Based in Fort Worth, Texas, First Command Educational Foundation’s (FCEF) mission is “to educate those who serve.” Since its founding in 1983 FCEF has awarded an average of $137,000 annually in scholarships around the nation, and has awarded more than $4.3 million in total. We also promote financial literacy by providing presentations and online programs to military members, young adults and other groups.
WHAT WE OFFER
Scholarship Opportunities: FCEF awards scholarships each year to persons seeking associate, undergraduate and graduate degrees, and to those attending a trade school or seeking professional certifications. Our scholars come from diverse backgrounds and attend various higher educational institutions across the nation. Scholarship applications are accepted through two sources: community organizations with which First Command Financial Services Advisers have established partnerships, and our local and national partners whose missions support the those served by FCEF.
The Donaldson D. Frizzell Scholarship, named in memory of a former FCEF president, is open to members of the U.S. uniformed services (active, reserve and retired) and their spouses and dependents, First Command Financial Services’ clients and their families, and dependent family members of First Command Advisers and field office staff members.
Online Financial Literacy Programs: FCEF has a number of web-based programs available at no charge to users:
Money Matters Online was adapted from our previously published Money Matters curriculum, which was developed specifically to meet the Texas State Board of Education requirement for secondary school personal financial literacy instruction (Texas House Bill 492 of 2006). The 12 Money Matters Online modules are Accounts, Checkbook, Credit, Loans, Rights & Responsibilities (of renting an apartment), Buying (a house), Stocks & Investments, Retirement, Insurance, Entrepreneur, Bankruptcy, and Giving (to charity). An online module provides instructors the capability to enroll students, monitor their progress, and determine when they pass the course. Money Matters Online also provides online access to the previously published textbook curriculum that includes PowerPoint presentations for instructors, comprehensive and module exams (with answers for instructors), and a vocabulary list.
Military Money Matters, adapted from Money Matters Online, has been modified with additional military-specific content designed for junior military members
Financial Literacy Presentations: FCEF provides presentations and classes on many financial literacy topics. We currently have a library of more than 60 presentations on many civilian and military financial subjects that can be provided to various audiences, and we can create custom presentations as needed. We also have volunteer speakers in many locations who can provide comprehensive presentations in person.
WHAT WE NEED
FCEF hosts an annual fundraising event specifically to benefit the scholarship program This year, FCEF will hold a fund-raising golf tournament Sept. 17 in the Dallas-Fort Worth area. Donors and sponsors are greatly appreciated and are publicly acknowledged. The foundation’s operating costs also are provided by donations.
In addition, we are always looking for appropriate speakers and volunteers, and for points of contact for those who can use our assistance. We are very grateful to those who can contribute to our success.
SavvySaver is a no-cost mobile application we’ve recently released to help people learn some basics about finances. The information is provided in five modules: Spending Plans, Basic Banking and Accounts, Credit, Debt and Loans, and Investing. It’s designed for high-school age students and young adults, but anyone can play. SavvySaver can be downloaded from the App Store or the Google play store.
Also, FCEF recently signed a memo of understanding to provide two $5,000 scholarships for The American College, a non-profit private educational institution located in Bryn Mar, Pa., that specializes in providing financial education for securities, banking, and insurance professionals. The college chooses the scholarship recipients according to their internal processes.