Teachers - Procedure for Grant Application

Investor Education Grant Program

With the passage of Acts 39 and 948 of 2003, the Arkansas Legislature appropriated funds for a grant-award program administered by the Arkansas Securities Commissioner. The grants are available to programs in Arkansas for the purpose of providing securities/investment education to teachers and students about the securities industry, the stock markets, and investment decision-making. Grant proposals will be considered for only these areas. New grants are to be awarded for the 2020-2021 school year. A final report of the project will be required.

Eligible applicants are public schools and non-profit groups (IRC § 501(c)(3) tax-exempt organizations) that provide investment education to students in grades 5 through 12. Thirty-three schools and one non-profit organization received a total of nearly $125,000.00 for the 2019-2020 school year.  The suggested grant request range is between $2500 and $5000 although grant proposals for more or less than the suggested range will be considered. The Commissioner will determine the grant award based upon the merit of the program, other school resources and the number of students educated. The proposal due date is September 30, 2020. Grant awards will be issued by November 16, 2020. Projects must be completed by March 26, 2021.

Use of Grant Funds

Grant funds may be used to purchase any appropriate educational, resource, software materials and equipment. Unused funds less than $100 may be used for classroom supplies in accordance with the Grant Rules. Use of any unused funds in excess of $100 are subject to the approval of the Arkansas Securities Department ("Department"). All funds should be spent or returned to the Department by March 26, 2021.

Grant Application Process

The grant application should be submitted on the Grant Application Form  and attach a completed W-9 form to Eric Munson, Arkansas Securities Commissioner, and be no more than 3 pages long, excluding attachments.  The Grant Application Form and W-9 form may be mailed to the address below, faxed to 501.324.9268, or emailed to david.george@arkansas.gov.

If any of the above items are not submitted, the submission will be deemed incomplete and declined from consideration.

Final Report

The final report must be submitted to Commissioner Munson no later than April 2, 2021. The final report must include measurable project outcomes and a financial accounting of actual program expenditures. Failure to submit either the outcome report or the financial report will forfeit future grant award consideration.

Submit your letter of grant proposal with attachment(s) to:

Arkansas Securities Department

1 Commerce Way, Suite 402

Little Rock, AR 72202



Inquiries should be addressed to:

David M. George (501)682-5451

david.george@arkansas.gov

 

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