The Economic Empowerment Trust Fund (EETF) has released its Fiscal Year 2025 Annual Report, marking a decade of the Office of Economic Empowerment (OEE) under the leadership of Treasurer Deborah Goldberg. The report highlights the Trust Fund's commitment to providing free financial education and wealth-building resources to Massachusetts residents. Key initiatives include the BabySteps program, which has opened 51,794 accounts to help families save for children's education, and the Worth & Wealth seminars that offer financial coaching and education. The report also emphasizes the importance of partnerships with various sectors to enhance outreach and impact.
In FY25, the EETF reported a starting balance of $1,074,749, with significant revenue from legislative appropriations and corporate donations. The report details various programs funded by the Trust, including the Financial Education Innovation Fund, which supported over 58 schools in hosting financial education fairs, and the launch of the Enrich digital financial wellness tool, aimed at providing accessible financial education to all residents. Additionally, the report introduces the new Financial Education Directory, designed to connect users with local financial resources and services. Overall, the EETF's efforts reflect a strong commitment to fostering economic empowerment and financial literacy across the Commonwealth.