fund 2018 impact report 1 - prosperitynow.org · fund to match contributions by local donors to 1:1...

1:1 FUND IMPACT REPORT 2018 1FUND 2018 IMPACT REPORT

1:1 FUND IMPACT REPORT 20182

MATCH KIDS’ COLLEGE DREAMS DOLLAR FOR DOLLAR

[email protected] @1to1fund facebook.com/1to1fund

LETTER FROM THE 1:1 FUND TEAM

ABOUT THE 1:1 FUND

BY THE NUMBERS 2018

1:1 FUND’S NATIONAL MATCH POOL

FUNDER SPOTLIGHT: PRUDENTIAL

FUNDER SPOTLIGHT: KIDFUND

MAP OF 1:1 FUND PARTNERS

TABLE OF CONTENTS

1:1 FUND PARTNERS

COLLEGE DREAMS

COLLEGE KIDS

DURHAM KIDS SAVE

EL MONTE PROMISE FOUNDATION “I HAVE A DREAM” FOUNDATION

INVERSANT

KC SCHOLARS

KICKSTART TO CAREER

KINDERGARTEN TO COLLEGE

LANSING SAVE

OAKLAND PROMISE

OKLAHOMA NATIVE ASSETS COALITION

PARTNERS FOR YOUTH OPPORTUNITY

PROMISE INDIANA

PROVIDENCE PROMISE

SEED SUCCESS

SPRINGBOARD TO OPPORTUNITIES

4

5

6

8

9

10

11

12

13

14

15

16

17

18

19

20

21

22

23

24

25

26

27

28


4 1:1 FUND IMPACT REPORT 2018

Dear 1:1 Fund Supporters and Friends,

In 2012, the 1:1 Fund launched with a vision of engaging individual donors to match the contributions of young people saving in Children’s Savings Accounts (CSAs). Six years later, we couldn’t be happier with the results. Thanks to our local 1:1 Fund partners and nearly 1,300 donations, the 1:1 Fund continued to grow in 2018 and passed the $2.5 million mark in fundraising.

Last year, the 1:1 Fund and our partners raised more than $540,000 in savings incentives for children, organized a variety of community events to showcase the success of our work together, and ran another successful #GivingTuesday campaign. Much of our continued impact is due to the 1:1 Fund’s National Match Pool (made possible by generous support from Prudential and Kidfund), which allows the 1:1 Fund to match contributions by local donors to 1:1 Fund partners during quarterly fundraising campaigns.

Overall in 2018, we grew our online fundraising total by 21% from 2017 and boosted our donor base by 11%. Two new organizations in Missouri–SEED Success and KC Scholars–joined the 1:1 Fund, bringing our total number of partners to 17 CSA programs. Here are some additional highlights from the past year:

LETTER FROM1:1 FUND TEAM

n Promise Indiana raised $83,202 from more than 325 donors during the June Graduation campaign, the largest amount ever raised by a 1:1 Fund partner in a single campaign.

n Springboard to Opportunities held a 5K “Race for Our Community” in April with more than 200 Jackson, Mississippi-area residents, and raised more than $34,000 for initial deposits into CSAs for children in Springboard’s affordable housing communities.

n Four savers from Partners for Youth Opportunity (Durham, NC) were featured in an award-winning documentary about an internship experience in Ocracoke Island, where they learned how local journalists engage with their community.

With gratitude to all our partners and donors, we hope you enjoy the following pages which provide more detail about the impact of the 1:1 Fund, the amazing work of each of our partners, and the dreams made possible by our generous donors.

Sincerely,

Carl Rist, Monica Copeland, Diego Quezada and Erin ThiemannTHE 1:1 FUND TEAM AT PROSPERITY NOW

1:1 FUND IMPACT REPORT 2017 5

ABOUT THE 1:1 FUND

The 1:1 Fund supports the college dreams of low-income children by ensuring that those dreams are matched with savings in the bank. We make it easy for local children’s savings programs to raise matching funds from donors, large and small, thereby enabling those donors to match the contributions of young savers in special college savings accounts—known as Children’s Savings Accounts (CSAs).

