement the financial coaching model with fidelity. The city proposes one centrally located hub at its administrative offices and three satellite locations established with local partners. The program will be enhanced by the support of two (2) AmeriCorps VISTA's (Volunteers In Service to America). The City of Miami has maintained this AmeriCorps VISTA grant for the last 5 years. Contingent on continued national program funding, each VISTA will support each coach and develop new group instructional and referral opportunities. The group trainings will cover lessons on credit and/or money management which will steer attendees to more in-depth one- on-one coaching and development of personal goals. These financial literacy group classes are given on a bi-weekly or monthly basis in cooperation with various partner sites. These group settings will be crucial to providing the initial point of contact to increase the awareness and need for financial discipline. The Financial Coaching and one-on-one session will be heavily promoted and encouraged at these group trainings which will act as a primary referral source for the coaches. Each of the coaches will also be able to provide group trainings and one-on-one counseling sessions at each of the other satellite locations on an as needed basis and make adjustments to services such as housing assistance, and work supports to meet the needs of the constituents and/or of the referral partners. The group training sessions will be used as a recruitment tool for the one-on-one coaching sessions. The experience of other nationally established financial coaching programs indicates that approximately 50%of the attendees will prescribe to the individualized coaching. Therefore, although a large pool of about 400 to 500 individuals will be recruited for the group sessions and obtained through referrals, only about 200 will utilize the one-on-one ongoing counseling. The FEC program will serve a total of 200 participants in a 12 month period) who will develop a more detailed financial plan and will be followed up at 4 prescribed intervals to help them achieve financial self-sufficiency. Most of these outcomes can take more than one session to achieve. They will also have at least one of the following outcomes: create a budget, open a bank account or transition to a better account; begin saving, increase income, reduce expenses, establish a credit history, increase their credit score, decrease debt or use a budget to manage income and expenses. During the first 12 months, each participant will attend at least one individualized (1) coaching session and will return and generate additional sessions via telephone, email and face to face. It is estimated that these 200 initial coaching clients will generate at least 4 additional sessions during which the coaches will address behavioral changes needed to achieve financial empowerment. There will be follow-up connections made with this cohort, either in -person, by email, or phone at 1, 3, 6 and 9 month intervals to encourage and reinforce their personal goals. Additional sessions will occur over a one to two year period depending on complexity. Each initial coaching session will be marked with the completion of a financial health assessment. This assessment or "financial triage" will capture demographic information and baseline data such as education level, employment, income, services that interest participants such as, banking and financial services, budgeting, credit score improvement and debt reduction. It will also be used to determine immediate needs like housing and to refer them to providers for assistance. Providers will be entities such as, social service programs, the city's Benefit Bank and tax sites, faith -based organizations, the 3-1-1 Call Center, Neighborhood Enhancement Teams (city satellite offices), community college partners, Legal Services of Greater Miami, the City of Miami's workforce center, city programs and community based organizations providing essential services citywide. The counselors will coordinate with those organizations to facilitate access by clients by ensuring that staff is aware of the available financial counseling services and how their clients can beneft. 10. Prograrn Timeline Guidance: We do not need a list of every activity you will undertake, but are looking for major activities of your program. Ensure that the timeline you provide covers the entire duration of the requested grant and that at least one activity focuses on program evaluation activities. Month 1: At award confirmation, City of Miami is to produce and schedule a legislative resolution to be presented to the City of Miami Commission for approval and acceptance of the grant funds. Month 2-3: Recruit, interview and hire new financial coaches and administrative assistant. Set up grant award in city financial system. Month 3: Train staff on city processes and financial counseling model, client continuum and reporting. Execute agreements with financial coaching partner. Month 4-16: Implement program, set up referral system and procedures, conduct financial literacy classes and initial coaching sessions. Month 4-16: Capture data points to track clients' continuum of improving their financial standing. Evaluate data and report final findings of program's results for evaluation. Month 16: Complete the provision of at least 200 individualized coaching sessions to City of Miami residents and businesses. Example:: (Month 1): 1) Work with partner agencies to conduct outreach to introduce community to program. 2) Enroll 450 potential participants in the program. (Months 2-5): 3) Conduct eight financial capability classes and an initial coaching session. 4) 400 participants attend all courses and develop a financial plan based on course 'earnings and individual coaching received. (Month 6): 5) Submit Interimgrant report. (Months 7-11): 6) 375 participants attend six monthly financial coaching sessions as they implement their plan. 7) Coaches track progress and evaluate client outcomes. (Month 12): 8) Analyze data on client results and identify at least one change in program to improve participant outcomes. (Month 13): 9) Submit Final grant report. 