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Press Release

Press Release 2022 Operation Money Wise Grant Recipients

For immediate release:
5/27/2022
  • Division of Banks
  • Office of Consumer Affairs and Business Regulation
  • Office of Economic Empowerment

Media Contact for 2022 Operation Money Wise Grant Recipients

Andrew Napolitano, Deputy Communications Director

Boston, MassachusettsToday Treasurer Goldberg’s Office of Economic Empowerment (OEE), the Office of Consumer Affairs and Business Regulation (OCABR), and the Division of Banks (DOB) announced the recipients of the 2022 Operation Money Wise: Financial Opportunity Grant awards. This grant opportunity provides funding for financial education programs created for the Massachusetts Military, Veteran, Family, and Survivor Community (MVFSC).

A total of nine Massachusetts organizations will receive funding to establish new or improve pre-existing financial education programs. A total of $43,900 will be granted for these programs. This year’s groups comprise non-profit organizations and higher education institutions in cities and towns across the state.

These programs will serve veterans and their families (including Gold Star families), veterans experiencing housing insecurity, and active-duty service members. Funding is possible through a Division of Banks settlement over alleged unlawful lending practices.

The 2022 grant recipients are:

Organization 

Amount Requested 

American Consumer Credit Counseling Inc.

$5,000

Cape Cod Military Support Foundation

$4,800

Military Friends Foundation

$5,000

Lifepath

$5,000

Mount Wachusett Community College

$4,150

Quincy College

$4,950

Springfield Partners for Community Action

$5,000

Veteran Legal Services, Inc.

$5,000

YWCA Southeastern Massachusetts

$5,000

Total

$43,900

 

“Operation Money Wise is our way of helping Massachusetts veterans and their families receive the financial education and information they need to improve their unique financial situations”, said State Treasurer Deborah B. Goldberg. “This year’s grant recipients will offer timely resources, workshops, and seminars tailored specifically for the military community.”

“With this funding, we are proud to support efforts that increase financial literacy in the Military, Veteran, Family, and Survivor Community. Operation Money Wise directly helps organizations assist veterans and their families, and the 2022 grant recipients share our passion for supporting Massachusetts veterans.” said Edward A. Palleschi, Undersecretary for the Office of Consumer Affairs and Business Regulation, whose office oversees the Division of Banks.

“This year’s recipients of the Operation Money Wise Grant represent a diverse group of organizations that will serve the Massachusetts veteran and military community across the state,” said Mary Gallagher, Commissioner of Banks. “With such a wide array of programs and resources offered by these groups, we hope veterans and their families will be able to improve their financial knowledge.”

Since 2016, Operation Money Wise has provided over $200,000 in funding for financial education programs offered by veteran-serving non-profit organizations, public agencies, and higher education institutions. This grant opportunity allows organizations to use their knowledge and expertise to design or enhance a program that would best serve their community. Many of these workshops will include strategy sessions on basic budgeting, managing debt, preparing for retirement and decisions around money.

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Media Contact for 2022 Operation Money Wise Grant Recipients

Division of Banks 

The Division of Banks (DOB) is the chartering authority and primary regulator for financial service providers in Massachusetts. DOB's primary mission is to ensure a sound, competitive, and accessible financial services environment throughout the Commonwealth.

Office of Consumer Affairs and Business Regulation 

The Office of Consumer Affairs and Business Regulation protects and empowers consumers through advocacy and education, and ensures a fair playing field for the Massachusetts businesses its agencies regulate.

Office of Economic Empowerment 

The Office of Economic Empowerment (OEE) is a department within the Office of the Treasurer and Receiver General of Massachusetts tasked with offering free and accessible financial education, promoting wage equality, and creating a bright future for children across the state.
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