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Delaware Financial Literacy Institute

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Nonprofit Overview

Causes: Economic Development, Financial Counseling, Human Services, Urban & Community Economic Development

Mission: The Delaware Financial Literacy Institute is a nonprofit 501(c)(3) organization whose mission is to help individuals--especially those of low to moderate income--become equipped with the tools to get their financial lives in order so that they can become self-sufficient and enjoy financial well-being over time.

Results: * Over 700 classes, events and programs across the state * More than 800 Delaware women - and men! took control of their finances with 25,000 financial education hours * More than 300 entrepreneurs attended 2012 CODE Conference * More than 4,000 young savers participated with sixty school "banks" through partnership with University of Delaware

Target demographics: To help individuals, especially those of low to moderate income in Delaware

Geographic areas served: New Castle, Kent & Sussex Counties

Programs: The Money School - A program that offers over 600 FREE community-based financial education classes annually across the state. From Purses to Portfolios - A program encourages participants to pursue on-going FREE financial education through The Money School. CODE - Provides the Delaware small business community and the public with support and networking opportunities. BANK AT SCHOOL - A program that teaches children about money management by providing real banking experiences. Youth Programs - DFLI has programs that teach elementary, middle and high school students financial skills and entrepreneurship. Savings Programs - A program that provides certified credit counselors to help individuals understand and improve their credit situation, and financial coaches to help them take charge of their financial future.

Community Stories

33 Stories from Volunteers, Donors & Supporters

1

Volunteer

Rating: 5

I have had the wonderful opportunity to attend the first financial literacy conference a few years ago and became 'hooked" on the life-changing experiences I have received as a result. I have learned so much about finances, budgeting, getting out of debt, savings, and credit repair, etc. I am so amazed that there is an organization that truly cares about the financial health of our community and works tirelessly to provide the tools to guide you to financial success. The program is administered through excellence under the leadership of Ronni Cohen and her talented staff. The volunteer instructors donate their valuable time to share their expertise at no cost to the students who attend the excellent classes presented throughout the year. I am advocate for this great program, telling people wherever I go about the DFLI and the Money school classes. My affliation with the agency, first as a student, then as a volunteer and advocate, has been life-changing. My knowledge has increased about finances; I have experienced more joy as a volunteer: my own personal self-esteem has improved through the support and confidence I have gained from the program. Additionally, I have met new friends and had very positive experiences through DFLI and the Delaware Money School. Wonderful job, well deserving of recognition. Meta McGhee

Professional with expertise in this field

Rating: 5

I had the honor of working closely with this organization and was their "Executive on Loan" for a little over 2 years. The Executive Director, Ronni Cohen, is one of the most hard working, caring, genuine, and professional women whom I have had the pleasure of meeting. I am thankful to be able to call her a dear friend. Her staff shares the same passion, enthusiasm, and dedication as Ronni. Their signature program, From Purses to Portfolios, has grown to attract thousands of like-minded women (and men) to take control of their financial lives. Because of this program, they now have a more financially stable future; even in these trying economic times. The community who gets involved in their programs have the tools and resources to become more savvy in regard to their personal finances. DFLI offers hundreds of FREE Financial Education classes which vary greatly and touch on many topics. The diversity of their classes have helped many thousands of people, whether they are in the low to moderate income bracket, middle income, or upper income category. They teach everything; basic budgeting and savings classes, estate planning, investing, couponing, and the list goes on and on. DFLI holds events that are so well put together, organized, and cover various topics that are relevant to today's current economic conditions. They have Money Clubs which bring people together to share success stories and ideas on how to save money, find deals, buckle down on nonessential shopping, and setting realistic savings goals as a group. These groups encourage one another to make a plan and inspires them to stick to it. I cannot say enough about this AMAZING organization who helps people improve their lives and gives them the support that they need to do so. DFLI will forever be near and dear to my heart!

