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|Asset Funders Network|
AFN is a community of foundations and grantmakers advancing programs, policies, and strategies that help low-wealth individuals accumulate financial assets, build their net worth, and become owners and stakeholders in their communities.
Have asset-building news or event information to share
in the next AFN newsletter?
Happy Holidays from AFN!
AFN Grantmaker Meeting 2013
Save the Date!
The DuPont Circle Hotel
Pre-meeting (optional): Wed, October 2nd
Meeting: Thursday, October 3rd - Friday, October 4th
AFN will offer a registration discount to members.
Note: This meeting is for grantmakers only - thank you!
Official invitation to follow in early 2013.
Mark your calendar!
We are pleased to welcome our newest members to the AFN community. Welcome!
The Kresge Foundation
Marin Community Foundation
Thomson Family Foundation
Sue Matkin, United Way of Tarrant County
AFN Welcomes Alandra Washington, W.K. Kellogg Foundation, to Steering Committee
AFN is proud to welcome Alandra Washington of the W.K. Kellogg Foundation as our newest steering committee member this December. We are delighted to have Alandra's experience and expertise guiding AFN - welcome! Please take a moment to read Alandra's bio below.
Alandra L. Washington is the deputy director for the Family Economic Security and Education and Learning teams at the W.K. Kellogg Foundation.
Alandra supports the vice president for programs in providing overall coordination of the teams' programming efforts in support of the Foundation's mission. She is responsible for grantmaking management and administration, and assists the vice president in providing day-to-day management and oversight of the teams' human, technical, and financial resources. In addition, Alandra manages a portfolio focused on philanthropic engagement and community philanthropy. She was the inaugural recipient of the of AAPIP's 2012 Banyan Tree Award for her extensive work and support of community philanthropy initiatives across the Asian American and Pacific Islander communities.
The Annie E. Casey Foundation
1) Senior Associate - Performance Management Knowledge Support Team
2) Senior Associate - Evaluation and Research
ELEANOR FOUNDATION AND CHICAGO FOUNDATION FOR WOMEN CREATE STRATEGIC ALLIANCE
Chicago Foundation for Women to manage combined program focused on economic security for women and their families
I am pleased to announce that the Eleanor Foundation, a public grant-making fund focused on helping female-headed households achieve economic self-sufficiency, has formed a strategic alliance with Chicago Foundation for Women (CFW) to maximize impact in this crucial area of need for local women.
The Eleanor Foundation will wind down its stand-alone activities and bring nearly $7 million in assets, its unique "Eleanor Network" grant-making program, and its key board leaders and supporters to CFW.
This is a catalytic moment.
This historic alliance is an unprecedented opportunity for CFW. With this alliance, CFW plans to grow its total grantmaking to $3 million a year within five years.
What do you think about this news? Send me your thoughts on our Facebook page or tweet me directly on Twitter: @k_sujata.
Read our coverage in the in the Chicago Tribune or our press release.
With Highest Regards,
Spotlight on Microenterprise
A service of CGAP, the Microfinance Gateway is the most comprehensive online resource for the global community dedicated to advancing financial services for the poor.
Whether you're looking for the latest publications, events, jobs, or trainings, let the Gateway be your guide.
Find out more about Microfinance Gateway.
Webinar Co-Sponsored by AFN and Bay Area AFN
A Savings Plan for Every Worker: Essential Steps for Implementing the California Secure Choice Retirement Program
Monday, January 14th, 2013
12:00-1:30pm PST/3:00pm - 4:30pm EST
- Dan Reeves, Policy Director for State Senator DeLeon (CA-D)
- Reid Cramer, Director, Asset Building Program, New America Foundation
- Teresa Ghilarducci, Professor, The New School
One of the largest impediments to long-term asset building is the fact that half the workforce does not participate in a retirement saving plan. They either don't work for an employer that offers a plan or they don't sign up. Policy proposals to create a universal 401(k) system which feature automatic enrollment and an employer mandate have gained support but not yet gotten over the finish line. Until now.
California recently passed a landmark bill to create the California Secure Choice Retirement program which sets in motion a process to study, design, and implement the nation's first state-administered, private retirement savings program to cover those currently left out. Sponsored by State Senator Kevin DeLeon and signed by Governor Jerry Brown, this is a major opportunity for the asset building field which has the potential to impact millions of families in California and serve as a model other states across the country. Yet, there are many hurdles that must be surmounted to make this vision a reality. There are significant roles to be played by the funder, research, policy development, and advocacy communities.
