Financial Empowerment for Veterans, Servicemembers, and their Families
On December 21, 2015, Treasurer Deb Goldberg and the Office of Economic Empowerment announced the creation of “Operation Money Wise,” a new grant opportunity for non-profit organizations, public agencies, and Massachusetts institutions of higher education to provide financial education to veterans, servicemembers, and their families. Prior to this announcement, Operation Money Wise was a free annual financial empowerment conference offered to the military community by the Office of the State Treasurer and Receiver General.
Military personnel, veterans, and their families face unique personal financial challenges. The purpose of this new grant is to provide non-profit organizations, public agencies, and colleges with the resources they need to offer their own financial education programming to this community in regions all across the state. Program topics designed to empower veterans, servicemembers, and their families can include (but are not limited to) money management, planning for college, and saving for retirement.
Grants will be awarded to applicants who can demonstrate that their services are innovative, comprehensive, impactful, and cost-effective. Grantees will receive detailed guidance, advice, and training from the Office of Economic Empowerment and the Operation Money Wise Steering Committee prior to offering their programming.