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Partnering MoneySense: for schools, workplaces and communities

MoneySense invites you to partner us to bring financial literacy education to various segments of the population.

Find out how we can work together to help consumers acquire the knowledge and skills to manage their finances, make prudent financial decisions, and plan for their longer term needs.

Talks for employees and community groups
The MoneySense–Singapore Polytechnic Institute for Financial Literacy (IFL) offers free talks and workshops on basic money management, financial planning, and personal investing.

For more information on the talks and workshops, you can visit the IFL website.

The Institute can also conduct free talks or workshops at your premises.

If you're interested in arranging for a talk, write to the Institute at ifl@spe.sg. You can contact us at moneysense@mas.gov.sg if you would like to explore a topic which is currently not available at the Institute.

For schools: Financial literacy games and workshops
Since January 2004, financial education messages have been delivered through appropriate subjects in schools' curriculum, such as Civics and Moral Education, and Social Studies, at the Primary and Secondary levels.

We encourage schools to supplement these by organising financial literacy games and workshops for their students. Many schools have done this by engaging vendors to deliver the programmes.

Your school may apply for co-funding from MoneySense to defray some of the costs if the programmes selected meet MoneySense's criteria.


Co-funding: who is eligible

To apply, you need to meet these criteria:

  • The school is registered with the Ministry of Education (MOE).
  • The programme encourages students to build some or all of the core financial capabilities as well as knowledge in at least one of the three tiers of financial literacy defined by MoneySense.
  • The programme is run by an eligible vendor. See the list of eligible vendors.
  • The programme has not started and will not start for another eight weeks from the date of application to allow sufficient time for the evaluation of the application.

We will review each application and advise the school on whether its application is approved. We will also consider other factors, such as:

  • Whether the students of the applicant have attended other financial literacy programmes in the last year
  • The amount of funds MoneySense has provided to the school thus far
  • Whether the proposed programme includes longer-term plans to build capabilities within the community
  • Whether there are similar programmes currently offered on a complimentary basis by MoneySense volunteers, etc

How much co-funding you can get

MoneySense typically co-funds up to 50% of the net qualifying expenses, subject to a cap of $25 per participating student. The net qualifying expenses refers to the total cost of the programme minus fees (payable in cash and/or Edusave) charged to participating students.

As a special concession, MoneySense also co-funds up to 80% of the fees charged to a participating student if the student is on the MOE Financial Assistance Scheme.

How to apply for co-funding

A school can apply for co-funding. To apply:

  1. Download the Investor Education Scheme (IES) form.
  2. Complete the IES form. See things to note when completing the IES form.
  3. Submit the  completed IES form and any attachments to moneysense@mas.gov.sg.

We will evaluate the application and inform the school if its application is approved. Applications should be submitted at least four to six weeks before the commencement of programme.

Where an application is approved, we will send a letter of offer and acceptance to the school.

Schools are advised to read through the terms and conditions in the letter of offer and acceptance. If the school is agreeable to the offer, the school should send the acceptance form with an authorised signature and school stamp to the same address as above.

Note: Vendors are not allowed to apply on behalf of schools.

How to claim reimbursement

MoneySense's co-funding works on a reimbursement basis. In other words, the school will have to pay the vendor first.

After the programme is completed, the school will need to submit the following to the MoneySense Secretariat:

  • Claims forms (these would have been mailed to you upon programme approval, together with the Letter of Offer)
  • Certified true copy of the invoice billed to the school
  • Evaluation report/feedback for the programme
  • Students attendance lists

After receiving all relevant documentation from the school, we will process the payment.

How long it takes

The process usually takes about three months. It may take longer if there are discrepancies in the information in the invoice, evaluation report or feedback, and school’s co-funding application. Please contact moneysense@mas.gov.sg for any queries relating to school funding application matters.

For vendors: Apply to be an eligible vendor
If you are a vendor providing financial literacy programmes for schools, you can apply to be included in MoneySense's list of eligible vendors.

Who is eligible

To be eligible, a programme needs to meet these criteria:

  • Encourage students to build up some or all of the core financial capabilities as well as knowledge competencies in at least one of the three tiers of financial literacy defined by MoneySense (Tier 1: Basic money management; Tier 2: Financial planning; Tier 3: Investment know-how)
  • Does not promote or endorse a specific financial institution, its products and services, or membership of an industry association
  • Is targeted at individuals and is suitably pitched for the target audience
  • Is delivered by well-qualified practitioners with the requisite experience and expertise

How to apply

You will have to first invite MoneySense and MOE to assess your financial literacy programme for schools (this will be conducted without MoneySense funding).

To apply:

  1. Let us know the proposed date of the programme at least one month in advance.
  2. Once we have confirmed our attendance on the date of assessment, send us the following documents:
    • Programme outline, including topics covered, delivery mechanism and evaluation method (whether this involves any initial or post programme survey done by students)
    • Company’s profile and information
    • A list of current trainers with their CV and IC number stated

Please submit the documents and any attachments to moneysense@mas.gov.sg.

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