Investment body sets up financial literacy Foundation

The Chartered Institute for Securities and Investment (CISI) has announced is launching a grant making foundation to hand out grants to improve young people’s financial literacy skills.

The CISI Future Foundation will be backed by £2.5m in investment from the Institute’s reserves for the allocation of financial literacy grants.

Its focus will be on funding projects supporting disadvantaged young people in the UK and globally.

Nick Swales, a director at Rathbone Investment Management, is chair of the Foundation and up to nine trustees are being appointed.

“We are delighted to be launching our Future Foundation,” said CISI chief executive Simon Culhane.

“Building young people’s learning and engagement with financial literacy and money management is an investment in their own personal financial futures.

“The CISI has offices and representatives in Qingdao, Barcelona, Dubai, Dublin, Lagos, Mumbai, Nairobi and Manila and 70 CISI staff in Colombo, Sri Lanka. The Foundation is therefore keen to consider initiatives and programmes from globally based organisations which match its values and objectives.”

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