Indianapolis-based OneAmerica Financial Partners is investing $1 million to launch a financial education 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 foster economic empowerment and close the racial wealth gap.
The program, which will be funded over a five-year period, is described as an “educational and empowerment experiment” that will use the American College of Financial Services. OneAmerica says its investment will help bring the program to educational institutions and nonprofit organizations.
“Building on the enthusiasm we’ve seen from our OneAmerica Pathways students to deepen their understanding of personal finance, we see this program as an opportunity to provide an important financial education resource – one that can build a foundation for economic empowerment and wealth creation,” said OneAmerica CEO Scott Davison. “OneAmerica has an absolute commitment to impact and results, and we look forward to working with local nonprofits to deliver a program that creates an easily accessible path to financial education in central Indiana. “
OneAmerica says the Indiana program will eventually serve as a regional model, expanding collaborative efforts to include nonprofits, 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.