The 1:1 Fund was conceived and capitalized by Prosperity Now, a national nonprofit based in Washington, DC, that works to ensure that everyone in our country has a clear path to financial stability, wealth and prosperity. Prosperity Now believes that having modest savings for postsecondary education can help change the odds for children and get them on a path to wealth-building.

Research shows that low- and moderate-income children with college savings of $500 or less are three times more likely to enroll in college and four times more likely to graduate than children without such savings.

DONATE

MOTIVATE

EDUCATE

Your donation through the 1:1 Fund helps local groups across the country raise money from their communities to directly fund Children’s Savings Accounts (CSAs) for low-income students.

Your matching funds motivate low-income families in your chosen community to open an account and start saving for college.

Families across the country plan for college earlier—low-income children with $500 in college savings are four times more likely to graduate college.


6

$541,6381:1 FUND’S COMBINED 2018 FUNDRAISING, INCLUDING 1:1 FUND PARTNER CAMPAIGNS AND MATCHING FUNDS FROM THE 1:1 FUND’S NATIONAL MATCH POOL:

AN 11.1% INCREASE OVER 2017

$285,116WAS RAISED IN

ONLINE DONATIONS

1,291 INDIVIDUAL DONATIONS IN 2018

2013

2014

2015

2017 1,162

2016

=INDIVIDUAL DONATIONS


100279

650

782

164

2018 BY THE NUMBERS

21% INCREASEFROM 2017

2018 1,291

$110,000 RAISED ON

7

LARGEST SINGLE FUNDRAISING CAMPAIGN IN 20181:1 FUND HAS RAISED MORE THAN

LARGEST AVERAGE DONATION FOR SINGLE CAMPAIGN IN 2018

LARGEST NUMBER OF DONORS IN A SINGLE CAMPAIGN IN 2018

$2.5 MILLIONIN SAVINGS INCENTIVES SINCE 2012

$83,202PROMISE INDIANA GRADUATION CAMPAIGN

INVERSANTGRADUATION CAMPAIGN

PROMISE INDIANA GRADUATION CAMPAIGN 2018

FOR A TOTAL OF $157,868WITH MATCH

$352


1:1 FUND PARTNER ORGANIZATIONS SERVED

AVERAGE TOTAL RAISED PER PARTNER PER FUNDRAISING CAMPAIGN

73,046COLLEGE SAVERS IN 2018

WITHOUT MATCH WITH MATCH$6,817 $13,882

8 1:1 FUND IMPACT REPORT 2018

THE 1:1 FUND’S NATIONAL MATCH POOL

Since December 2015, the 1:1 Fund has matched contributions made by local donors to 1:1 Fund partners during our quarterly fundraising campaigns. This capacity to provide generous matches (typically dollar-for-dollar up to $500 per donor) to support our partners’ fundraising efforts fulfills the vision of the 1:1 Fund’s creator and Prosperity Now’s founder, Bob Friedman. Bob envisioned a ripple effect: donors would provide matching dollars to leverage the savings of CSA participants, and the 1:1 Fund would provide matching dollars to

leverage the generosity of those donors. The ability to provide these matches has been fundamental to the success and growth of the 1:1 Fund. The matches are financed by the 1:1 Fund’s National Match Pool, of which Prudential is the lead funder. The National Match Pool also receives generous support from an innovative new social savings app, Kidfund.

1:1 FUND IMPACT REPORT 2018 91:1 FUND IMPACT REPORT 2018

NATIONAL MATCH POOL FUNDER: PRUDENTIAL

For two consecutive years, in 2015 and 2016, the 1:1 Fund was fortunate to be chosen as the cause-marketing partner for Prudential’s 4.01k Race for Retirement. As a result of those two events, Prudential generously provided a total of $600,000 to the 1:1 Fund’s National Match Pool to help 1:1 Fund partners leverage donations from local donors.

Prudential’s gift enabled the 1:1 Fund to grow substantially—from 10 to 17 partners—and has helped drive the success of the 1:1 Fund’s online platform and quarterly fundraising campaigns. We thank Prudential for their continued support of the 1:1 Fund, the National Match Pool and our partners.