11. What are the strengths, expertise and track record of your organization and the key individual(s) leading the program that will ensure successful implementation? The City of Miami has an established legacy in implementing financial empowerment and asset - building initiatives. This funding will enable the city to add two (2) coaches and one administrative staff to enable us to go from just group financial literacy trainings to a more personalized long-term one-on- one coaching geared towards financial empowerment. Beginning ten (10) years ago, in 2002, the City of Miami established its Anti -Poverty Initiative, which the city augmented in 2003 by offering free income tax preparation assistance at various locations throughout the city. In 2005, the more comprehensive ACCESS Miami program was launched and continues to operate. To date, we have accomplished the following: - Over 85,000 tax retums completed, generating over $188 million in tax refunds. - Started over 4,000 Individual Retirement Accounts and new bank debit cards generating over $6 million in new deposits. - Saved residents over $3.6 million in tax preparation fees. - Committed over $245,000 in funds and generated a 2:1 IDA Matched Savings Fund to over 100 clients who purchased homes totaling $12 million in assets. - Generated over 350 micro business loans totaling $2.2 million which produced 31 jobs and retained an additional 79. - Started a small business center as a cost share partner with the Department of Commerce which now serves over 300 businesses each year, generating over $18 million in contracts, and $12 million in financial awards and over $2 million in increased sales. - Created www.AccessMiamiJobs.com workforce site which has generated over 800,000 unique visits, over 6 million page views and over 48,000 live jobs. - Our financial literacy efforts have impacted over 11,000 attendees and residents. William Porro, Special Projects Administrator, is a bilingual Spanish and English speaker with over 25 years of financial planning expertise. Mr. Porro also has over 8 years' experience creating and administering the city's anti -poverty program. William's career in the financial services industry spans more than 20 years, including positions of high level responsibility in both international and domestic financial services and marketing for such Fortune 500 Companies as American Express Financial Advisors, Citibank and CIGNA. A financial advisor by trade, William and his wife have helped countless people "get their financial house in order" by offering free seminars on everything from budgeting to eliminating debt. Demographic Data 12. Indicate the Geographical Area(s) Served by the,program where Citi Foundation funds will be used and the percentage of Citi Foundation grant funds utilized in each "area. Please ensure that corresponding percentages are whole percentages and add up to 100%. Guidance: A search box is providedso that you may easily make your selection(s) In the search box, you may enter the full name of the state OR, county (do not include the word "county") and then hit the "Search" button beside the box, whichwill cause the drop -down menu below to only provideoptions that match your search criteria. The number shown beside the county is the Metropolitan Statistical Area (MSA). Select the correct geographical area served from this list and include the percentage of Citi Foundation funds that will be utilized in each area. If the program is serving a national or statewide audience, please select the state\county\MSA of your Headquarter office. You may enter up to 10 counties. If your program serves more than 10 counties, please select 9 counties and select "Other" as the 10th county. You should list additional counties in question #13. If the area(s) where your program will take place have not yet been determined, please select "*Other". You will be asked to provide this information when it is available. If the program is serving an area outside of the United States, select "*International". If you select "*International" and the project is serving a specific country(ies), list the country(ies) and the corresponding percentages in question #13., Geographical Area(s) Served: UNITED STATES -United States -United States-Florida-Miami-Dade133124 (100%) 13. If your program serves more than 10 counties and you selected KOtheru in question'#12, please provide the state, county, and MSA for the additional areasthat your program is serving along with the corresponding percentages. All entries should follow the format provided in the example; please note all percentages, including those indicated in question #12, must add up to 100%. • Click here to find the Metropolitan Statistical Area (MSA) code based on the address of where this program will be implemented. Not applicable Example: New YorklKings135644 (100%) 14. Area Median Income and Census Tracts A) Provide the Area Median Income (AMI) for each Metropolitan Statistical Area (MSA) you provided in questions #12 and #13. • Ifyou answered "*Other" in question #12 because thegeographical area(s) served by this program is unknown at this time, please when you anticipate you will be able to provide this information. You will be asked to provide the AMI when the geographical area(s) served information is available. Guidance: In order to find the AMI data for each MSA you provided in questions #12 and #13, please access the 2012 FFIEC Estimated Metropolitan Area Median Family Income listing found here.The listing is sorted by MSA name and you should indicate. the FFIEC Estimated Median Family Income for each MSA you provided in questions #12 and #13 in your response. According to the 2012 FFIEC Estimated Metropolitan Area Median Family Income