Hermanowski Family Foundation Initial Request Form

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Organization Name: Destiny Bound
Legal Name (if Different): Destiny Bound Inc
Also Known As:
Mailing Address: 85-48 253rd Street
City: Bellerose
State: NY
Postal Code: 11426
Main Phone: 6462679393
Main Fax:
Organization Website: https://destinyboundny.wixsite.com/website
Employer ID Number: 84-3178846
Organization Tax Status: 501C3

Proposal Information

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Today’s Date: 02-04-2024
Requested Amount: 10,000

Project Title: I Am Financially Savvy Educational Mentoring program
Project Description:

Destiny Bound is a non-profit organization committed to fostering positive change in the lives of young individuals, particularly those in marginalized communities. We believe that financial literacy is a cornerstone for future success, and our Bridging The Gap program aims to equip teens with the knowledge and skills necessary to navigate the complex world of personal finance.
 
Bridging The Gap Financial Literacy Educational Mentoring Program is tailored to the unique needs and challenges faced by teenagers in marginalized communities. Our program will cover the following key areas:
 
Savings:
Teaching the importance of savings
Introducing different savings strategies
Providing practical tips for building a savings habit
Student Loans:
Explaining the types of student loans
Helping teens understand the implications of student loan debt
Providing guidance on responsible borrowing
Interest Rates:
Demystifying interest rates
Explaining how interest impacts loans and credit cards
Discussing strategies for minimizing interest payments
Credit Cards:
Educating teens on the responsible use of credit cards
Discussing the dangers of credit card debt
Providing tools for managing credit effectively
Budgeting:
Teaching the basics of budgeting
Offering practical budgeting exercises
Empowering teens to create and stick to a budget
Funding Request:
 
 
By supporting Destiny Bound’s Bridging The Gap program, you will contribute to the development of a generation of financially literate and responsible individuals. Our expected outcomes include:
 
Increased awareness and understanding of financial concepts among participating teenagers.
Improved financial decision-making skills and habits.
A measurable decrease in risky financial behaviors, such as high levels of credit card debt.
Conclusion:
 
Destiny Bound is dedicated to making a lasting impact on the lives of young individuals in marginalized communities. We believe that investing in financial literacy education is a key step towards breaking the cycle of poverty and empowering these teenagers to build a secure and prosperous future.

Total Project Budget: 37,000.00

Other Funding
Sources For The Project (Committed & Potential): Long Island Community Foundation

Project Duration: 2 years
Geographical Area Served: Wyandanch Long Island
Age Group To Be Served: 15-18

Contact Information

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Contact Prefix (Mr,Mrs etc.): Ms
Contact First Name: Janice
Contact Last Name: Easter
Contact Title: President
Contact Phone: 6462679393
Contact Email: Destinyboundny1@gmail.com