Our work helps families move up the economic ladder by supporting initiatives that increase their financial understanding, help them develop financial plans and make informed decisions on financial products that meet their needs.
The ability to establish and maintain financial plans during times of uncertainty as well as prosperity is critical for people to remain financially stable. In 2004, Citi launched a 10-year, $200 million global commitment to financial capability. We have since become a global leader in supporting financial capability and asset-building programs such as budgeting, savings, money management and homeownership.
The Citi Foundation supports programs that help people take control of their finances by improving their financial behaviors, making informed decisions about financial products and services, and learning how to acquire and preserve their assets. The Citi Foundation recognizes that people's priorities differ throughout their lives, so we support programs that reflect the varying needs of young people, adults and families. Since the launch of our commitment, we have invested approximately $201 million in hundreds of financial capability programs and research that is critical to improving our effectiveness of our efforts.
Citi established a 10-year, $200 million global commitment to financial capability in 2004. Total funding to date provided by Citi and the Citi Foundation is approximately $201 million.