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Grants and Other Financial Assistance Programs: FY2013

Financial Literacy Pilot Program
Fund Code: 740

Purpose: The purpose of this competitive, state-funded Financial Literacy Pilot Program Grant is to support high schools in the Gateway municipalities to plan and pilot financial literacy programs that engage high school students in developing personal financial knowledge and skills for college and career readiness. Specifically, this first-year planning grant is for teams of educators to work together: to develop a financial literacy program that aligns with the 2011 Massachusetts Curriculum Framework for Mathematics and the Economic Education Council's National Standards for Financial Literacy, to describe the conditions/resources necessary for piloting and evaluating the program in the next school year (2013-2014), and to define the contributions and responsibilities of high school staff members and community partners for all aspects of the program.
Priorities: Priority will be given to proposals that:
  • Address accessibility for all students and are inclusive of all achievement levels;
  • Include a research design to demonstrate program effectiveness;
  • Provide for sustainability with a scalable strategic plan; and
  • Include a community financial organization(s) as (a) partner(s), including those willing to provide matching funds.
Eligibility: Eligibility is limited to districts that are located in Gateway municipalities as defined by section 3A of chapter 23A of the Massachusetts General Laws. Refer to Additional Information for the list of eligible districts.
Funding: A total of $200,000 is available for this grant program in FY13. Approximately $20,000 is available per school in FY13. This is the initial phase in the development of a 3-year pilot program for 10 public high schools on financial literacy education for implementation in the school year beginning in 2013. Subsequent years will be pending availability of funds.
Fund Use: Funds may be used for:
  • Stipends for educators to:
    • participate in professional development in financial literacy e.g., workshops, seminars, etc. (This may be in the form of substitutes or stipends.);
    • participate in financial literacy team meetings;
    • co-plan the pilot program;
    • evaluate, review, select and/or develop curricular materials; and
    • develop criteria for evaluation of the program.
  • Materials, supplies, and technology (for trainings or professional development)
  • Purchase of student classroom materials
  • Substitutes
  • Consultants
  • Travel/mileage (in-state)
Funds may not be used for:
  • Salaries
  • Out-of-state travel
  • Fringe benefits
  • Food or beverages
Project Duration: Upon approval - 6/30/2013
Program Unit: Science, Technology Engineering, and Mathematics (STEM)
Contact: Carol Lach
Phone Number: (781) 338-3532
Date Due: Friday, February 15, 2013
Proposals must be received at the Department by 5:00 p.m. on the date due.
Required Forms:
  1. Download PDF document Download MS WORD document  Part I - General - Program Unit Signature Page - (Standard Contract Form and Application for Program Grants)
  2. Download MS EXCEL file  Part II Budget Detail Pages (Include both pages.) - Instructions
  3. Download PDF document Download MS WORD Document  Part III - Required Program Information
Additional Information:
  1. Download MS EXCEL file  Proposal Evaluation Scorecard
  2. Download PDF document Download MS WORD document  Eligible Districts
  3. Download MS EXCEL file  Examples of Financial Literacy Resources
  4. Download PDF document Download MS WORD document  National Standards for Financial Literacy from the Council for Economic Education (excerpt from the November 15, 2012 draft version)
  5. View HTML Page  Massachusetts Curriculum Frameworks for Mathematics, History and Social Sciences, etc.
  6. View HTML Page  Massachusetts Technology Literacy Standards and Expectations (p.14)
Submission Instructions: Submit two (2) sets of the complete application package to Carol Lach, each with an original signature of the Superintendent/Executive Director.

The Required Program Information and Budget Detail Pages should also be submitted electronically to Carol Lach, with Financial Literacy grant application in the subject line. The due date of February 15, 2013 also applies to the electronic submission.

Mail to:
Carol Lach
Science, Technology Engineering, and Mathematics (STEM)
Massachusetts Department of
Elementary and Secondary Education
75 Pleasant Street
Malden, MA 02148-4906

Last Updated: January 4, 2013
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