listing, the AMI in this MSA is $52,600. Example: According to the 2012 FFIEC Estimated Metropolitan Area Median Family Income listing, the AMI in this MSA is $67,400. B) If this program is serving small businesses, please _provide the census tract income level for the address of each business served. If the businesses being served have notyet been identified, please provide the census track income level for the location where the program will be implemented. Similarly, if the program will be implemented in a government- .... designated redevelopment zone, empowerment zone or disaster area, please include the census tract data for each MSA provided in questions #12 and #13. Guidance: For programs serving small businesses that are located in low- to moderate -income geographies or that will take place in government -designated redevelopment, empowerment zones or disaster areas, you will also need to provide the census tract data for each MSA. To do this please visit the FFIEC website by clicking here. Once you access this page, you will be able to enter a street address along with either a city and state or a zip code. Entering this information will take you to the Geocode page for the specific MSA. In order to find the census tract for the MSA, click on "Get Census Demographic" and include the Tract Code and Tract Income Level in your answer. Be certain to include this information for each MSA you provided in questions #12 and #13. This program will be open to the general public and low income small business owners throughout the City of Miami. Those that are low income small business owners will meet the same criteria as our low & moderate income residents Example: According to the FFIEC website, the small businesses we will serve are located in tract. code 1408.00 and the tract income level for this MSA is "Low" 15. Describe the individuals, micro and small businesses and/or organizations that you will serve during this program. The Financial Empowerment Center will serve low to moderate income residents and low income small business owners in the City of Miami. These residents have experienced an overwhelming amount of poverty and have median household incomes which are well below the national average. Furthermore, many residents do not have a high school diploma, are financially illiterate, English is their second language and in general are not familiar with the US banking/financial system. The Financial Empowerment Center will address the poverty experienced by these residents by increasing their access to the financial tools and education that are fundamental to economic prosperity and success. Example: The population served is largely low- to moderate income individuals in Bronx, New York who have an urgent need and a strong desire to improve their financial management skills So that they may avoid and/or break the cycle of over -indebtedness and ultimately build and preserve assets and family wealth. Many have recently lost their jobs, have significant debt issues, and most have no long-term financial plans to build or preserve their wealth. 16. Ethnicity Served by Program (The majority served by this program) All (not specified by ethnicity) 17. Gender Served by Program (The majority served by this program) General Population 18..Population Served by Program (The majority served by this program) General Population 19.is the, population or area served by this grant primarily (51 % or more) aow to moderate-' income and/or, if applicable, smallbusinesses? Low- to moderate income is defined* individual annual household income that is less than 80% of the Area Median Income (AMI). A small business is defined as a business with revenues of $1,000,000 or: less and, for our purposes, is located in low to moderate -income census tract Yes 20. How do you verify the percentage of low- to xnoderate-mcome individuals and/or small businesses that have annual revenues of $1;000,000 or less and are located inlow- moderate income census tracts? Give a specific desenption of how: you determined the answer provided in the previous question (Please use the examples provided to guide you as youanswer thus question.) Guidance: Acceptable forms of data used to verify this percentage are: client intake forms that capture information related to household income and address of each participant; data that verifies the annual revenue and/or address of each small business served; client income verification; and federal free or reduced cost lunch data. If you are using household income to determine this percentage, include how you will verify that the participants or small business owners served will meet the less than 80% AMI criteria. If you are using federal free or reduced cost lunch data to determine this percentage, include the name(s) of the target school(s) and the percentage of students that qualify for free or reduced lunch at each school. If you are using census tract information, include how you will verify that the participants or small businesses served are located within a low- to moderate - income census tract(s). At intake clients will complete forms capturing their household income, address and other demographic data. Clients will be asked to provide information indicating household members who receive free or reduced lunch, Medicaid, cash assistance, or SNAP (food stamps). Staff will use this information to determine that 51% or more of the clients served have an annual household income that is less than 80% of AMI. Examples: Financial Capability & Asset Building: NFCI will determine the number of participants who are classified as low- to moderate -income by collecting client intake forms from each participant which will capture data related to household income. Based on the client intake forms, we will determine that 51% or more of our program participants have annual household income that is less than 80% of the AMI. Microfinance/Enterprise Development: We obtain client intake forms from each