Our February 2015 newsletter includes:
- A report from the Internal Revenue Service (IRS) launched the Earned Income Tax Credit Awareness outreach campaign to ensure that millions of low and moderate income workers get the credit they deserve.
- The brief, College Savings Plans: A Platform for Inclusive and Progressive Child Development Accounts, from the Center for Social Development (CSD) proposes a universal and progressive national CDA policy.
- A brief from the Tax Policy Center examines net capital gains realizations by utilizing zip-code level data on taxes and demographics.
- And of course a letter from Joe Antolin, AFN Executive Director.
FROM THE DIRECTOR
Over its 10 year existence, AFN has stayed true to its mission to increase the knowledge and capacity of funders to effectively increase financial security of low-moderate income individuals and families through asset-building strategies.
Our fifth biennial national grantmakers conference in Dallas, Integrating Across Sectors, is focused on an innovative funding approach that recognizes the need for a collaborative, cross-sectional method for bringing greater economic security and upward mobility to many of the nation’s families. We will take a close look at the asset-building strategies that are effectively working to address the reality of the financial insecurity challenges facing our communities today:
- gender, racial and ethnic wealth gaps;
- decreased home ownership rates;
- unaffordable post-secondary education,
- growing asset poverty.
Financial insecurity neither reflects justice or equity. Playing by the rules and working hard does not create financial security. This seems at odds with our shared belief in an American Dream. AFN, by and through its members, believes that reinvigorating opportunity is both a private and public sector challenge. We develop and test asset-building strategies and the policies needed to achieve greater returns on investment. It’s been shown that philanthropy, coupled with its grantees, can and will lead the way, whether it’s launching new ideas; experimenting with different paths; establishing common metrics, best practices and scaling approaches; funding research; and defining what has to change to achieve systemic and broad impact.
2015 promises to be a critical year. With more states and cities understanding the steep challenges facing its residents, politicians are rhetorically calling for policies to reinforce the middle class. Thus, asset-building strategies will increasingly be a key part of the policy and practice answer for many years to come.
AFN and its growing membership are poised to deliver. By focusing on funding strategies that provide complementary growth across sectors and fuel positive change and impact in communities across the country, AFN’s conference in Dallas provides grantmakers an opportunity to hear and learn how to invest in a creative model that has the potential to generate a significant return.
Staff and Board members of foundations, United Ways, and private funders are encouraged to come to AFN’s 2015 Grantmakers National Conference, Integrating Across Sectors. Join us in Dallas. Share your knowledge. Exchange ideas! Join AFN.
Joseph A. Antolín
Asset Funders Network