May 25, 2018
Fifteen Mass. Nonprofits Receive $535K for Financial Literacy

April 8, 2017 — Citizens Bank last week announced that it granted $535,000 to 15 nonprofit organizations in Massachusetts that help teach and promote financial literacy in local communities.

“Learning how to manage money is the first step individuals can take in achieving their financial goals,” said Jerry Sargent, president, Citizens Bank, Massachusetts. “With Citizens Helping Citizens Manage Money, we are providing resources to give our fellow citizens the confidence and tools they need to budget, save, invest and be fiscally healthy.”

Receiving the funds were the following:
  • Boston Children's Museum, South Boston: $50,000 to support Money Matters 2.0, a financial literacy program for children in grades K-3.

  • Camp Harbor View, Boston: $50,000 to support teaching financial literacy to the Leaders In Training (LIT) program (14-18 year olds), “bankers @ camp day,” and parent/family workshops.

  • Economic Empowerment Trust Fund, Boston: $30,000 to support the Women's Economic Empowerment Series, educational workshops that focus on wage negotiation, money management, retirement, and investment strategies for women.

  • Girl Scouts of Eastern Massachusetts, Boston: $35,000 to support the FaB Factor program, a financial literacy program for girls in grades K-12 living in under-served communities.

  • Local Initiatives Support Corporation, Boston: $30,000 to support Accelerate Boston, a unique business start-up program designed to foster a community of socially motivated business leaders from Roxbury, Dorchester, and Mattapan.

  • Massachusetts Affordable Housing Alliance, Dorchester : $30,000 to support the Homeownership University which provides homebuyers and homeowners counseling and resources.

  • Neighborhood of Affordable Housing, East Boston: $40,000 to support a financial literacy program designed to promote and preserve stable homeownership, educate families in financial capability coursework, and assist low-income families to find or retain rental housing.

  • The Neighborhood Developers, Chelsea: $30,000 to support CONNECT, a financial education program designed to help clients, who are primarily low-skilled immigrants, find a job, improve employment skills, and manage household finances.

  • Oak Hill CDC Neighborworks, Worcester: $20,000 to support financial literacy workshops that cover budgeting, foreclosure prevention, money management, credit repair, bankruptcy support and asset rebuilding services.

  • Teach for America, Boston: $25,000 to support the Financial Education Series, a financial literacy program that will equip teachers with the skills and training they need for the classroom.

  • uAspire, Boston: $50,000 to support “Afford” and “Succeed”, financial literacy programs that provide students and families with information and support to make informed financial decisions about higher education.

  • United Way of Massachusetts Bay and Merrimack Valley, Boston, Merrimack Valley: $40,000 to support the Financial Empowerment Learning Institute, which offers introductory and advanced sessions in financial coaching.

  • Urban Edge Housing Corporation, Roxbury : $30,000 to support financial literacy programs for participants of First-Time Homebuyer Classes and Credit Counseling Boot Camp sessions.

  • Urban League of Eastern Massachusetts, Roxbury: $25,000 to support the Dollars & Sense Financial Program that will teach basic budgeting, banking, credit management/repair, and asset building skills to 220 adults.

  • Way Finders, Springfield: $50,000 to support the Financial Capabilities Program, which helps low and moderate income residents of western Massachusetts progress along the path to economic self-sufficiency and independence.

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