CalMoneySmart
Department of Financial Protection and Innovation · State of California
At a glance
CalMoneySmart is a closed California state grant opportunity from the Department of Financial Protection and Innovation (State of California). The application deadline was May 28, 2021. Total estimated funding is $1M. Applicant types listed as eligible include nonprofit. It is listed on the California Grants Portal. Cost sharing is not required.
Summary assembled from the official notice's fields. The official notice governs.
Key facts
- Apr 5, 2021Posted
- May 28, 2021Application deadline
- Opened
- Apr 5, 2021
- Close date
- May 28, 2021
- Award floor
- Not specified
- Award ceiling
- Not specified
- Est. total funding
- $1,000,000
- Expected awards
- Not specified
- Matching funds
- Not required
- Funding instrument
- Grant
Program details (as published on the California Grants Portal)
- Type
- Grant
- Funding source
- State — 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 for a total of $1M each fiscal year.
- Matching funds
- Not Required
- Funding method
- Advances & Reimbursement(s)
- Estimated number of awards
- Dependant on number of submissions received, application process, etc.
- Estimated award amounts
- Dependant on number of submissions received, application process, etc.
- Award period
- 2020-2025
- Expected award announcement
- August 1, 2021
- Letter of intent
- Not required
- Geography
- Grant funded program should focus on unbanked and underbanked households.
- How to submit
- Online: https://dfpi.ca.gov/calmoneysmart/
Who can apply
Applicant categories as listed on the California Grants Portal. GrantsJunction maps them to detailed applicant types for search and matching.
- Nonprofit
A quick check against the listed applicant types — other requirements in the notice still apply.
Based on the published notice. Review the official notice for complete eligibility requirements.
What it funds
Purpose and description as published on the California Grants Portal.
Purpose
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.
Description
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/
Past applications & awards
Historical data · not a predictionReported by the agency for this listing
- Fiscal year 2020–2195 applications · awards not reported
Program contact (as published)
Jeff Jelsma
calmoneysmart@dfpi.ca.gov
1-916-208-5716
Quick answers
Who is eligible to apply for “CalMoneySmart”?
The official listing names these applicant types as eligible: Nonprofit. Additional restrictions may apply; review the full guidelines.
How much funding is available through “CalMoneySmart”?
Per the notice, total estimated program funding is $1,000,000.
How do I apply for “CalMoneySmart”?
Applications go directly to Department of Financial Protection and Innovation, not through GrantsJunction. Submission: online at https://dfpi.ca.gov/calmoneysmart/. Read the program guidelines on the agency's site first; state programs set their own forms and registration requirements.