Pierre and Loquanet Roquemore Foundation 88-3887667 | Government Grant Application

Pierre and Loquanet Roquemore Foundation | Application Preview

The Pierre and Loquanet Roquemore Foundation is seeking government grants to support a financial literacy initiative aimed at empowering youth and their parents with essential money management skills. The grant application outlines a detailed budget for five months, from January to May 2023, which includes both one-time and recurrent costs.

Key expenses include purchasing project equipment like a flip chart stand, projector screen, digital camera, and tripod. Recurrent costs cover training materials (such as workbooks, pens, and name tags), meals for participants, and transportation for those attending training and learning visits. Facilitator fees for licensed professionals are also included, along with administrative costs like rent, electricity, and internet. The foundation plans to allocate funds for salaries and contingencies as well.

The foundation's strategic five-year plan emphasizes expanding programs and services, enhancing community engagement, and improving technology and marketing efforts. Their philanthropic goals target funding sources such as individual contributions, corporate giving, and grants.

The initiative aims to tackle economic disparities by filling gaps in financial education, as many high schools do not teach personal finance. By equipping youth and parents with the knowledge to manage money effectively, the program hopes to foster generational financial stability and independence.

The foundation claims no direct competition in their local area, as other organizations focus primarily on food and clothing giveaways instead of long-term economic empowerment. They believe that their unique focus on financial literacy offers a significant social benefit, setting them apart in the community.

• General Information

  Business Registration Number: 88-3887667

  Location: Dallas, TX, United States

  Length of Operation: 1-5

  Number of Employees: 1-10 Employees

  Annual Gross Income: Less than $100k

  Annual Gross Expense: Less than $100k

  Open to Loans: NO

• Funding Usage

  APPENDIX 1: BUDGET The budget covers (5) months beginning from January 2023 to May 2023. Please find below the budget item explanation and budget Item cost summary. You will find attached detailed budget. One time Cost: A. Project Equipment - 1 Flip chart stand for placing flip chart papers during training activities, 1 Projector Screen for especially projecting movies on Financial and Economic Literacy, Higher Education and Alternatives, and another educational movie. Report Equipment – 1 Digital Camera for taking snap shots during training events, learning visits, etc. 1 Tripod stand for stabilizing camera to make quality video. Recurrent Cost: B. Banners for displaying project and sponsor information. C. Training Materials: Participant’s workbook will be printed to have 4 semester section in it for participants note taking and documentation, pen will be provided, folder for packaging participants training materials, name tag for each participant for identifying each other’s name, flip chart for taking training activities note, marker for writing on flip chart paper. $20,000 D. Meals: Food will be provided to participants in the afternoon of each day of the training. Drinks and snacks will be provided of each day of the training to participants. The refreshments will be for 30 participants, 3 training crew, 5 instructors as supervisors. Lunch will be provided during training. The lunch will be for 30 participants, 3 training crew, 5 lead supervisors. E. Transportation: transportation will be provided for participants, and supervisors to and from training venue. Transportation will also be provided to participants, supervisors, and training crew during learning visit. Participants will be provided with transport during their internship period. F. Facilitators Fee: Licensed Professionals $125 per hour. $7,000 G. Monitoring/Evaluation, report writing: every three months for 1 year. H. Administrative: 1 year rent, electricity, internet, and/or transportation I. Salaries: There shall be two paid full-time staff the Executive Director, Manager, and part-time Team Leaders, and the Project Managers. $20,000 J. Rent – Monthly Rent for facility $3,000 (Cost may vary) K. Contingencies: other unforeseen cost that may be incurred will be covered from this amount.

• Business Plan

  5-Year Organization and Development Plan Strategy for the Pierre and Loquanet Roquemore Foundation of Dallas, TX. Our Business Strategic Plan: Enhance the scope of programs and services Expand the priorities for types of programs and services Identify priorities for target audiences Expand territories, locations and facilities Explore more community planning and organization Encourage board participation in advocacy and public policy Enhance technology branding/marketing communications Expand resource development processes and procedures Our Philanthropic Goals: 50% from charitable individual contributions in our annual fund 20% from your planned giving, legacy, and endowment program 20% from corporate giving programs 10% from grants Our SMART Objectives: Objective 1: Acquire 500 new donors through your online fundraising page. Objective 2: Call 100% of the new donors who give within 90 days of their gift. Objective 3: Acquire 200 new donors through a peer-to-peer fundraising campaign. Objective 4: Expand our monthly giving program by 100 donors. Objective 5: Retain 70% of donors from previous years. Program Significance Economic Disparity Among the Poor There's little question that the American education system has failed at teaching personal finance to generations and generations of students. That's because there is little to no personal finance education being taught--at all. According to a Council for Economic Education survey, only 14 states require students to take a personal finance course, and only 20 require economics. Despite having a national debt of around $19 trillion, average consumer credit card debt of nearly $16,000 per household as of 2015, and national car loan averages nearing $30,000, most American high schools are still not teaching the next generation how to achieve financial stability. Program Importance Lack of Knowledge Creates Generational Disparity Good money habits are not often taught in school and kids might unknowingly pick up poor financial habits from the adults around them, which they can carry into adulthood. Our financial education programs for the youth help them develop a healthy relationship with money. Learning to manage finances early enables them to become independent as adults.  Youth and Parents will have a good understanding of the value of money and be more appreciative of what they have as a result.  Youth and Parents will learn the value of saving as well as giving.  Youth and Parents will be able to make better financial decisions as young adults.  Youth and Parents will learn to plan, such as saving up for a car or investing in a house.  Youth and Parents will be able to recognize financial opportunities and learn when and how to take advantage of these.  Youth and Parents will be able to protect themselves from financial scams or fraud.  Youth and Parents will understand financial risks to avoid bad debt and bankruptcy.  Youth and Parents will reduce stress associated with finances.  Youth and Parents will grow up to be more independent and financially responsible

• Self Identified Competition

  There are no competitors. Local organizations and other non-profit focus on food and clothing giveaway; not investing in their future and teaching economic independence. We are advocates to creating generation wealth for all poor regardless of race, creed, or color. See above - no competitions in the local area.

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