small business owner which captures information related to the small business, including address and annual revenue. Based on the client intake forms, we will determine that 51% or more of small businesses served by this program have annual revenue of $1 million or less and are located within a HUD - classified low -to moderate -income census tract. College Success: As outlined in our mission, we only serve students from low -to moderate income communities..This program, will take place at the Stadium: School, where 66% of the students are eligible for federal free or reduced cost lunch, and, the Heritage School, where 68% of students are eligible for free or reduced cost lunch. This program will Serve 50 students from the Heritage School. and 50 students from. the Stadium School; therefore, we can confirm that this program will primarily serve students who are classified as low -to moderate -income Neighborhood Revitalization: We require:a copy of federal income tax returns, pay stubs and the .: most recent utility bill of each; program participant in order to determine the percentage,of low -;to moderate -income participants served by this program. Since this program; will serve the same participants as served in 2011, we know that 51% or more of our participants have annual household 1. income that is less than 80% of the,AMI. Results 21. Results Statement Guidance: The fact that the participants in your program have completed the activities you implemented, read your materials, and sat through counseling or a workshop is not the result. Do not focus on activities, programs implemented or levels of participation satisfaction. The results we are referring to are the changes in the behaviors or conditions of your participants during the 12-month duration of the requested grant based on your program's activities, services, and support. For additional reference materials for defining your program results, review Defining Direct Service Program Results and Program Results Examples. Any numbers provided in your statement must be consistent with those you provide below. Use the example as a guide in providing your response. Note that your results statement should be 100 words or less. You will not be able to submit your application if your answer exceeds 100 words. 90% (180 participants) will create a budget to follow, 25% (50 participants) will open a bank account or transition to a better account, 10% (20 participants) will begin a savings plan, 20% (40 participants) will begin a debt reduction plan, 10% (20 participants) will improve their credit score, 20% (40 participants) will establish an emergency fund, and 20% (40 participants) will increase their income to expense ratio. Example: By the end of the grant period, of the 450 participants: 1) 54% (245 participants) will reduce their debt by at least 15%; 2) 42% (187 participants) will start an emergency savings account; 3) 31% (140 participants) will improve their credit score; 4) 17% (75 participants) will avoid foreclosure and remain in their homes. How many individuals (including microentrepreneurs or small business owners) will this program serve directly during the grant period? (Whole numbers only. Include commas.) 200 If the goal of this program is to build the capacity of other organizations (i.e. microfinance institutions, community development financial institutions, community development organizations, etc ), how many do you plan on serving directly during the grant perio,d? Guidance: Exclude your own organization and any with which you will partner to provide services. 0 Quantify your results ... Guidance: Participants may achieve more than one result within a grant period and therefore, itis possible that the sum of your entries may exceed the number ofparticipants served. Provide a response for only those questions that apply to your program. Numbers provided must be consistent with your result statement.:. As a result of this program, by the end of the grant period (whole numbers only) How many individuals will demonstrate financial knowledge and skills? 180 How many individuals will change and maintain changes to their financial behavior? (Use a budget, improve credit score, reduce debt, pay bills on time, use a bank account) 100 How many individuals will build financial assets? (Accumulate savings) 60 How many individuals will preserve financial assets as a result of this program? (Protect assets against financial loss through foreclosure prevention and/or insurance) 0 How many individuals will begin to use financial products to help improve. their financial stability? (Products include: savings, credit, insurance) 50 How many students will be better prepared to enroll in postsecondary education? 0 How many students will enroll in postsecondary education? (Only applicable to high school seniors) 0 How many students will continue postsecondary education? (Only applicable if your program will provide services to students already enrolled in postsecondary education) 0 How many students will graduate with a postsecondary degree? (Only applicable to students in their final year of postsecondary education) 0 How many new micro or small enterprises will be created? 0 How many existing micro or small enterprises will be improved or expanded? 0 How many new jobs will be created? (Creation of a new enterprise must also result in the creation of at least one new job) 0 How many units of affordable housing will be created? For predevelopment projects, please enter the anticipated number of affordable housing units that will be created/made available upon completion of the development. 0 How many units of affordable housing will be rehabilitated or preserved? 0 How many community facilities will be created or revitalized? 