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Grants to California Nonprofits for Projects Providing Financial Education to Vulnerable Populations

CalMoneySmart Grant Program


GrantWatch ID#

Funding Source
California Department of Financial Protection and Innovation (DFPI)
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Geographic Focus
USA: California

Important Dates
Deadline: 05/26/23 5:00 PM PST Save

Grant Description
Grants to California nonprofit organizations for projects providing financial education to vulnerable populations. Funding is intended for organizations to design and provide free in-person or online financial courses, coaching, products, and services to consumers who are unbanked and underbanked.

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.

Additionally, every project funded with a CalMoneySmart grant must:

  • Promote and enhance the economic security of consumers.
  • Adhere to the five principles of effective financial education described in the Consumer Financial Protection Bureau’s 2017 report Effective financial education: Five principles and how to use them:
    1. Know the individuals and families to be served
    2. Provide actionable, relevant and timely information
    3. Improve key financial skills
    4. Build on motivation and,
    5. Make it easy to make good decisions and follow through.
  • Include one or more specific outcome targets.
  • Include an evaluation component designed to measure and document the extent to which the project achieves its intended outcomes and increases consumers’ financial well-being.

No more than 15 percent of the grant can be used to cover administrative costs, which may include, but are not limited to, costs of workforce overhead, human resources, accounting, finance, business and facility operations, and information technology.


Additional Eligibility Criteria
To be eligible for a CalMoneySmart grant, an organization must:
1. Be a nonprofit organization – exempt from federal income taxes under Section 501(c)(3) of the Internal Revenue Code and organized and operated exclusively for one or more of the purposes described in Section 501(c)(3) of the Internal Revenue Code.
2. Have no part of their net earnings inure to the benefit of a private shareholder or individual.

Pre-Proposal Conference
Live Application Q&A Sessions (Optional):

Thursday, May 4, 2023, 11:00 AM – 12:00 PM (PDT)

Tuesday, May 23, 2023, 2:30 PM – 3:30 PM (PDT)

Pre-Application Information
- Application deadline: 5/26/23 17:00
- Expected award announcement: July 2023
- Period of performance: FY July 1-June 30


Press Release:


Additional Funding Information

Estimated Total Program Funding:


Number of Grants
Dependant on number of submissions received, application process, etc.

Estimated Size of Grant
There are no minimum grant amounts. The maximum grant that can be requested is $200,000, which should include administrative costs no more than 15% to operate your proposed project.

Contact Information
Apply Online:

Please contact with additional questions.

Department of Financial Protection and Innovation
Office of the Ombuds
2101 Arena Boulevard
Sacramento, CA 95834

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