FINRA Investor Education Foundation, American Library Association Announce Grants

The and the have announced $1.2 million in grants to sixteen recipients as part of their initiative.

Now in its fifth year, the program funds library efforts to provide patrons with effective, unbiased educational resources about personal finance and investing. The grants will be used to implement a variety of programs designed to increase patrons' access to and understanding of financial information and will target a diverse group of library patrons, including youth, seniors, English-language learners, college students, rural residents, and low-income families.

"Libraries are integrating financial literacy into existing programs and services and making this content very visible and highly valued within their communities," said ALA president Molly Raphael. "Financial education resources, staff training opportunities and partnerships developed through grants from the FINRA Foundation have created collections of core financial resources and a nationwide network of librarians equipped with the knowledge to connect users of all ages with programs and materials."

For a complete list of , visit the FINRA Investor Education Foundation Web site.

"." Financial Industry Regulatory Authority Investor Education Foundation Press Release 01/25/2012.