Tuesday, March 7, 2006
Nancy Condon (202) 728-8379
Sarah Bohn (202) 728-8988
NASD Investor Education Foundation Announces 2006 Grant Cycle
Washington, DC — The NASD Investor Education Foundation launched its third general grant program today, formally inviting non-profit groups and researchers to apply for funding for projects that will help provide individual investors with high quality, easily accessible information and tools to better understand investing and the markets. Grant proposals must be submitted by May 15.
The Foundation is interested in funding projects that will help underserved groups identified by NASD's 2003 Investor Survey with greater access to unbiased information about the markets and fundamental financial issues. Those groups include first-time investors, young adults, women and the elderly.
"Our Foundation is committed to finding new and innovative ways of improving and expanding education resources for underserved segments of the population in order to help them enter the markets with confidence and secure their financial futures," said Foundation Chairman Robert R. Glauber, who also serves as NASD's Chairman and CEO.
Of particular interest to the Foundation in 2006 are projects that:
For educational projects, the NASD Foundation places a high priority on broad distribution and replication. Successful projects will be highly practical for serving large numbers of Americans and sustainable beyond the term of grant funding.
The Foundation has set no minimum or maximum for the number of grants to be funded or for the amounts of the grant awards. In considering grant requests, the merits of the proposed project will be the primary focus. Generally, projects should be neither less than 12 months nor more than 24 months in duration.
In addition to this general cycle, the Foundation has developed targeted grant programs, each designed to address a specific priority areas. On February 1, the Foundation launched Improving Disclosure to Investors, requesting proposals for research that examines the critical issue of improving information disclosed to retail investors. Grant proposals for this program must be submitted by April 7. Another targeted program, the Life-Cycle Investing Program, will be announced later this year and will focus on research about long-term investing and how ordinary people build wealth over their lifetime for retirement. On February 16, the NASD Foundation launched a new campaign to provide financial education tools and training to members of the U.S. military and their families. For details about grant programs and other new initiatives of the Foundation, visit www.nasdfoundation.org.
The NASD Investor Education Foundation, established in 2003, supports innovative research and educational projects that give investors the tools they need to better understand the markets and the basic principles of financial planning. The Foundation has awarded more than $4.9 million in total to organizations for educational programs and research projects targeting the underserved segments of the population.
NASD is the leading private-sector provider of financial regulatory services, dedicated to investor protection and market integrity through effective and efficient regulation. NASD believes that understanding should precede investing - and that education is often the best form of investor protection. NASD's broad range of investor education programs include Investor Alerts, brochures and online resource guides on such critical topics as mutual fund class shares and 401(k) and college savings plans. This information is distributed through its Web site, www.nasd.com, printed materials and Investor Forums.