9


NATIONAL MATCH POOL FUNDER: KIDFUND

Last year, the 1:1 Fund continued a cause-marketing partnership with Kidfund, a new social savings app with a mission to build basic assets for all families. With the “Save Some, Give Some” feature, Kidfund savers can donate a percentage of their incoming gifts to the 1:1 Fund’s National Match Pool, which are then used to provide matches to 1:1 Fund partners across the country during quarterly fundraising campaigns.

Through Kidfund, parents can open savings accounts for their children, set automatic recurring

transfers and enable friends and family to send gifts to their kids. This last feature has helped children significantly grow their savings. Twelve months after opening an account, Kidfund users with at least one contributor had an average balance that was three times higher than Kidfund users who only saved on their own.

Kidfund, in partnership with the 1:1 Fund, is ensuring that rather than exacerbating the inequalities of our social networks, we can use technology to reduce them and effectively grow savings for all.

1:1 FUND IMPACT REPORT 20181:1 FUND IMPACT REPORT 2018


States with 1:1 Fund Partners

New 1:1 Fund Partner

PARTNERMAP

MS

MO

IA

MI

IN

OK

OR

NY MA

COCA

NC

111:1 FUND IMPACT REPORT 20181:1 FUND IMPACT REPORT 2018


College Dreams, based in southern Oregon, currently works with more than 1,200 students and young adults in sixth through 12th grade to achieve their goal of graduating from college. It also provides follow-up case management services for participants who are in higher education, vocational training or early career settings. College Dreams’ target geographic area and participants both experience significant need: high rates of students eligible for free or reduced lunch, low rates of high school graduation, and a high percentage of target-area adults with less than a bachelor’s degree. Ninety-four percent of its participants are from low-income families, 91% are potential first-generation college students and 35% are students of color.

To help its students build savings for college, College Dreams launched a CSA program in 2009. Currently, 292 youth have open accounts, with the participants saving a total of roughly $293,500 (average savings of $1,240) and earning approximately $746,000 in matching funds. Over the lifetime of its program, College Dreams has awarded $2.5 million in matching funds and has served 648 participants.

COLLEGE DREAMS

1:1 FUND PARTNER

I had no idea what to do with my future. I didn’t even know how to sign up for the SAT, but you took me under your wing and helped me get to where l am today.

– ARREANNA POLK, COLLEGE DREAMS PARTICIPANT

$5,726RAISED THROUGH THE

1:1 FUND IN 2018


College Kids in St. Louis is a city-wide savings program designed to build assets for students’ postsecondary educational expenses. Launched in 2015, College Kids automatically enrolls all kindergarten students in St. Louis public and charter schools. Every account begins with a $50 deposit made by the Office of the Treasurer. Additionally, College Kids offers incentives for families to help grow their student’s account, including bonus deposits for good attendance, a cumulative match for family deposits, and earned deposits for participating in financial education.

Having just enrolled the fourth cohort, College Kids boasts 12,000 savings accounts to-date. Since 2015, College Kids students have collectively accumulated more than $860,000. All incentives are funded by private donations, raised with the assistance of the 1:1 Fund. As a result, the 1:1 Fund has directly supported more than 2,800 St. Louis students through its partnership with College Kids.

COLLEGE KIDS

1:1 FUND PARTNER


1:1 FUND IN 2018

The 1:1 Fund has been a wonderful partner for College Kids since shortly after I started as St. Louis City Treasurer in 2013. With the 1:1 Fund’s help, more students have access to resources to achieve their dream of higher education.

–TISHAURA O. JONES, TREASURER OF THE CITY OF ST. LOUIS


DURHAM KIDS SAVE

14

Durham Kids Save is a children’s savings initiative that serves students at Y.E. Smith Elementary School in partnership with Prosperity Now, the City of Durham, Durham Public Schools, Self-Help Credit Union and the East Durham Children’s Initiative.

