CalMoneySmart is a grant program created by Senate Bill 455 (Ch. 478, Stats. 2019), which established the Financial Empowerment Fund. Through this program, the Department of Financial Protection and Innovation (DFPI) offers grants of up to $100,000 each to develop and deliver free financial education and empowerment programs to help unbanked and underbanked communities.
The grants may be used to:
Design, develop, or offer free classroom or web-based financial education and empowerment content intended to help unbanked and underbanked consumers achieve, identify, and access lower-cost financial products and services, establish or improve their credit, increase their savings, or lower their debt.
Provide individualized, free financial coaching to unbanked and underbanked consumers.
Design, develop, or offer a free financial product or service intended to help unbanked and underbanked consumers identify and access responsible financial products and financial services, establish or improve their credit, increase their savings, or lower their debt.
More information on the grant can be found here https://dfpi.ca.gov/calmoneysmart/
Grant funded program should focus on unbanked and underbanked households.
How to Apply
State agencies/departments recommend you read the full grant guidelines before applying.
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