This month, the DFPI is opening another round of CalMoneySmart applications with $3.2 million to give to nonprofits that provide free financial empowerment programs to California residents. Now in its sixth year, the CalMoneySmart grant program has helped 44 non-profit organizations enable more than 60,000 people to receive financial education, financial counseling, and access to financial products.
MyPath is an organization that received funds in the last grant cycle (2024-26). Earlier this month, we joined them at a community roundtable in our San Francisco office for a conversation about the program.
About two dozen people attended the meeting and listened to youth from a variety of backgrounds in Oakland, San Francisco, and San Mateo share insights from their two-year financial empowerment project. They reflected on MyPath’s coaching, which they reported has helped them build confidence in banking, saving, and managing their money.
Greg Young, DFPI’s Senior Deputy Director of Corporations & Financial Institutions, attended the event along with other DFPI staff. He gave an inspiring message encouraging people to continue to make progress in financial empowerment: “Congratulations on the tremendous progress you have made. Because of your work with MyPath, you are better equipped to build your financial future. We are grateful for the partnership we have built together. Keep up the good work.”
MyPath is another example that shows that with the help of CalMoneySmart, financial literacy is becoming a reality for thousands more Californians.
