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The State Treasurer’s Office of Economic Empowerment (OEE), the Division of Banks (DOB), and the Office of Consumer Affairs and Business Regulation (OCABR) announced the recipients of the 2023 Operation Money Wise grants, one of which was Tri-Valley, Inc., which received $5,000, is a private, non-profit agency providing information, referrals, and care management for in home and community services in Central Massachusetts. The agency includes Franklin in its service area.
The grants provide the resources to non-profit organizations, public agencies, and higher education institutions that serve the military community in Massachusetts for financial education programming.
This year, the 14 organizations included will create new or expand existing financial programs. In total, these groups were awarded $64,432 made possible through a Division of Banks settlement over alleged unlawful lending practices.
The other 2023 grant recipients in addition to Tri-Valley, are:
Organization Amount Requested
American Consumer Credit Counseling $5,000.00
Bridgewater State University $4,849.00
Cape and Islands Veterans Outreach Center $5,000.00
Joe Q Veteran Coffee Break, Inc $5,000.00
LifePath $5,000.00
Montachusett Veterans Outreach Center $1,500.00
Mount Wachusett Community College $3,883.00
North Shore Community College $4,200.00
Regis College $5,000.00
Somerset Veterans Office $5,000.00
Town of Leicester $5,000.00
Veterans Legal Services $5,000.00
YMCA Southeastern Massachusetts $5,000.00
Total:
$64,432
“Our Operation Money Wise grants support Massachusetts veterans and their families with the education and information they need to improve their uniquely challenging financial situations,” said State Treasurer Deborah B. Goldberg. "This year’s grantees will offer important, timely resources that help bring increasing economic stability to the servicemembers who dedicate their lives to keeping our country safe.”
“By investing in the financial futures of our military members and their families, we are investing in Massachusetts,” said Layla R. D’Emilia, Undersecretary for the Office of Consumer Affairs and Business Regulation. “Through these grants, we have an exciting opportunity to provide tools that contribute to veterans’ long-term success.”
“It is our hope that through Operation Money Wise, the military community has more access to the education that is vital in securing financial wellness,” said Mary Gallagher, Commissioner of Banks. “The recipients of this year’s Operation Money Wise grant will create or expand upon financial programming tailored specifically to the needs of Massachusetts veterans, and our teams are thrilled that this grant serves veterans in communities across the state.”
Since 2016, Operation Money Wise has provided over $270,000 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.