Established in January 2015 as part of Durham’s Poverty Reduction Initiative, Durham Kids Save has since expanded to include a community cohort for families working directly with East Durham Children’s Initiative in kindergarten through third grade. Since launch, Durham Kids Save has served 225 children in East Durham.

1:1 FUND PARTNER

Creating environments that allow children to save for college or postsecondary education is critical to the success of our children. We believe and our families believe that every child should have the opportunity for success.

– DAVID REESE, CEO/PRESIDENT OF EAST DURHAM CHILDREN’S INITIATIVE

$82,149RAISED THROUGH THE1:1 FUND SINCE 2015


The El Monte Promise Foundation’s Scholars Savings Program inspires children and families to get involved in altering their futures through intentional, active investment and financial empowerment. Despite language barriers and a largely unbanked community, families in the Scholars Savings Program have saved an impressive $175,353, with 389 students from the City of El Monte (Los Angeles County) currently enrolled in the program.

These students benefit from incentivized monthly deposits. Through this method, the Scholar Savings Program ensures that even small amounts of saving can help students manage their financial hurdles. Funds raised via the 1:1 Fund as part of Giving Tuesday 2018 supported seed funds for 160 additional accounts in the program.

EL MONTE PROMISE FOUNDATION

1:1 FUND PARTNER


1:1 FUND IN 2018

– ROCIO SANDOVAL, A PARENT OF A PARTICIPANT IN THE SCHOLARS SAVINGS PROGRAM

This account gives a good way to motivate [my children] in their studies so that they might attain their dreams and goals for the university and continue to grow when that moment arrives. I’m incredibly joyful and proud that my children can attend college and that the experience will be easier with these accounts.


“I HAVE A DREAM” FOUNDATION

The “I Have A Dream” Foundation (IHDF) is a leading education nonprofit focused on breaking the cycle of intergenerational poverty. The foundation provides a comprehensive support program that follows the same group of young people (“Dreamers”) from elementary school all the way through college. IHDF affiliates in Boulder, CO; Des Moines, IA1 ; and New York, NY partner with the 1:1 Fund. More than 600 students have accounts.

The 600 students across the foundation have earned more than $115,000 in their college savings accounts based on completing critical milestones on the path to and through college. Over the past two years, some students have begun to matriculate in college and use funds in these accounts toward tuition or laptops.

1:1 FUND PARTNER


1:1 FUND IN 2018

Having a college savings account made my transition to college easier by giving me the peace of mind that necessary purchases won’t make a significant negative financial impact.

– MING, “I HAVE A DREAM” FOUNDATION PARTICIPANT

1 After 28 years with the “I Have A Dream” Foundation, the Des Moines affiliate rebranded as a separate nonprofit–the By Degrees Foundation,

effective December 5, 2018. The organization has continued to support children with its CSA program and host of other services, including classroom

instruction, community and family events, and field trips to postsecondary institutions.


Founded in 2009, Inversant has helped more than 1,400 families open more than 1,800 college savings accounts to save more than $2.6 million for postsecondary education. Based in the Greater Boston area with programs in 10 cities across Massachusetts, Inversant’s multi-year curriculum gives parents the skills, knowledge and confidence to support their children’s goals for higher education. Inversant facilitators host classes for parents on a wide range of topics, including the college application process, scholarships and payment options.

INVERSANT1:1 FUND PARTNER

One of the proudest moments with Inversant was seeing how much I saved at the end of the year, being able to put that money towards my child’s education.

– ROSE EGBUIWE, PARENT OF A PARTICIPANT IN INVERSANT$40,991RAISED THROUGH THE

1:1 FUND IN 2018


KC Scholars provides traditional scholarships and college savings accounts to low- and moderate-income students in the Kansas City region. Students enter the CSA program in ninth grade, have savings matched four-to-one, receive college advising support, and earn college-planning milestone incentives each year of high school. Four hundred seventy-two students have opened CSAs; they have saved $97,997 over the last 18 months. KC Scholars’ first accountholders enter college in fall 2021, with subsequent cohorts entering annually thereafter.

