Nonprofit Organizations eligible for up to $50,000 in funding from Citizens Bank

BOSTON – Senator Michael O. Moore (D-Millbury) announced details of an initiative to assist nonprofit organizations with offering financial literacy programs to area residents. Funding is available through Citizens Bank’s Citizens Helping Citizens Manage Money financial literacy initiative.

“This is a great opportunity for both residents who are interested in strengthening their financial literacy skills and for nonprofit organizations interested in providing these types of programs” said Sen. Moore, who also serves as a member of Treasurer Deborah Goldberg’s Financial Literacy Task Force. “I hope area organizations will take advantage of pursuing this funding.”

Interested nonprofit organizations are encouraged to submit an application for programs that would provide participants with an enhanced understanding of banking, asset building, budgeting, homeownership, foreclosure prevention, credit management or financial management for small businesses.

In 2015, Citizens Bank awarded 72 nonprofit organizations more than $1 million in contributions through the funding program. To be considered for funding, eligible nonprofits in the communities served by Citizens Bank should submit an online application by January 29, 2016. Recipients will be announced in March 2016. For more information, and to access an application, please visit https://www.citizensbank.com/community/financial-literacy.aspx.