Money Masters Scholarship Program

last updated on Monday, July 31, 2023 in Community Development

FHLBank Indianapolis is proud to announce the Money Masters Scholarship Program — a community engagement and financial literacy program sponsored by our organization. Applicants can either be an FHLBank Indianapolis member financial institution or local community organization with a focus on youth (e.g., youth organizations, charter schools, community youth organization/foundations or non-profit organizations with youth programming). FHLBank Indianapolis will assist with identifying a partner organization for any applicant; the member financial institution and local community organization would partner to deliver an in-person, financial education curriculum in a classroom setting. The program is focused on rising seniors, but it is open to any community organization that focuses on young adults.

FHLBank Indianapolis will award up to $25,000 per year to each member institution/youth organization partnership formed for the benefit of the student scholarship recipients. These awards will be made annually for a three-year period. The scholarship funds will be used to fund bank accounts with the designated member institutions for award recipients to access for discretionary expenses. 

Contact Marchelle Costa, AVP, Associate Director, HR-Diversity, Equity & Inclusion, at for more information.