Operation Money Wise Grant Expands Financial Literacy for Military Families and Veterans
BOSTON — Treasurer Deb Goldberg today announced a new financial literacy initiative for military families and veterans. Through Goldberg’s Office of Economic Empowerment and Operation Money Wise, the Financial Education Opportunity Grant will help fund non-profit organizations, public agencies and higher education institutions in Massachusetts that provide services and programs for active military members, veterans and their families.
"The military community faces many unique challenges when it comes to financial stability,” said Treasurer Deb Goldberg. “I am honored to develop a grant that specifically supports the men, women and families who help keep our country safe and have sacrificed so much for our protection and freedom.”
The newly funded grant aims to increase the scope of financial education for military personnel and their families. Regional conferences and workshops will provide lessons on how to achieve economic stability through strategy sessions on money management, college planning, retirement preparation and basic consumer decision-making.
Applicants may request up to $5,000 for their programs through the Treasurer’s Economic Empowerment Trust Fund. The Trust Fund is a 501(c)(3) non-profit organizations that facilitates economic empowerment across the Commonwealth by supporting and promoting wage equality, establishing financial literacy programs, creating college savings accounts, and establishing college and career readiness programs in the fields of science, technology, engineering and math (STEM).
The application for the Operation Money Wise: Financial Education Opportunity Grant is available on the State Treasurer’s Office of Economic Empowerment website at www.mass.gov/treasury/moneywise. The application deadline is February 8, 2016.
Treasurer Goldberg created the Office of Economic Empowerment (OEE), led by a deputy treasurer, with the deliberate goal of implementing a range of economic empowerment initiatives, including closing the gender wage gap, increasing access to financial education, improving college affordability, and investing in STEM careers and education.