earn big dreams_small_savings_2013
Post on 21-Oct-2014
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EARN is using technology to help 1 million low income American workers save and invest in their families, and to build financial capability. We are an award winning nonprofit organization with a decade-long track record of successfully sparking prosperity for low income families using the transformative power of saving. Please learn more by visiting www.earn.orgTRANSCRIPT
Big dreams start with small savings.
OUR MISSION | 2
EARN helps low-wage workers to save and to invest in their families’ futures: We turn effort into opportunity.
OUR MISSION | 3
WHY DO WE DO THIS?
* Pew Research Center
OUR NATION | 4
132 million Americans live
in or on the edge of poverty
Nearly half of all Americans (44%) lack
the savings to withstand a small
emergency
Yet, this is our reality.
THE PROBLEM | 5
WE HAVE A SOLUTION. MEET SOTHA.
“”
There was no saving before EARN. When you live paycheck to paycheck, you’re really not thinking about saving. With EARN, I always tell my kids now if you save a little here and there, it will add up. Now they all have savings accounts.
OUR SUCCESS | 6
Since 2002
5,200 EARN savers have saved
$6.2 million dollars.
EARN has proof that its mission works: Saving and investing are transformational.
OUR SUCCESS | 7
A full 83% of EARN participants continue to save after their formal program ends.
OUR SOLUTION | 8
1 million
$1 billion Dollars
Will Save
Low Income Americans
WHY EARN IS POISED
OUR EVIDENCE | 9
EARN is pioneering new uses of technology to revolutionize how we create opportunity for millions of low-wage workers.
EARN has evidence that savings changes behavior and influences inter-generational mobility.
EARN has proven that even people who on average earn $18,000 per year will save and invest in themselves with the right tools.
EARN’S SUCCESS.
OUR PLAN | 10
ACCELERATORS Incentives that motivate
people to start saving and make small investments
FINANCIAL EDUCATION / TOOLS
A growing toolbox of capabilities to save and solve financial problems
STRUCTURE & ACCOUNTABILIY
EARN and peer support throughout the savings
journey
An online, goal-based savings account that combines proven educational techniques with technology and spark capital.
BEHAVIORAL CHANGE Education and spark capital
instill proven, long-term saving habits
ONLY BIGGER.
THE TEAM
Ben Mangan President & CEO
• 15+ years of experience in social sector innovation
• Vassar College, Harvard Kennedy School
Nga Chiem Vice President
• 10+ years of nonprofit and private sector experience
• Brown University, Harvard Business School
BOARD Jose Arce Eugene Chan, PolicyLink Nick Eaton, Goldman Sachs Linda Harrison, Sotheby’s Mina Kim, BBAM LLC Eugene Lee Ray Mertens, Dodge & Cox Sarah Schwartz, Ph.D., USC Martin Skea, Wells Fargo Joe Vassallo, Green Thumb Holdings LLC Marion Weinreb, Marion Weinreb & Associates, Inc.
Key Advisors Guy Kawasaki • Former chief evangelist of Apple • Silicon Valley venture capitalist • Best-selling author Ralph Linsalata • Co-founder of Media Advisory Partners, New York-based
investment firm • Former venture capitalist and investment banker • CEO and senior positions at Novell, Lexidata & IBM
among others
OUR TEAM | 11
INVEST IN FUTURES: Generational Change
YOUR PART | 12
EARN Savers: Ricardo & Dad
Within 3 years we will serve a total of 10,000 low-wage Americans. By 2022, EARN will open 1 million new goal-based savings accounts. And change this country forever.
To support EARN contact: Shana Beal | [email protected] | 415.830.3001 earn.org · facebook.com/earnorg · twitter.com/earn · youtube.com/earn