CalMoneySmart Grant Program

The California Department of Financial Protection and Innovation (DFPI) is now accepting applications for CalMoneySmart Grant Program, which will award a total of $2 million to nonprofits annually to provide free financial education and empowerment programs for people experiencing financial insecurity in California. Donor Name: Department of Financial Protection and Innovation (DFPI) State: California County: All Counties Type of Grant: Grant Deadline: 05/06/2024 Size of the Grant: $100,000 to $500,000 Grant Duration: 2 Years Details: Funding Information CalMoneySmart offers qualifying nonprofit organizations grants of up to $200,000. Grant Period Grant awards will be announced for a two-year period covering two consecutive fiscal years. Grant Funding Uses 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. Eligibility Criteria  To be eligible for a grant, an Applicant must meet the following criteria: The Applicant is exempt from federal income taxes under Section 501(c)(3) of the Internal Revenue Code and is organized and operated exclusively for one or more of the purposes described in Section 501(c)(3) of the Internal Revenue Code; and No part of the net earnings of the Applicant shall inure to the benefit of a private shareholder or individual. The Applicant must be in good standing with the Secretary of State of California and the state of the Applicant’s incorporation, if applicable. Submission of a satisfactory final report for any and all prior grant funding awarded by DFPI. For more information, visit DFPI.