0 Of the organizations served, how many will be better able to provide services to clients? Only applicable if the goal of your program is to build the capacity of other organizations 0 22. What data will you collect to verify your program's results? What specific tools will you use to collect this data? Guidance: Evaluation tools may include: randomized control trials, third -party evaluation, pre- and post-tests, surveys, focus groups, site visits, client follow-ups, etc. You may be able to use existing data sources, rely on existing measurement instruments, or use observations and reports by others and, in some cases, self -reported behaviors. Our financial assessment tool (Client Registration Form) will provide an overall view of each participant. This form will be used with every participant that is seen by the financial coaches. This form contains demographic and income based background information. The second section contains questions that relate to services in which the participant is interested, such as obtaining a bank account, benefit screening and credit score improvement. It also identifies the referral source and captures whether or not the counseling mode is "one-on-one", on the phone, or in a group setting. A topline view of their budget including (savings, monthly income, expenses, debt and debt payments) will be obtained and debt to income ratios will be calculated. Probing questions such as "did you ever default on a loan", "feel short on cash before payday" and "do you have a budget" will be utilized. A deeper investigation of an individual's use of financial services is also conducted by querying them regarding their use of these services. To that end, they are asked if they have a bank account, a savings account, if they have been rejected for a bank account, their use of ATM and debit cards and if they have health insurance. Finally, an ongoing service plan is created for clients using the Financial Health Assessment and focuses on various elements such as, opening a bank account, credit score improvement, savings and debt reduction. The City of Miami will attempt to mirror the reporting system used by New York's Financial Empowerment Centers, but will capture the data points described above in Miami's database. The financial coaches will be accessible and help each participant with each step of the service plan to ensure success. Each Financial Coach will follow up and set up predetermined calls/emails/meetings in months 1, 3, 6, and 9 to make each participant accountable for their own success. These follow up sessions will allow the Financial Coaches to assess and gather data to help direct each client towards their stated goal(s). The administrative staff will help set up these follow up sessions with each clients and report the successes achieved along the way. The forward looking plan will encourage "baby steps" which consist of 1. Completing and understanding their budget 2. Developing an emergency fund 3. Eliminating debt, via a debt reduction plan 4. Developing a savings and retirement fund 5. Savings vehicles such as, taking advantage of 401 k and employer sponsored savings. 6. The financial coaches and the administrative staff will input the data on a timely basis to adhere to the grant requirements and program goals. The rate of improvement for participants and how many outcomes they are able to achieve will also are monitored. A "next step" plan of action will be noted and agreed upon after each session with the participant. These "next steps" i.e. baby steps will drive the participant towards true behavioral change. These small steps in one direction, such as establishing an emergency fund are both a behavioral change and an increase in assets at the same time. Both will be monitored via scheduled follow ups established by the financial coaches and . confirmed by the administrative staff and then input into a database. Example: Our counselors will review the financial goals set by the participant and then ask for/use copies of documents that show they have achieved those goals. Examples of documents may include credit reports, savings or checking account statements, bill statements and budgeting sheets. These will be obtained during their monthly check in session to confirm success. We also capture client information that will help to inform program decision and refinements as well as marketing efforts; this includes demographic data, perceptions about banks and banking products, method of entry (marketing data), debt levels, numbers of credit cards, and more. At the end of each workshop module, trainers enter test scores for all participants. All of this data is available online in our secure client management database for both trainers and counselors to use. Counselors will also review module test scores to provide additional support where needed. if participants are not making strong progress towards their goals, counselors can use this informationto help participants identify where they are stuck and provideadditional resources/perspectives to help them get back on track towards their goals. Additional Information Program Visibility 23. How will this program be communicated to the public, professional peers and thought leaders? Be specific and include details such as press releases, social media, convenings, web postings, brochures or other related materials. If applicable, please ensure that acknowledgement of our grant funding credits the Citi Foundation. The FEC program will be communicated using the following: A kickoff event attended by City of Miami Mayor and press. Radio advertisement and distribution via City of Miami neighborhood satellite offices. Showcase kick-off on TV channel and Public Service Announcement. Through the use of an extensive database, emails will be sent to residents, homeowners' associations and community based groups and colleges citywide. Brochures and program materials will be provided to selected partners to ensure the neediest residents are also informed of the program. The City of Miami will utilize its own radio and TV broadcasting capabilities, coverage via its partnership with the public radio station WLRN, and the Haitian Creole