Monroe County Public Library Awarded Two-Year Financial Literacy Grant

News Release Date: 
Feb 9 2011
For Immediate Release

Bloomington, IN--Monroe County Public Library has been awarded a $79,582 grant from Smart investing@your library®, a partnership between the American Library Association (ALA) and the FINRA Investor Education Foundation. FINRA (Financial Industry Regulatory Authority) is the largest independent regulator for all securities firms doing business in the United States. The goal of the library's grant project, called "It's Your Money," will be to educate local residents ages 15--29 to use unbiased financial education resources to create a budget, make good consumer decisions about major purchases and home ownership, and manage credit, savings and investments. The grant will run from February 2011 through January 2013.

Through the grant, Monroe County Public Library will add many new financial resources to the collection, develop a Financial Literacy Web portal, and create short "It's Your Money" videos for cable casting and podcasting. Additionally, the project will host 15 public training sessions and 15 "talk to an expert" opportunities at the library and at other community locations. Ten local organizations and agencies are partnering with the library, including Purdue University Extension--Monroe County, United Way of Monroe County, Greater Bloomington Chamber of Commerce, City of Bloomington Community and Family Resources Department, City of Bloomington Housing and Neighborhood Development, Ivy Tech Community College--Bloomington, Middle Way House, Monroe County Community School Corporation--Adult Education, South Central Community Action Program, and Young Professionals of Bloomington.

Smart investing@your library®, administered jointly by the Reference and User Services Association, a division of ALA, and the FINRA Investor Education Foundation, funds library efforts nationwide to provide patrons with effective, unbiased financial education resources. The Monroe County Library system is one of 20 public library recipients to be awarded funds through this initiative during the latest round of grantmaking.

Additional information at the American Library Association's Smart Investing and FINRA Investor Education Foundation's Smart investing@your library.®

Sarah Bowman, Adult and Teen Programming Coordinator, 812-349-3228