We are thrilled to share that Women’s Money Matters has received an $82,500 grant from the MassMutual Foundation to bring our financial wellness programs to Springfield, MA—one of the areas of greatest need in the state. With this support, we will extend our proven model of financial literacy workshops, personalized coaching, and community-based support to more women striving to build brighter, more secure futures for themselves and their families.
As part of this expansion, we are also investing $7,500 to join Union Capital, a powerful community network – and fellow MassMutual Foundation grantee – that strengthens local connections by engaging families in programs, sharing resources, and supporting collective action. Through this membership, we’ll be able to meet women where they are—attending Network Nights, connecting with families directly, and building authentic, community-rooted pathways to impact.
Why Springfield? The need is urgent:
● Springfield’s poverty rate (25.26%) is more than double the Massachusetts average (11.5%) and well above the national average.
● Nearly 1 in 3 women in Springfield (29.1%) lives in poverty, compared to just 9.9% in Quincy. By expanding into Springfield, Women’s Money Matters aims to close these gaps and provide women with the financial knowledge, tools, and confidence to thrive.
A Growing Partnership with The MassMutual Foundation.
This grant builds on a deep and growing partnership with the MassMutual Foundation, championed by Sarah Hedges, a valued WMM Board member and MassMutual team member. Together, we have:
● Collaborated with NeighborShare to provide direct financial relief in Springfield and Boston. NeighborShare is also a MassMutual Foundation grantee.
● Advanced the Bridge to Prosperity benefit cliff pilot, supported by the MassMutual Foundation, to address the benefit cliffs that many women in our financial wellness programs experience as a roadblock to economic mobility.
We’re excited to continue to engage the MassMutual Foundation and MassMutual employees in meaningful volunteer opportunities that bring even more hands-on support to the women in Springfield living on low-incomes. We are deeply grateful to the MassMutual Foundation for its generous investment and continued commitment to advancing financial security for women and families across Massachusetts. Together, we are building stronger, more resilient communities.
