# CISI launches global foundation with aim of improving financial literacy skills

- Link: https://fundraising.co.uk/2022/04/05/cisi-launches-global-foundation-with-aim-of-improving-financial-literacy-skills/
- Published: 2022-04-05T09:35:00+01:00
- Author: Melanie May

**The Chartered Institute for Securities & Investment (CISI) has launched new global
initiative, the CISI Future Foundation.**

The not-for-profit professional body, which has 45,000 members in over 100 countries
spanning wealth management, financial planning and capital markets, is allocating
£2.5 million of its reserves to the Future Foundation.

The objective of the[ CISI Future Foundation](http://www.cisifuturefoundation.org)
is to improve financial literacy skills and the experience and outcomes of financial
learning through the provision of grants.

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The Foundation will offer funding to partner with existing organisations, both in
the UK and internationally, to work with young people from disadvantaged backgrounds,
on new programmes or initiatives which align with the Foundation’s objective of 
increasing financial literacy.

The Foundation has its own governing structure separate from the CISI, with Nick
Swales, DL, Chartered FCSI, Regional – Director North East, Rathbone Investment 
Management Ltd acting as the Chair.

The Board of Trustees will have between three and nine positions. Up to three of
these positions are appointed by the Board of CISI and are filled by Alan Ramsay
FCSI(Hon), CISI Deputy Chairman, Chief Executive, IPSX, Fionnuala Carvill, Chartered
FCSI, FCIB, FCIS, Non-Executive Director, Investec Bank (Channel Islands), and Debbie
Clarke, Chartered MCSI, Managing Director, New Clarke Ventures.

The remaining positions are now being recruited for from the CISI membership base,
and there will be at least [two independent Trustees](https://www.cisi.org/cisiweb2/cisi-website/forms-2022/nomination-form-future-foundation).

Simon Culhane, Chartered FCSI, CISI CEO said:

> “We are delighted to be launching our Future Foundation. Building young people’s
> learning and engagement with financial literacy and money management is an investment
> in their own personal financial futures. The CISI has offices and representatives
> in Qingdao, Barcelona, Dubai, Dublin, Lagos, Mumbai, Nairobi and Manila and 70
> CISI staff in Colombo, Sri Lanka. The Foundation is therefore keen to consider
> initiatives and programmes from globally based organisations which match its values
> and objectives.”

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