PLATINUM2023

FOUNDATION FOR FINANCIAL PLANNING INC

Powering Pro Bono Financial Planning

aka FFP   |   Washington, DC   |  www.FFPprobono.org

Mission

The Foundation for Financial Planning's mission is to help people in need improve their financial lives by expanding access to pro bono financial planning. We envision a future in which all people can benefit from quality financial advice.

Ruling year info

1983

Chief Executive Officer

Mr. Jon Dauphiné Esq.

Main address

1425 K Street NW Suite 602

Washington, DC 20005 USA

Show more contact info

EIN

58-1446336

NTEE code info

Philanthropy / Charity / Voluntarism Promotion (General) (T50)

Financial Counseling, Money Management (P51)

Financial Institutions/Services (Non-Government Related) (W60)

IRS filing requirement

This organization is required to file an IRS Form 990 or 990-EZ.

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Communication

Programs and results

What we aim to solve

SOURCE: Self-reported by organization

Pro bono financial planning can change lives, giving people in serious need a chance to achieve financial stability. Wounded veterans, domestic violence survivors, people with serious illness and many others can benefit enormously from the expertise of financial planners who volunteer their time and talent to provide free, quality financial advice. Studies show that individuals with cancer often face “financial toxicity,” manifested by a mix of severe economic stress, depression and anxiety that can worsen the underlying health condition. Even with private health insurance or coverage through Medicare or Medicaid, families are at substantial risk of financial catastrophe. These families experience not only a major increase in daily expenses, but often a significant loss of income due to patients’ and their caregivers’ inability to maintain full-time work. We believe that financial planning can help.

Our programs

SOURCE: Self-reported by organization

What are the organization's current programs, how do they measure success, and who do the programs serve?

Pro Bono for Cancer Campaign

FFP’s Pro Bono for Cancer Campaign is raising funds to develop and support efforts around the country connecting cancer patients and their families to free, quality financial advice.

Population(s) Served
People with diseases and illnesses
Economically disadvantaged people

FFP is proud to expand our support of pro bono financial guidance programs in communities of color, helping connect more Black and Brown families to CERTIFIED FINANCIAL PLANNER® professionals during a time of economic uncertainty.

Population(s) Served
Ethnic and racial groups

The Retirement Resilience Program (RRP) reaches these vulnerable individuals with just-in-time information and personalized, expert guidance so they can be more financially resilient in the face of this crisis and better prepared as they approach retirement age and beyond. FFP has leveraged its relationship with the nation’s leading seniors organization to lead a powerful tech-enabled intervention that affords at-risk individuals the opportunity to receive pro bono consultations from CFP® professional volunteers regarding their personal financial circumstances.

Since RRP’s launch in 2019, FFP and its nonprofit partner have refined the program’s digital offerings, designing a virtual event series focused on key financial issues for lower income seniors, such as how to catch up on retirement savings and questions about Social Security. The events, marketed to underserved households, provide financial education to participants via webinar or tele-town hall and then enable them to connect

Population(s) Served
Seniors
Older adults

For years, FFP has had a special focus on helping the men and women who serve our country and their families. Over the past decade, we have awarded over $600,000 to nonprofits committed to developing and expanding financial planning programs for military and veterans.

Depending on organizational need and geographic location, there may be opportunities for CERTIFIED FINANCIAL PLANNER™ professionals to volunteer with our grantees or other nonprofits serving members of the military or veterans.

Population(s) Served
Economically disadvantaged people
Economically disadvantaged people
Economically disadvantaged people
Military personnel
People with disabilities

Where we work

Videos

Our results

SOURCE: Self-reported by organization

How does this organization measure their results? It's a hard question but an important one.

Total number of grants awarded

This metric is no longer tracked.
Totals By Year
Population(s) Served

Adults

Type of Metric

Output - describing our activities and reach

Direction of Success

Holding steady

Our Sustainable Development Goals

SOURCE: Self-reported by organization

Learn more about Sustainable Development Goals.

Goals & Strategy

SOURCE: Self-reported by organization

Learn about the organization's key goals, strategies, capabilities, and progress.

Charting impact

Four powerful questions that require reflection about what really matters - results.

The Foundation for Financial Planning is the only organization solely devoted to powering pro bono financial planning.

FFP focuses much of our grantmaking and other efforts on areas where we believe we can have the greatest impact, including programs for military and veterans, programs for people with cancer, and activating volunteers across the country. In 2022, FFP awarded more than $524,000 to local and national nonprofit organizations serving cancer patients, exonerees, domestic violence survivors, wounded veterans, widows, low-income families, and more. Through these grantees and our Retirement Resilience Program with AARP, FFP reached over 124,800 people in need, including 115,600 through financial capability workshops and webinars and over 9,200 through one-on-one financial planning sessions.

