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Office of Economic Empowerment

Economic Empowerment Trust Fund

The goal of the Economic Empowerment Trust Fund is to promote the long-term economic security and stability of all Massachusetts residents.

The Economic Empowerment Trust Fund (EETF) was created pursuant to Section 31 of Chapter 46 of the Acts of 2015. It represents an expansion of the missions of the Financial Literacy Trust Fund and the Commonwealth Covenant Fund, both of which were recognized as 501(c)(3) non-profit organizations. Funding for the Trust Fund comes from appropriations from the Commonwealth, grant funding, and charitable/private contributions.

The EETF Board is led by Treasurer and Receiver General Deborah B. Goldberg and is comprised of members of executive and constitutional offices, public servants, and leaders in business and education.

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Mission Statement

The Economic Empowerment Trust Fund goal is to promote the long-term economic security and stability of all Massachusetts residents. Its mission is to educate and provide the resources and opportunities for people of all-ages to empower themselves, with access to the knowledge and tools to make informed decisions throughout their lives. Through the Trust Fund, in collaboration with other public agencies and community based organizations, we create and support programs, policies, and capacities to achieve these goals. Our priorities include financial education, closing the race and gender wage gap, racial equity, college affordability, and promoting STEM education. Programmatic goals of the Trust Fund are implemented through the Massachusetts Treasurer’s Office of Economic Empowerment.

As amended on December 7, 2020

Members

Deborah B. Goldberg
Chair, Economic Empowerment Trust Fund
Treasurer and Receiver General of Massachusetts

Emily Torres-Cullinane
Chief of Community Engagement Division, Office of the Attorney General

Britte McBride
Chief of Staff & Assistant General Counsel, Office of Consumer Affairs & Business Regulation

Todd Ostrowski
Middle School Personal Finance and Math Teacher, Ludlow Public Schools
Department of Elementary and Secondary Education

Tom Moreau
Assistant Secretary for Policy and Planning, Executive Office of Education, Commonwealth of Massachusetts

Jacquie McPherson, AICP
Senior Program Manager, Executive Office of Economic Development/MassWorks, Commonwealth of Massachusetts

Dr. Yvonne Spicer
Former Mayor, City of Framingham

Dr. Charles F. Desmond
Senior Fellow, New England Board of Higher Education

Elizabeth Barajas-Román
President & CEO, Women's Funding Network

Roy Belson
Former Superintendent, Medford Public Schools

Dr. Ellen Kennedy
President, Berkshire Community College

Dr. Evelyn Murphy
Former Lieutenant Governor of Massachusetts
Founder and President, The WAGE Project, Inc.

Marybeth R. Breed, CFP®
President & Community Outreach Director, Financial Planning Association of New England

Jamie Eldridge*
State Senator

Steven Ultrino*
State Representative

Daniel Ryan*
State Representative

Michael A. Prisco*
Vice-Chair, North Reading Board of Selectmen
Co-Founder, Capri Private Equities, LLC

Raichelle Kallery*
Senior Vice President/Senior Retail Banking Officer, The Savings Bank