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Financial Literacy Planning and Implementation Grant

Grants to Massachusetts LEAs for
K-12 Financial Education Programs

Agency Type:

State

Funding Source:

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Massachusetts Department of Elementary and Secondary Education (DESE)

Deadline Date:

12/11/19 5:00 PM

Description:

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Grants of up to $50,000 to Massachusetts local educational agencies to provide financial education programs in K-12 schools. Funding is intended for the development and implementation of financial literacy curriculum and learning experiences. The purpose of the program is to equip students with the necessary skills to be informed and productive participants in society.

LEAs may integrate financial literacy across grades K–12 in a variety of subjects such as mathematics, history and social science, technology, advisory, or business. At the high school level, the Standards for Personal Financial Literacy enumerated in the 2018 History and Social Science Curriculum Framework may be used as a stand-alone course or incorporated into a variety of subjects (page 173).

Grants will support professional learning and the development and or/selection of materials and curriculum that equip teachers to fully and effectively implement the personal financial literacy standards. The intended outcomes of this grant are for districts to deepen their understanding of the standards, adopt high-quality standards-aligned curricular materials, and provide meaningful learning experiences for students relating to financial literacy.

DESE seeks funding proposals that:

  • Align materials, curriculum, professional development, and experiential learning opportunities to the concepts outlined in Chapter 438 of the Acts of 2018 and the Standards for Personal Financial Literacy, such as: earning and spending income; online commerce; the rights and responsibilities of renting or buying a home; saving money; using credit, credit card debt, and making investments; balancing a checkbook; state and federal taxes; and protecting and insuring assets.
  • Develop knowledge and skills relating to financial literacy at any grade level, K–12.
  • Increase equitable access to financial literacy

LEAs must propose at least one of the following activities to be eligible for funding:

  • Curriculum Development
  • Curriculum Implementation and Professional Development
  • Financial Literacy Experiential Learning 

GrantWatch ID#:

GrantWatch ID#: 136436

Estimated Total Program Funding:

$250,000

Estimated Size of Grant:

LEAs may apply for up to $15,000 to support curriculum development, curriculum selection, professional development, and experiential learning.

Term of Contract:

Project Duration: Upon Approval – 6/30/2020

Additional Eligibility Criteria:

All Massachusetts Local Education Agencies (districts, charter schools, and Collaboratives) are eligible to apply for this grant.

LEAs will be given competitive priority in scoring for each of the following eligibilities:
- LEAs with schools identified as requiring assistance according to the state accountability system
- LEAs with greater than 40% of the student population qualifying as economically disadvantaged

Fund restrictions:
- No funds may be dedicated toward administrator salaries.
- No greater than 5% of funds may be dedicated toward administrative costs associated with the grant.

Pre-Application Information:

Date Due: Wednesday, December 11, 2019

All Proposals must be received at the Department by 5:00 p.m. on the date due.

Contact Information:

Before starting your grant application, please review the funding source's website listed below for updates/changes/addendums/conferences/LOIs.

Email applications to Cecelia Spencer: cecelia.spencer@doe.mass.edu

Cecelia Spencer can also be reached at (781) 338-6243.

Funding or Pin Number:

104

URL for Full Text (RFP):

Geographic Focus:

USA: Massachusetts