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Congressional Briefing, “Ladders to Success: Center-Based Strategies for Moving Working Families into the Middle Class” (December 4, 2012), presented by United Way of the Bay Area, The Annie E. ...

Congressional Briefing, “Ladders to Success: Center-Based Strategies for Moving Working Families into the Middle Class” (December 4, 2012), presented by United Way of the Bay Area, The Annie E. Casey Foundation, Local Initiatives Support Corporation (LISC), MDC and United Way Worldwide.

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Congressional briefing presentation Congressional briefing presentation Presentation Transcript

  • CONGRESSIONAL BRIEFINGDecember 4, 2012
  • PresentersAnne Wilson, Chief Executive Officer United Way of the Bay AreaSusan Gewirtz, Senior Associate, Family Economic Success The Annie E. Casey FoundationLorne Needle, Chief Community Investment Officer, United Way of the Bay AreaKevin Jordan, Vice President, National Programs, Local Initiatives Support CorporationColin Austin, Senior Program Director MDCTse Ming Tam, VP Community Investment United Way of the Bay Area
  • Even with jobs, familiesstruggle to achieveeconomic securityCenter for Working Families(CWF)“No matter how hard you work,you can’t save money for toys orpizza.”“There I am doing the right thing,and whoa! I’m in another hole thatI’ve got to fill up.”
  • • Creator of the CWF concept• Provided seed funding and technical assistance• Supports ongoing evaluation• Facilitates sharing lessons and findings• Builds a leadership group of funders and implementers to scale and improve the approach
  • CWFs bundle serviceswithin and across 3 strategy areasEmployment/ Income/ Work Financial Services /Career Supports Asset BuildingDevelopmentJob readiness, Public benefits access Educational workshopsjob placement and financial coachingHard skills training, Tax credits One-on-one financialjob placement coaching and counselingCareer advancement: Student financial aid Financial serviceseducation and skill products: access to bettertraining, advising priced products (check cashing, loans, savings)
  • CWFs make a realfinancial difference for families 2006 tax refund $3,100 EITC, $1,500 Child Tax Credit Earning Credit $21,500 score rose Steady Joan 488 to 525 worker to 578 Smith CWF participant (2004-07) Two children Started Reduced home- debt based from $3900 business to $0 with $1,700 from savings
  • Bundling services increases criticaloutcomes2008 report Average Annual Costs per participant Bon Secours $1,600 2006-09 CNM Community College $843 2006-09 Met Center $1,900 2006-07
  • CWF participants improving financialhealth across variety of metricsAbt Associates, 2011• 55% improved their credit status, 2008-09• Participants improved their financial behaviors – Tracked their expenses, filed tax returns, reduced their use of refund anticipation loans, and saved for future purchases• Participants maintained stable monthly income – Through combining reduced earnings with increased income and work supports (despite the recession)• Participants reduced use of debt to cover living expenses – While increased asset-building debt
  • CWF approach is flexibleWorks with different platforms and populationsPLATFORM TYPES1. National intermediaries with neighborhood-based community partners – Key Measures : Total Family Income, Net Worth, Credit Scores, Employment Retention2. Community Colleges – Key Measures: Student Retention, Credits Earned, Credential and Degree Achievement, Income and Asset Improvements3. Head Start programs, emerging strategy – Key Measures: Emergency Savings, Employment, Total Family Income, and Long-term Social, Emotional and Cognitive Benefits for Children
  • Local Communities CreatingNational Impact
  • The San Francisco Bay Area
  • LISCFinancialOpportunityCenters
  • Number ServedJuly 1, 2011- June 30, 2012Across all sites 2011-2012 Fiscal YearWho received at least 2 types of services (bundled) 14,950As a % total participants 71%People placed in employment 5,200Net Income increases for those actively managing budgets 74%Credit Score improvements for those addressing the score 60%Total co-investment leveraged $8,400,000
  • DemographicsPercentage of clients who… 2011-2012 Fiscal Yearare female 56.6%are African American/Black 57.8%are Latino/Hispanic 26.2%have a high school diploma or less 63.1%are below Federal Poverty Line at program 76.1%entryhave criminal backgrounds 32.4%are working at program entry 27.3%
  • Learnings from Mature Sites• Direct connection between financial and workforce outcomes – Raising income & lowering expenses together lead to better client success over time• Systems change requires partnerships – LISC and United Way working together in eight cities – Community colleges working with CBOs in four cities
  • MDC Centersfor WorkingFamiliesHelpingStudentsSucceed
  • The opportunity & challenge• Community colleges are uniquely positioned to help individuals and families move out of poverty through education and training• 75% of community college students work and/or support a family, and need financial resources to complete post-secondary credentials
  • What do students experience? • Financial Education Workshops • Personal Financial Coaching • Income Tax Assistance • Matched Savings Programs
  • Achievements• Increased student retention• Local partnerships leveraged multiple sources of public and private funding• Colleges institutionalizing practices for long-term sustainability
  • United Wayof the Bay AreaSparkPoint Centers
  • What is the goal of SparkPoint?We’re testing a model… …to move as many individuals to financial stability as possible. 21
  • Financial stability definedAll Centers share the goal of helping individuals achieve financial stability,as defined by
  • SparkPoint Results 2009-present• 7,000+ participants served at 10 sites• 55% made financial progress – Credit Average credit score increased 80 points from 550 to 620 – Savings Average savings increased $215 – Debt Average debt reduction is $1,710 – Income Average annual income increased by $9,132• Clients who bundle are 5 times more likely to make progress – 4% of non-bundlers vs. 21% of bundlers• Better integration improves bundling rates
  • Key Lessons LearnedParticipants 1. Bundling works 2. Success takes time 3. Language, education and work experience influence outcomes 4. Uniform eligibility criteria makes it easier for working families to get the help they need
  • Key Lessons LearnedSystems 1. Model changes how organizations work together 2. Better leverages resources 3. Better leverages data 4. Success takes time
  • Questions &Discussion