FFP’s Pro Bono for Cancer Campaign supports efforts around the country connecting cancer patients and their families to free, quality financial advice. Our goal is to test, refine and grow outstanding program models so that this work can be replicated and scaled, eventually helping thousands of families across the country.

FFP aims to mobilize the profession to adopt a tradition of pro bono service; increase financial capacity in order to grow our grant funding & program services; expand access to and impact of pro bono financial planning programs for at-risk individuals and families; and grow public awareness and visibility of FFP and pro bono financial planning.

Since our founding in 1995, FFP has funded pro bono programs in 39 states.

The pro bono work we make possible goes beyond financial literacy to provide one-on-one, free, quality guidance on people’s most challenging money issues. Our grants fund opportunities for personal interactions between volunteer financial planners and vulnerable people.

Through our nationally-driven programs, we award grants to a range of community-based and national nonprofits who serve these key groups and whose efforts can be replicated and scaled; Support the development of specialized program models, training tools, and more that can be shared among our grantees, establishing a “learning loop” that enables us to refine and improve programs over time; Help forge connections between volunteer planners interested in serving these groups and the nonprofit programs we support; Maximize the impact that pro bono financial planning can have on the unique challenges faced by these groups.

Over our history, FFP has supported the delivery of free financial guidance to more than 700,000 people in crisis or need. We’ve awarded grants totaling over $9.2 million to national and community-based organizations in 38 states.

How we listen

SOURCE: Self-reported by organization

Seeking feedback from people served makes programs more responsive and effective. Here’s how this organization is listening.

done We shared information about our current feedback practices.

  • How is your organization using feedback from the people you serve?

  • Which of the following feedback practices does your organization routinely carry out?

  • What challenges does the organization face when collecting feedback?

Financials

FOUNDATION FOR FINANCIAL PLANNING INC
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Operations

The people, governance practices, and partners that make the organization tick.

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Connect with nonprofit leaders

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Connect with nonprofit leaders

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  • Analyze a variety of pre-calculated financial metrics
  • Access beautifully interactive analysis and comparison tools
  • Compare nonprofit financials to similar organizations

Want to see how you can enhance your nonprofit research and unlock more insights? Learn More about GuideStar Pro.

FOUNDATION FOR FINANCIAL PLANNING INC

Board of directors
as of 04/11/2023
SOURCE: Self-reported by organization
Board chair

Mr. Ben Harrison

Bernie Clark

Schwab Advisor Services

Alexandra Armstrong

Armstrong, Fleming & Moore, Inc.

Eric Grey

Capital Group

Rohit Mahna

Fidelity Investments

Terri Fiedler

AIG Financial Distributors

Ben Harrison

Pershing Advisor Solutions

Dave Yeske

Yeske Buie Inc.

Anthony Svach

BlackRock

Eric Clarke

Orion Advisor Solutions, LLC

Jeff Concepcion

Stratos Wealth Partners, Ltd.

Marty Kurtz

The Planning Center

Jocelyn Wright

The Ascension Group

Ed Walters

Lincoln Financial Group

Steve Larson

T. Rowe Price Group

Yonhee Gordon

JMG Financial Group

Scott Kahan

Financial Asset Management

Kalita Blessing

Quest Capital Management

Gabriel Garcia

SEI

Erica James

Signify Wealth

Kristin Pugh

Creative Planning

Hussain Zaidi

Budge

Board leadership practices

SOURCE: Self-reported by organization

GuideStar worked with BoardSource, the national leader in nonprofit board leadership and governance, to create this section.

  • Board orientation and education
    Does the board conduct a formal orientation for new board members and require all board members to sign a written agreement regarding their roles, responsibilities, and expectations? Yes
  • CEO oversight
    Has the board conducted a formal, written assessment of the chief executive within the past year ? Yes
  • Ethics and transparency
    Have the board and senior staff reviewed the conflict-of-interest policy and completed and signed disclosure statements in the past year? Yes
  • Board composition
    Does the board ensure an inclusive board member recruitment process that results in diversity of thought and leadership? Yes
  • Board performance
    Has the board conducted a formal, written self-assessment of its performance within the past three years? No

Organizational demographics

SOURCE: Self-reported; last updated 2/23/2023
info Candid has made improvements to the race and ethnicity options.

Who works and leads organizations that serve our diverse communities? Candid partnered with CHANGE Philanthropy on this demographic section.

Leadership

No data

Race & ethnicity

No data

Gender identity

 

Sexual orientation

No data

Disability

No data

Equity strategies

Last updated: 07/14/2022

GuideStar partnered with Equity in the Center - an organization that works to shift mindsets, practices, and systems to increase racial equity - to create this section. Learn more

Policies and processes
  • We seek individuals from various race backgrounds for board and executive director/CEO positions within our organization.