Volunteer

Rating: 5

For over 15 years the citizens of Delaware have enjoyed the resource of The Delaware Money School, a unique program in itself. However, DFLI, proud parent of The Money School, never "sits on it's laurels" -- the staff looks and listens for opportunities to assist. Ideas from the community are welcome. Once identifying the need, a solution is actively sought. The diversity of programs created over the years attest to this; bank at school, youth entreprenuers, financial literacy programs within the prison population, Purses to Portfolios, Money Clubs and the list goes on. This is an excellent non-profit with a strong board and a creative and dedicated staff!

Board Member

Rating: 5

As a board member of the Delaware Financial Literacy Institute, I get to see the positive impact of the, oh so many programs, that they sponsor. The work they do with limited resources and staff and a cadre of unpaid volunteers is simply amazing. Financial literacy; women's empowerment; small business support and networking; youth programs; savings program - they do it all!

Client Served

Rating: 5

I sent my 9 year old to Chasing the Dream camp by DFLI and the Money school and she now has a profitable business at www.preciouspillows.net . It has pulled our family to gether to make a successful business and each of our 4 children work their new business. You have been a blessing to us and so many others. They also gave us the opportunity to go to Atlanta to an Entrepreneur Consortium that was incredible. Learning form the best... they are the kind of people I want influencing my children. Thanks for all you do!! Alyssa

Previous Stories

Client Served

Rating: 5

Thank you to Ronnie Cohen and her staff. They love helping people and clearly have affected so many people's lives... including ours. DFLI has so many opportunities to learn about finances, entrepreneurship and personal education. The organizations they work with are top notch!! We have been to several events including Purses to Portfolio and what a tremendous learning experience. I appreciate that you all are always there for people!! Thanks ... you have a been a blessing to our family!!

Client Served

Rating: 5

DFLI creates educational opportunities surrounding finances all over the state of Delaware. Through the Delaware Money, 100s of free classes in topics from basic budgeting to investing, savings to the stock market are offered. I've been taking Money School classes since 2008, and I've benefited enormously. I am wiser about my finances, I track my spending and have increased my savings, and I've taken a more active interest in my retirement account as offered by my work place. The staff at DFLI work tirelessly to provide useful programs, advice and support for people across the financial spectrum. I've met such a great bunch of like-minded people, serious about getting serious about their finances, whether that was a baby emergency fund, a vast stock portfolio or anything in between. No one is out of place at a Money School class, so long as you are breathing and have an interested in improving your financial life.

Mia C.

Volunteer

Rating: 5

The Money School has great, free programs for anyone who wants to increase their financial knowledge in several different areas such as: Money Clubs, home ownership, using credit wisely, investing, saving and more. The seminars are usually one class sessions taught by professionals in the field. The Money School also has a very knowledgeable and friendly staff who are a great source of information. I have learned so much from The Money School and you can also. Did I mention that it is free?!

Client Served

Rating: 5

This is a very GREAT program. Keep up the GOOD work everyone.

2

Client Served

Rating: 5

DFLI provided free bugeting classes through The Money School that have become life changing. When I realized that I was not managing my finances enough to pay all the bills each month, I decided to ask for help. DFLI answered my call. My particular situation was because of underemployment, but I met people in my classes with different situations representing a diverse population of DE. The class was positive and encouraging experience that gave me the skills to manage the money I earn, pay my bills every month and get out of debt! I began to take more of the various Money School classes that are offered all over the State of DE. DFLI is providing a valuable service to the citizens of DE. The easy to enroll online system, friendly instructors, free cost and self enrichment are the reasons I continue to support DFLI six years later.

General Member of the Public

Rating: 5

The Money School has been an excellent, free resource for our 106 members which are sent quarterly information from the Money School. The information delineates workshop schedules for all 3 counties for consumers to invest, budget, save money as well as homeowners refinancing and entrepreneurship- beginning, advanced skills, resources and funding and so much more including a state wide conference targeting women and financial management skills.

Client Served

Rating: 5

I was struggling trying to find was to save money and make better money choices. This agency helped me not be afraid of money and take charge of my finances. I learned what triggers me to spend and ways to deal with that. How to invest my money. They have programs for small business education, divorce help and so much more when it comes to making you money work for you.