Main Street Group Foundation Helps Springwell Provide Money Management

As reports of elder financial abuse rise, Springwell received word that the Main Street Group Foundation would be providing a grant in support of its Money Management Program for 2024. Recently, Julie Aldie, Jamie Conaghan, and Jeff Tucker of Main Street Bank presented the grant that will help low-income, vulnerable seniors and adults with disabilities manage their finances and remain independent. Springwell’s Money Management Program volunteers provide monthly in-home assistance with routine money management tasks, provide guidance on how to stretch a budget and information about dangerous money scams. The program serves thirty-four greater Boston, MetroWest, Middlesex, and Norfolk County communities.

“Main Street Bank’s generous support makes a statement about their commitment to the most vulnerable members of our shared communities and especially those served by Springwell’s Money Management Program,” says Springwell Chief Community Engagement Officer, Beth Schultz. “This program is provided free to vulnerable, low-income elderly and disabled residents, thanks to the partnership of a number of local corporate and foundation donors who close the gap between state funding for the program and the costs to run it.”

The Money Management Program recruits, trains and provides intense supervision to a corps of dedicated volunteers who provide monthly in-home assistance with routine money management tasks; guidance on how to stretch one’s budget; and education about money scams. Springwell collaborates with the Mass Home Care Association, the Massachusetts Executive Office of Elder Affairs and a Money Management Advisory Council, made up of bank representatives and community members, to maintain standards for the program.

For more information about the Money Management program, contact Springwell at 617-926-4100 or visit our website at www.springwell.com.

About Springwell, Inc. (www.springwell.com)

Springwell is an independent, non-profit organization dedicated to helping people who need long-term services and supports to remain independent and healthy in the setting of their choice. Services are made possible in part by contracts with the Massachusetts Executive Office of Elder Affairs, MassHealth, contracts with insurance and health care providers and also through the generosity of individuals and institutions that provide critical philanthropic support.

About Main Street Bank and the Main Street Group Foundation (https://www.bankmainstreet.com/)

Main Street Bank is a locally run, independent mutual savings institution serving the Metrowest and northern Middlesex communities of Massachusetts. Employees of Main Street Bank are united under a culture that strives every day to contribute to our communities by providing customer-focused, innovative products and services for individuals, families, local businesses, and community organizations since 1860, with particular attention to education and financial wellbeing. With locations in the Metrowest and north Middlesex regions, Main Street Bank provides an extensive array of financial services and products for all personal and business life stages. To learn more about the Bank, visit www.BankMainStreet.com/.

While Main Street Bank provides community support through marketing donations and sponsorships, the organization’s Main Street Group Foundation continues community giving through its grant program. The Foundation, solely funded by the Main Street Group Bancshares MHC, strives to make a positive difference in the community, including in areas of financial wellness, small business empowerment, affordable housing/homelessness, and workforce development. To learn more about the Foundation, visit Charitable Foundation - Main Street Bank (bankmainstreet.com).