- Office of State Treasurer and Receiver General Deborah B. Goldberg
- Office of Consumer Affairs and Business Regulation
- Division of Banks
Media Contact for Grant Applications Process for Financial Literacy Programs for Veterans and their Families is Now Open
Carolyn Assa, Director of Communications, Office of Consumer Affairs and Business Regulation
Boston — The Massachusetts Division of Banks (DOB), in partnership with the State Treasurer’s Office funds Operation Money Wise: Financial Education Opportunity Grants to support non-profit organizations, public agencies, and Massachusetts higher education institutions to increase financial education programming for military personnel and their families. The grant funding application process for financial literacy programs for military families is now open and continues through March 12, 2020.
“These financial literacy grants provide our veterans and their families with the education needed to make informed decisions and achieve financial security,” said Treasurer Deborah Goldberg. “I am honored to support these programs that help bring economic stability to the men and women who have given so much to protect our country.”
“Members of the military put their lives on the line for us every day. Operation Money Wise is a commitment to them, and their families, to provide training that offers the skills necessary to lead financially independent lives. It is our small way of saluting them for their great sacrifice,” said Undersecretary of Consumer Affairs and Business Regulation Edward A. Palleschi.
Operation Money Wise is funded entirely through a Division of Banks settlement over alleged unlawful lending practices. This marks the third successful year for Operation Money Wise, and the program has awarded $100,000 in grants since its inception. The Division of Banks has committed $75,000 for this third round in 2020.
“The military community faces unique challenges when it comes to financial stability. It is our hope that these grants will empower our military community and their families to continue to make informed financial decisions,” said Commissioner of Banks Mary L. Gallagher. “It is a small way for us to thank military personnel and their families for all they do for our nation.”
This grant empowers organizations to use their knowledge and expertise to design 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 monetary decision-making.
Non-profit organizations, public agencies, and higher education institutions located in Massachusetts are eligible to be considered for awards of up to $5,000. Completed applications must be submitted to the Office of the State Treasurer by 5:00 P.M. on March 12, 2020, for consideration of an Operation Money Wise award. Grantees will be notified in April.
The application for the Operation Money Wise program is available online at www.mass.gov/how-to/apply-for-operation-money-wise.