Indianapolis-based OneAmerica Financial Partners is investing $1 million to launch a financial literacy program in central Indiana. OneAmerica says the program, a collaboration with The American College of Financial Services, will teach participants personal finance concepts that will help drive economic empowerment and narrow the racial wealth gap.
The program, which will be funded over a five-year period, is described as an “education and empowerment experience” that will use The American College of Financial Services’ e-learning model and financial wellness curriculum. OneAmerica says its investment will help deliver the program to education institutions and nonprofits.
“Building on the enthusiasm we have seen with our OneAmerica Pathways students to delve deeper into understanding personal finance, we view this program as an opportunity to provide an important financial education resource – one that can establish a foundation for economic empowerment and wealth building,” said OneAmerica Chief Executive Officer Scott Davison. “OneAmerica has an absolute commitment to impacts and outcomes, and we’re eager to work with local nonprofit organizations to deliver a program that creates a readily available path to financial education in Central Indiana.”
OneAmerica says the Indiana program will eventually serve as a regional model, expanding collaborative efforts to include nonprofit organizations, as well as colleges and universities.
OneAmerica and its partners, which also include Martin University and Ivy Tech Community College, plan to launch the program in August.