In 2018, KC Scholars was a first-time participant in the 1:1 Fund. With the funds raised from 2018’s Giving Tuesday campaign, KC Scholars will seed an additional 28 accounts.

1:1 FUND PARTNER

KC SCHOLARS

KC Scholars enjoyed the excitement of participating in Giving Tuesday through the 1:1 Fund alongside other CSA programs nationwide. We gained five new funders and raised more awareness of the power of a CSA program.

– DR. BETH TANKERSLEY-BANKHEAD,

PRESIDENT AND CEO OF KC SCHOLARS

$535RAISED THROUGH THE

1:1 FUND IN 2018


KICKSTART TO CAREER

19

The Barry County KickStart to Career program in western Michigan is currently in its fourth year of opening CSAs for kindergarten students. Launched by the Barry Community Foundation, KickStart to Career manages a total of 2,779 children’s savings accounts. The program is designed to help with postsecondary education expenses, whether a student chooses to pursue a four-year degree, certification program or trade school.

With money raised in partnership with the 1:1 Fund, the Barry Community Foundation was able launch KickStart to Career in each school district in Barry County, as well as two private schools. In particular, funds raised via the 1:1 Fund support a Positive Behavior Intervention and Support (PBIS) rewards program that allows all first-, second- and third-grade teachers to choose one student per month to receive a $5 deposit, as well as a KickStart T-shirt.

1:1 FUND PARTNER


1:1 FUND IN 2018

One of the purposes of the program is to increase the academic aspirations of Barry County’s children. One of the initiatives that we have put in place—an incentive program based on each schools’ Positive Behavior Intervention and Support program—would not have been possible without the partnership with the 1:1 Fund.

– AMY MURPHY, KICKSTART TO CAREER PROGRAM DIRECTOR


The San Francisco Kindergarten to College (K2C) program is a college savings program operated by the City and County of San Francisco. Since 2011, K2C has automatically opened a college savings account for each incoming public-school kindergarten student in San Francisco.

The City and County of San Francisco starts each account with $50, and families can earn additional incentives through a variety of channels. K2C currently has 33,000 accounts for students in grades K-8 that total $6.5 million in savings, with $4 million saved by families. K2C is the oldest and largest citywide CSA program and was one of the 1:1 Fund’s original partners. Since 2012, through online and offline donations, the 1:1 Fund has helped K2C raise almost $600,000 in donations, helping incentivize hundreds of students to save for college through their K2C account.

KINDERGARDEN TO COLLEGE

20

1:1 FUND PARTNER

The incentives were a definite motivator for me to start saving.

– LUZ MARIA, PARENT OF K2C STUDENT


1:1 FUND IN 2018



1:1 FUND IN 2018

21

Lansing SAVE (Student Accounts Valuing Education) is a college savings program for children entering kindergarten in the Lansing School District. Established in January 2015, the program is a partnership of the City of Lansing, Michigan State University Federal Credit Union (MSUFCU) and the Lansing School District. Students are automatically enrolled in an account at kindergarten enrollment. Currently, there are 5,081 Lansing students with Lansing SAVE Accounts who have saved more than $42,000.

MSUFCU provides financial education in every SAVE classroom monthly between December and May. Deposits are taken in the classroom during these lessons, which contributes to Lansing SAVE’s high participation rate—nearly 27% of Lansing SAVE families have made at least one deposit to their accounts.

LANSING SAVE1:1 FUND PARTNER

Lansing SAVE is so much more than a savings account. It gives students and their families an opportunity for direct engagement with their school, their city government and a financial institution. It shows them that we are invested in them and in their future. It is an asset-building program, certainly—but it is also a community-building program.

