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Financial Literacy Planning and Implementation Grant

Grants to Massachusetts Local Educational
Agencies 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:

02/24/21 5:00 PM Receipt

Description:

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Grants of up to $15,000 to Massachusetts local educational agencies for financial education programs in K-12 schools. Funding is intended for the development and implementation of financial literacy curriculum and learning experiences. Funding may be used for financial literacy experiential learning, curriculum development, and curriculum implementation and professional development.

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
  • Lead to sustainable improvements in financial literacy programming.

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
  • Funding proposals that develop financial literacy knowledge and skills across multiple grade bands (i.e., more than one of the following: K–3, 4–6, 7–8, 9–10, 11–12)

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 

For more information on eligible grant activities and expenses, see the URL for full text link below.

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.

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 – 6/30/2021
*Pending Legislative approval and successful utilization of prior funding, funding may also carry over the summer (7/1/2021–8/31/2021). Applicants will be notified with further instructions and required to submit all required documents.

Additional Eligibility Criteria:

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

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, February 24, 2021

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

Applicants will receive a confirmation when the required forms are received. Early submission is strongly encouraged in order to ensure the complete application is received and confirmed by 5pm on the due date.

2018 History and Social Science Curriculum Framework: https://www.doe.mass.edu/frameworks/current.html

Contact Information:

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

Please email the three required documents, attached to a single email, to instructionalsupport@doe.mass.edu, using the subject line FC104 Proposal from [Entity name].

Program Contact:
Reuben Henriques
reuben.f.henriques@mass.gov
(781) 338-6237

Massachusetts Department of Elementary and Secondary Education
75 Pleasant Street, Malden, MA 02148-4906
Voice: (781) 338-3000
TTY: (800) 439-2370

Funding or Pin Number:

Fund Code: 104

URL for Full Text (RFP):

Geographic Focus:

USA: Massachusetts

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