Bank of America is teaming up with Special Olympics Delaware to launch a "Better Money Habits" pilot program for people with disabilities.
The partners announced the pilot at the Special Olympics Delaware's 2018 Athlete Leadership Conference on May 19. The program will roll out nationally later this year.
The Better Money Habits program consists of a Basic Lesson Plan and an Achieving Financial Independence Plan. Both cover personal finance topics such as the importance of money and how to spend and save effectively.
"We are so proud to partner with Special Olympics on our new Better Money Habits program," said Chip Rossi, Delaware market president at Bank of America. "From supporting organizations like Special Olympics to employing over 300 people with intellectual disabilities through our Support Services team, our mission is to help foster communities where everyone can thrive. Helping all people learn about personal finance and achieve financial stability "“ regardless of ability "“ is an important part of that goal."
Bank of America selected Special Olympics Delaware to lead the pilot in Delaware. The nonprofit will train volunteers to teach the lesson plans to athletes involved with the Special Olympics.
"We are thrilled to work with Bank of America on this new program," said Ann Grunert, executive director at Special Olympics Delaware. "Having access to financial education is crucial for a successful future, and these lessons will help empower people with disabilities to reach their fullest potential in both their finances and their lives as a whole."
