The NFEC’s Social Enterprise Model Bankrolls New Financial Education and Crowdfunding Platform - SavingsFund

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SavingsFund savings platform launches to enable families to help their children save money as they gain needed monetary skill sets.

The National Financial Educators Councils’ social enterprise fund supports organizations in need and funds financial literacy innovations. combines a savings platform with financial education tools so families are able to help their children to save money as they gain needed monetary skill sets.

SavingsFund is a crowdfunding platform that allows friends and family members to give toward a child’s long-term savings or college fund. Leveraging the latest technology and financial literacy surveys, the NFEC developed this product to make it easy for people to provide financial gifts for children and teens.

SavingsFund is 100% independent and not affiliated with credit unions, banks or other financial institutions. The NFEC plans on partnering with financial institutions on a community basis to expand the message to those across the country.

Another stated goal of SavingsFund is to raise awareness about saving early and financial education on a global scale. To ensure exposure, the NFEC enlisted the help of Jayne Black, Mrs. Wisconsin International 2013 and mother of 6 children. Her role as National Spokesperson is to relay the SavingsFund message to empower families internationally.

“The basic concept behind the education portion of SavingsFund was to give families a timely financial education. As their savings account grows, so will their knowledge on how to best manage their funds,” states Jayne Black, Mrs. Wisconsin International 2013 and SavingsFund National Spokesperson.

The National Financial Educators Council is a social enterprise that has partnered with or served hundreds of non-profit organizations and schools. The Financial EduNation Campaign is a nationwide initiative that provides financial literacy research and resources to groups looking to improve the financial capability of those they serve. The NFEC commends those individuals and organizations that are currently serving the financial literacy movement.

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Cecile Abad
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