– ANDY SCHOR, MAYOR OF LANSING, MI


Oakland Promise is a cradle-to-career strategy with a goal to dramatically increase the number of college graduates and make college the expectation across Oakland. Oakland Promise runs two distinct CSA programs, Brilliant Baby and Kindergarten to College (K2C), for their two separate target populations. Brilliant Baby supports supports infants and parents from low-income households. K2C supports all students entering kindergarten in the Oakland Unified School District, regardless of family income. Brilliant Baby helps more than 350 low-income parents and guardians each year advance their baby’s academic and socio-emotional development during the first critical years of life. Participating early childhood programs and pediatric clinics offer parents the opportunity to open a Brilliant Baby college savings account seeded with $500. Kindergarten to College aims to create a college-going culture in elementary schools by providing each student with an early college scholarship of $100, which helps families get on the path to growing savings for college, starting in kindergarten.

OAKLAND PROMISE


1:1 FUND IN 2018

1:1 FUND PARTNER

My hope and aspiration . . . is for my daughter to go to college and know that finances won’t be an issue because we’re in a program that can help us make sure that her future is secured.

– BRITTNEY HOUSTON, BRILLIANT BABY PARENT



1:1 FUND IN 2018

The Oklahoma Native Assets Coalition, Inc. (ONAC) works with 21 tribal and Native nonprofit partners to open $100-seeded CSAs for Native youth. As the largest American Indian-led CSA program in the country, ONAC has funded a total of 635 accounts for Native youth, with more than $60,000 in opening account deposits. Eighty-five percent of the youth with CSAs are from families living at or below 200% of the federal poverty level.

CSAs represent just one part of a much larger program that ONAC provides for Native youth. During account-opening events, for instance, families receive gardening seeds to promote food security. Children also complete art projects to promote the culturally-competent message that many assets, not just savings, are in Native communities.

OKLAHOMA NATIVEASSETS COALITION

1:1 FUND PARTNER

The 1:1 Fund campaigns are an important part of ONAC’s CSA fundraising efforts. These funds help ONAC serve Native youth from birth to 18 who do not have savings for college. CSA accounts help Native youth think positively about their future and help ONAC to work to lessen the college graduation gap for American Indians.

– CHRISTY FINSEL, EXECUTIVE DIRECTOR OF ONAC & MEMBER OF THE OSAGE NATION


RAISED THROUGH THE 1:1 FUND IN 2018

$7,320

24

PARTNERS FORYOUTH OPPORTUNITY

Partners for Youth Opportunity (PYO) is a multi-year, multi-component program in Durham, NC, that works with disadvantaged students from eighth grade through four years after high school. PYO partners with community-based organizations and local employers to provide their youth with internship opportunities to earn money, gain experience and further their education. To ensure that it can provide personalized attention and support, PYO limits its program enrollment to 120 students.

As of January 1, 2019, PYO has 75 students actively participating in its Saving for the Future program. Through paid internships, PYO students receive professional mentorship while saving at least 20% of their earnings. PYO students save 44% of their income on average, rates that are among the highest among CSA programs nationwide. They have saved $57,300 before matches and incentives offered by the Latino Community Credit Union (LCCU) and the 1:1 Fund. With matches and incentives, PYO students have saved $86,160.

1:1 FUND PARTNER

The program has helped me learn to manage how much money I spend on items and when or not to spend for the now but also for the future.

– YUSUF SHAH, CURRENT PYO STUDENT



1:1 FUND IN 2018

Promise Indiana was created as a community-driven children’s savings account program designed to equip young children and their families with financial resources, college-saver identities, community support and savings behaviors associated with positive outcomes. Promise Indiana is now in 25 communities across the state, creating a college-going culture and investing in local youth. The Promise creates this culture by exposing youth to college at an early age, engaging families in the process of starting to save, and rallying community partners to invest in all youth. As of January 2019, 14,108 students have joined Promise Indiana and have collectively saved $11,215,795 through contributions and incentives.

PROMISE INDIANA

1:1 FUND PARTNER

It’s been a joy to see the reaction of many parents, as they listen to us speak words of encouragement to their child. It’s not something they expect, but it’s something they greatly appreciate. I think it is also something that our entire staff team feels good about. – KAMI ROSS, KINDERGARTEN TEACHER


1:1 FUND PARTNER


26

$15,948

PROVIDENCEPROMISE

Providence Promise, one of the few College Promise programs that includes a savings component, works closely with the families of Providence Public School children from birth to the eighth grade to increase college and career aspirations and financial literacy skills. It also provides those families with the financial resources that will enable all participating students to pursue and persist through higher education programs.

