Two Long Island nonprofits were awarded $15,000 each as the winners of the first annual Capital One Bank's Financial Literacy Challenge last night.
Literacy Nassau, Inc. of Freeport and South Oaks Hospital in Amityville were recognized for implementing successful financial literacy education programs; the award money will go towards continuing the efforts.
The two nonprofits were selected from a finalist group of 25 organizations, which each received $5,000 last September to run a financial literacy program through this month.
Literacy Nassau, which tutors and helps adults who read below a 6th grade level, ran a prgoram that helped its students learn how to increase savings and budget more wisely. South Oaks Hospital, part of the North Shore-LIJ Health System, used its Career and Educational Counseling Center to offer students with disabilities financial literacy training through classroom lessons and work experience.
Capital One will be continuing the program next year. Nonprofits interested can apply at www.capitalone.com/FLC.