Providing Pathways to Financial Prosperity
The Foundation's Mission:
To ensure underserved communities have fair access to transformative financial education, services, and resources. To accomplish this, we support the work of Minority Depository Institutions (MDIs) through our four strategic pillars.
Financial Wellness
Develop innovative financial education programs and services that benefit households, small businesses, and nonprofits.
Entrepreneurship & Small Business
Provide capacity-building services and facilitate access to capital for underserved and undercapitalized businesses.
Research & Impact
Publish cutting edge sector research and use insights to inform the development of responsive products, services, policies, and solutions to advocate for mission-driven banks and the communities they serve.
Capacity Building
Serve as a central point for collaboration and capacity building. By working together and sharing resources, mission-driven banks can improve operational efficiencies, access larger pools of capital and have a greater voice in shaping policy.
Strategic Initiatives
Our Money Matters
The Foundation believes that financial wellness should be accessible to everyone, including those who have been historically excluded and underserved. We know that being smart with your money makes perfect sense, which is why we launched Our Money Matters (OMM).
Thanks to the generous support of the Wells Fargo Foundation, OMM is a free resource available to anyone who wants to become financially empowered. With our comprehensive suite of tools and services, you can learn how to budget, improve your credit score, qualify for a mortgage, invest in your future, and so much more.
MDI ConnectTech
Digitization Program for Minority Banks
The MDI ConnectTech Digitization Program is a bold and innovative initiative to bring the latest technology solutions to MDIs. In collaboration with the Alliance for Innovative Regulation (AIR) and with support from Citi Foundation's Community Finance Innovation Fund, MDI ConnectTech assists mission-driven banks in their journey towards modernization and digital transformation. This program will enable MDIs to develop and integrate technology solutions to streamline operations, expand their customer base, and enhance engagement through digital channels. Most importantly, it will create a more even playing field so MDIs can compete in an increasingly digital world.
Capacity and Collaboration
MinBanc Foundation, Inc.
MinBanc Foundation offers reimbursements for employees of MDIs looking for development training and industry events.
MDI Sustainable Finance
MDIs play a crucial role in serving the financial needs of underserved communities. These same communities also face the perilous threat of climate change and a growing need for sustainable finance.
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Through the [MDI] Sustainable Finance Program, MDIs are positioned to deploy capital, offer innovative lending products, and impact investments to drive climate action.
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Download our guide featuring tools, resources, and key organizations that can support your efforts.
3.7 times more likely
People of color are
than white people to live in places with substantial air pollution* and are also more exposed to heat stress and extreme weather events.
– Source: *American Lung Association, 2023, EPA 2021
​“MDI branches are more likely to be located in climate-vulnerable counties,* and 60% of MDI lending postcodes from a 2021 representative sample have estimated climate risk above the national median.”
– Source: *Federal Reserve Bank of Dallas, 2022) National Bankers Association Foundation
Partners
Through the generous support of corporate and philanthropic funders, the National Bankers Association Foundation is helping underserved communities across the country.
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