- National Endowment for Financial Education
The National Endowment for Financial Education (NEFE) is a private, non-profit foundation in the United States the purpose of which is to improve knowledge and awareness about financial matters among Americans in order to provide them with the skills necessary to take control of their individual financial futures. The NEFE website describes eight "Initiatives" as providing their guiding principles:
1. To empower Americans to achieve their life goals through the prudent and informed management of their financial resources.
2. To help instill in all Americans the commitment to save toward the realization of their financial goals and their future financial security.
3. To assist consumers in understanding and actively participating in the management of their investments.
4. To better prepare all Americans for their retirement years.
5. To encourage in the nation's young people an understanding of personal financial planning and the acquisition of sound money management skills.
6. To effect the financial education of individuals in special circumstances, and to support the development and delivery of programs and materials related to their unique needs.
7. To expand the financial literacy body of knowledge through research in support of developing a discipline that prepares educators and other intermediaries to improve the financial well-being of the public.
8. To support proactive research of consumer, social, and business trends.
The foundation, a non-profit 501(c)(3) organization, evolved out of non-profit College for Financial Planning, based in Denver, Colorado and founded in 1972 as the country's first educational institution focused on financial planning. The foundation is headquartered in Denver, and is not connected with the United States Federal government, so, despite its name, should not be confused with the National Endowment for the Arts or the National Endowment for the Humanities, which are Federal agencies.
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