Join us for a discussion of this unfolding opportunity.
This webinar is for grantmakers only - thank you!
AFN Grantmaker Meeting 2013
Save the Date!
The DuPont Circle Hotel
Pre-meeting: October 2nd
General Meeting: October 3rd and 4th
Invitation to register coming in 2013.
AFN Regional Chapter Events
Bay Area AFN Member Meeting
Riding the Wave: Advancing California Asset Building Policy
Date: Tuesday, February 5th, 2013
Informal Networking Lunch (optional): 11:30-12:00pm
Meeting: 12:00- 2:00pm
Location: PolicyLink - Oakland, CA
For almost a decade, asset-building advocates have been working to educate legislators and other policymakers about the benefits of, and need for, state policy to expand opportunities for low- and moderate-income Californians to build financial assets. Recently, these efforts have included intensive "grassroots" engagement - through listening sessions and surveys of individuals and families in communities across the state - to better understand residents' needs and priorities. At the same time, advocates have been communicating and coordinating across networks to leverage connections, constituent voices, and political influence to affect policy change.
Come to the February 5th meeting of the Bay Area Asset Funders Network to hear from California asset-building leaders about their asset-building policy priorities for 2013. The discussion will cover a broad range of issues including efforts to expand access to higher education, develop appropriate financial products and services, regulate payday lending, advance new retirement savings opportunities, monitor the attorneys general settlement, implement the California Homeowners Bill of Rights, and other topics.
Registration open to all interested grantmakers.
|Events from the Field
National Dialogue on Foreclosure in Communities
Tuesday, December 18th
The call will be co-hosted by the Neighborhood Funders Group (NFG) Working Group on Housing Justice and Community Transformation and The Annie E. Casey Foundation. At the beginning of the call, we'll take a few minutes to update you about the continued transition of the dialogues new home and activities of the Housing Justice Working Groupand to answer any questions you may have.
As the Housing Justice Working Group evolves, we will be working to integrate the dialogue with program events and activities explicitly to engage and connect funders to the innovative work underway in communities across the country. We hope you will join us on this call to learn about and help enable inform our transition.
Should you have any questions, comments, or concerns, feel free to call or email Dania Rajendra at Dania@nfg.org, or (202) 652-2400 Ext 14
Research Symposium - Restoring Wealth After the Great Recession: Why Household Balance Sheets Matter
February 5-7, 2013
St. Louis, MO
Through commissioned papers, keynote speeches and a competitive call for papers, this Symposium will highlight the critical role of household balance sheets in restoring household financial stability (day one) and national economic growth (day two). The draft agenda is attached. We will begin with a reception and dinner on the 5th, and wrap up by 2:00 p.m. on the 7th. This event is co-sponsored with the Research Department of the St. Louis Fed and Washington University in St. Louis. Register no later than Tuesday, January 29 as space is limited for this event as well.
Sponsored by the Household Financial Stability initiative and Research Department of the Federal Reserve Bank of St. Louis, along with the Center for Social Development at Washington University in St. Louis.
Learn more and register here.
Woodstock Institute's 40th Anniversary
Research Symposium and Gala
Save the Date!
October 2nd and 3rd, 2013
The Sheraton Chicago
Woodstock Institute will celebrate 40 years of advancing economic security and community prosperity with a research symposium and gala--more details to come soon!
Asset-Building News and Information
2013 Application Due Dates and Modified Funding Opportunity Announcement
2013 Application Due DateThe due dates for the Fiscal Year 2013 Assets for Independence (AFI) applications have been revised to:
- March 25, 2013
- May 24, 2013
The January 25, 2013 application due date has been removed. Applicants who were planning to submit proposals in early 2013 are still strongly encouraged to do so.
As always, applications for AFI funding can be submitted any time through grants.gov. Due dates for applications refer to the last day that an application may be received for consideration under the next scheduled review.
Modified Funding Opportunity Announcement
A modified Funding Opportunity Announcement (FOA) was released on December 5, 2012. Changes in the new FOA include:
- Revised point structure
- Explicit request to demonstrate experience with allowable asset categories
- Modest revisions to the evaluation criteria
More detail on the modifications and the new FOA are available at http://www.acf.hhs.gov/grants/open/foa/view/HHS-2011-ACF-OCS-EI-0137. Applicants are strongly encouraged to review the modified FOA to ensure their application is responsive to the evaluation criteria. The estimated total funding and expected number of awards for 2013 has not changed.