Funder Insights: Effective Philanthropic Strategies to Address Systemic Debt and Strengthen Family Financial Stability
According to the Federal Reserve Bank of New York, the total debt in the United States has reached a staggering $17.8 trillion, with $4.9 trillion being non-housing debt. This significant debt burden undermines family financial stability and security, especially for households of color. These households often grapple with budgetary challenges, finding that essential needs like housing and child care exceed their monthly income. Addressing debt is crucial for funders who aim to improve financial security and address the racial and ethnic wealth gap. This webinar will emphasize the vital role that philanthropy can play in addressing systemic debt, including public sector fines and fees, medical debt, student loan debt, and high-cost small-dollar loans.
On October 8, 2024, Join the webinar to learn about:
- Insights from the Southern Partnership to Reduce Debt (SPRD), a multi-year, multi-state effort designed to address the racial and racial-ethnic wealth gap and enhance financial security for households of color.
- Effective philanthropic strategies to address medical debt and fines and fees
- Best practices for supporting grantees working to tackle systemic debt
In conjunction with this webinar, AFN will release a case study titled “What Grantees Want Funders to Know: Lessons from the Southern Partnership to Reduce Debt.”
Speakers
Francesca Jean-Baptiste, The Annie E. Casey Foundation
Perri Rosheger, H.E. Butts Foundation
Rev. Shantell Hinton Hill, Winthrop Rockefeller Foundation
Karen Murrell, Asset Funders Network
Accessibility Statement
Captioning will be provided. If you have any other accessibility requests or questions, please email Nikki Armstead at nikki@assetfunders.org. Requests for reasonable accommodations must be received by October 1, 2024, to ensure our ability to meet your request.