Since opening enrollment at the beginning of the 2017-18 school year, 323 students from 174 families have enrolled in the program, and each of these students now has a 529 college savings account. Collectively, these families have accumulated more than $87,000 in college savings. In the last quarter alone, Providence Promise families saved over $20,000 for college. Since becoming a 1:1 Fund partner, Providence Promise has raised more than $24,000 total, which has provided seed funds to the 529 accounts of 240 Providence children.

Today I live with financial debt, but for my children, I do not want that to be an issue. Providence Promise has given me hope that it is possible for me to be the biggest support in my children’s lives, that I can make a difference in their future.

– CHRISTINE, PARENT OF FOUR PROMISE STUDENTS



1:1 FUND IN 2018

SEED Success received a county-level grant to provide college and career incentive savings accounts (CISAs) for every kindergarten student in Boone County, Missouri, for the 2018-19 school year. The organization created the program BooneSaves, which holds a K-12 financial education program in addition to providing the CISA.

SEED Success partnered with the local school system and Junior Achievement—a global nonprofit organization that trains youth in work readiness, financial literacy and entrepreneurship—to create its financial education curriculum. In 2018, BooneSaves enrolled 400 children in its CISA program, with an ultimate goal of enrolling 1,300 students and training 77 teachers and school staff members to deliver the program.

1:1 FUND PARTNER

SEED SUCCESS

If I had had this when I was young, everything would be different for me.

– PARENT OF SEED SUCCESS STUDENT

1:1 FUND PARTNER

Durham Kids Save at Y.E. Smith Elementary School (also known as Tigers Save) is a children’s savings initiative, launched in partnership with Prosperity Now, the City of Durham, Durham Public Schools, East Durham Children’s Initiative and Self-Help Credit Union for students in grades K-5.

Established in January 2015 as part of Durham’s Poverty Reduction Initiative, Durham Kids Save has since expanded to include a community cohort for families with children in kindergarten through second grade. In its first three years, Durham Kids Save has served 190 children.

“The fundraising support and matching funds from the 1:1 Fund were crucial in launching Durham Kids Save,” Durham Mayor Steve Schewel said. “Without the 1:1 Fund, we could not have envisioned a bold children’s savings program to reach all students at Y.E. Smith Elementary school.”


DURHAM KIDS SAVE


1:1 FUND IN 2017

1:1 FUND PARTNER


28

$19,821

SPRINGBOARD TOOPPORTUNITIES

Springboard to Opportunities is a nonprofit organization based in Jackson, MS, that connects families living in affordable housing with resources and programs that help them advance themselves in school, work and life. Springboard began its Children’s Savings Account program in 2017, offering accounts to families who live within the affordable housing communities where they provide resident services. These accounts are first seeded with $50, and children can earn further incentives based on program participation, grades and school attendance.

Each year, Springboard hosts a 5K race to raise funds for their CSA program, and in 2018, Springboard partnered with the 1:1 Fund during the Spring into Savings week to raise more than $34,000. Springboard was able to open 125 new accounts through the proceeds from this campaign.

“We have been able to generate momentum and energy around our CSA program that would not have been possible without the partnership of the 1:1 Fund.

– AISHA NYANDORO, CEO OF SPRINGBOARD TO OPPORTUNITIES


1:1 FUND PARTNER





DURHAM KIDS SAVE

THE 1:1 FUND SUPPORTS THE COLLEGE DREAMS OF LOW-INCOME CHILDREN BY

ENSURING THAT THOSE DREAMS ARE MATCHED WITH SAVINGS IN THE BANK.


1:1 FUND PARTNER





DURHAM KIDS SAVE


1:1 FUND IN 2017


FUND


CONNECT WITH US

[email protected]

@1to1fund

facebook.com/1to1fund 1to1fund.org

fund 2018 impact report 1 - prosperitynow.org · fund to match contributions by local donors to 1:1...

Documents