and Hispanic radio stations to inform residents of the FEC. 24. Will this program include publication of any reports and/or research white papers? No If yes, when is this report expected to be produced? And, if known, specify the anticipated title of the publication. Note: The Citi Foundation would like to highlight the accomplishments of our nonprofit partners on the Citi Foundation website by featuring any reports and/or white papers that are produced as a result of our funding. If your program will produce a publication, please complete a licensing agreement, the form of which is available for download in the link below, and attach the signed agreement to the last page of this application. Please ensure that the agreement is reviewed and signed by an individual with the authority to enter into a legal agreement on behalf of the organization that is producing the publication. Signing this agreement does not constitute an offer, promise or guarantee of funding from the Citi Foundation, Citigroup Inc., or any of its subsidiaries or affiliates. The Citi Foundation reserves the right to determine, in its sole discretion, whether or not to feature the publication on the Citi Foundation website. Click here to download the agreement form. LicensingAgreement You can attach the document by clicking the "Browse" button to locate the saved document on your computer and then clicking the "Upload" button to attach document to your application. Citi Engagement �� ^ '� , `^ 25.T�iDC�i iutb�,��. No -� ��~""� bo��u '' ^ -ity �*If ` - � u��^^ - ' - --_' _ Please note that although wmencourage the engagement nfCitiemployees in CibFoundation funded programs, the involvement of Citi employees is not a determining factor for funding consideration. 20.Iuthere uCid emplo ' vee on the Board ofthe organization9 If there is a Citi employee on the Board of your organization, provide the Citi employee's full name, Citi business, and title as well as board position and/or whether the Citi employee serves in an advisory capacity regarding the finance, governance, or fundraising for the organization. Please note that the involvement of Citi employees is not a determining factor for funding consideration. No CdiContact Information � 27.{��iInvdczName Provide the name ofthe CitiContact who invited your organization buapply for agrant. Enter the name exactly as it appears in the Invitation to Apply that your organization received. Do not include title nraddress. Patricia Algaze 28.Graot - South Region (Business Partner Sourced) Compliance 29. Grnon Exemption |oyour organization anaffiliate ofalarge, national parent organization and does that organization have anIRS group tax exemption ruling? No --�-- pleaseUP Cu organization. Please load this do' ment here.. You can attach the document by clicking the "Browse" button to locate the saved document on your computer and then clicking the "Upload" button to attach document to your application. 30. Fiscal Sponsorship Is your organization acting as an official Fiscal Sponsor for this project/program? No If yes, please review the fiscal sponsorship. guidelines by clicking here and attach the required documentation ere. • You can attach the document by clicking the "Browse" button to locate the saved document on your computer and then clicking the "Upload" button to attach document to your application. 31. Supporting Organization As a 501 (c)(3), your organization may be further classified by the Internal Revenue Service (IRS). Is your organization a supporting organization as described in section 509 (a)(3)? (You can find this classification in your organization's IRS determination letter.) No If yes, please note that you are required to complete and attach the Supporting Organization Form here. Click here to download the required form.. You can attach the document by clicking the "Browse" button to locate the saved document on your computer and then clicking the "Upload" button to attach document to your application. 32. Public Schools and School Districts If your organization is a public schoolor school district, please locate your organization on one of the foliowing web sites. You will be asked to include a scanned copy here. Public Schools Search Public School Districts Search Public Colleges and Universities Submission Info Please note that the existence of any current or the promise of any potential business relationships with Citi or Citi subsidiaries do not influence grant decisions and mention of such relationships may disqualify your grant application. The Citi Foundation declines -any tangible benefits your organization might decide to give to Citi or the Citi Foundation as a result of a grant. By checking this box, I understand that submission of an application does not constitute an offer, promise or guarantee of funding from the Citi Foundation, Citigroup Inc., or any of its. subsidiaries. Yes Please note that you are required to e-mail a draft of the completed application to the Citi Foundation for preview before you can officially submit this application for funding consideration. When you have completed the entire application and attached all required documentation to the application form, please select "E-mail Draft" at the bottom of this screen and send a draft of the application to CCDGrants@citi.com. The Citi Foundation will review the draft application and contact you if additional information is required before submission. Once the Citi Foundation authorizes the officialsubmission of the application form, you will receive a Submission Code to enter in question #32. Please note that the deadline to submit a draft application to the Citi Foundation for authorization is November 19, 2012. 33. Submission Code Once the Citi Foundation authorizes the official submission of this application form, you will be provided with a Submission Code. Please enter this Submission Code exactly as it appears in the authorization e-mail sent to you by the Citi Foundation. 8040