$5,000 annual grant honors legacy of service and expands access to financial education
Chadds Ford, PA, [Month Day, Year] —FMFCU Foundation today announced the creation of the Michael B. Magnavita Financial Empowerment Grant, a new annual $5,000 competitive grant designed to strengthen financial capability and economic stability across the communities the Foundation serves.
Established in honor of Michael B. Magnavita’s service to Franklin Mint Federal Credit Union (FMFCU) and FMFCU Foundation, the grant supports local nonprofit organizations and schools delivering financial literacy, coaching, budgeting, savings, and other financial empowerment initiatives. Eligible applicants include 501(c)(3) nonprofit organizations and schools serving communities within FMFCU Foundation’s service footprint.
“Strong communities begin when people have the tools to manage their money with confidence,” said Drew Stanley, President and CEO of FMFCU. “This grant honors Mike’s legacy by supporting nonprofits and schools that help strengthen the communities we serve.”
Local nonprofit partners and educators consistently identify financial literacy and financial stability as pressing needs, yet many lack dedicated resources to expand or enhance their programs. The Michael B. Magnavita Financial Empowerment Grant is intentionally flexible, allowing applicants to design programming that best meets the needs of their participants.
Through this initiative, FMFCU Foundation anticipates increased access to high?quality financial education, improved financial confidence and decision?making skills, and stronger financial resilience among individuals and families.
Applications are now being accepted. Eligible nonprofit organizations and schools can learn more and apply by visiting fmfcufoundation.org.
