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Proposal to build Financial Stability Metrics for the United Way
Proposal to build Financial Stability Metrics for the United Way
Proposal to build Financial Stability Metrics for the United Way
Proposal to build Financial Stability Metrics for the United Way
Proposal to build Financial Stability Metrics for the United Way
Proposal to build Financial Stability Metrics for the United Way
Proposal to build Financial Stability Metrics for the United Way
Proposal to build Financial Stability Metrics for the United Way
Proposal to build Financial Stability Metrics for the United Way
Proposal to build Financial Stability Metrics for the United Way
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Proposal to build Financial Stability Metrics for the United Way

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From January 2008, a proposal to construct metrics to measure the efficacy of United Way Financial Stability programs.

From January 2008, a proposal to construct metrics to measure the efficacy of United Way Financial Stability programs.

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  • Transcript

    • 1. Financial Stability Metrics: When Making a Difference Counts The United Way Financial Stability Program Presentation for the Annie E. Casey Foundation January 7, 2008
    • 2.
      • Shared Objectives:
      • Facilitating Asset Building and Wealth Creation
      • Equitable and Sustainable Economic Development
      • Shared Approaches:
      • Outcomes Driven Programs
      • Commitment to Measurable Results
      • Creative Solutions
      • Shared Constituents:
      • Thin- and No-File, Unbanked, and Credit Underserved
      • Disadvantaged and Low Income Entrepreneurs and Small Business Owners
      Why are we here?
    • 3.
      • Problem: how to quantify the real effect of financial stability and development projects on people and places
        • What are appropriate measures?
        • What is the appropriate time-frame?
        • What are the relevant benchmarks and control groups? (how many variables can be taken account of?)
      The Need
    • 4.
      • Evaluate the impact of United Way financial stability programs in 3 Locals (Forsythe County, Central Ohio, and Central Indiana):
        • Track the changes in the credit and financial profiles of participants
        • Benchmark performance against randomly selected individuals who are geographically and socio-demographically “close”—and to the extent that some who apply don’t join the program, serve as randomized trials (akin to procedures suggested by Poverty Action Lab)
      Proposed Solution
    • 5.
      • Developing metrics for evaluation financial stability projects (with United Way):
      • Enable the specification of outcomes through data comparisons with control groups;
      • Allow for a more accurate identification of individuals in need;
      • Permit faster and more accurate monitoring of progress in financial stability projects;
      • Helps allocate resources better;
      • Provide mid-project assessments of any need for additional interventions; and,
      • Identify differential program impacts on varying socio-demographic segments, better target clients.
      How this Helps United Way Locals
    • 6.
      • In short, a successful dashboard will result in better quality service for more people in United Way communities.
      How this helps UW Locals?
    • 7. Project Approach
    • 8. Project Approach
    • 9. Proposal Modifications April 08 January 09 Timing Unified two-year project Two-phased, two-year project with pilot phase (8 months) & implementation (16 months) PERC Partners TransUnion TransUnion & Social Compact Participating United Ways Forsyth County, Miami Dade, Palm Beach, Chicago, Brownsville, and Central Ohio. Addition of Central Indiana
    • 10. Request for Support
      • Project Cost: $320,000
      • United Way Contributions $ 75,000
      • Other Funding Potential $ 95,000
      • AECF Request: $150,000
      • Also in discussions with Mott Foundation, Progress Energy Foundation, and Z. Smith Reynolds Foundation.

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