The Ideas for Action Award is a competition to develop new thinking to reduce poverty by shining a light on practical policy shifts that help low-income people build their futures.
In September 2012, a panel of experts in the field selected four innovative efforts to receive awards that pursue two significant approaches to poverty reduction:
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Financial Asset Building
Nearly 10% of the nation’s households lack banking accounts, and another have minimal savings. The nation’s banks contributed to the Great Recession but are too often an absent player in the struggle to increase low-income people’s assets and financial adeptness. Winning initiatives significantly increase the number, intensity, and impact of financial and asset-building services for low-income populations.
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Pathways out of Poverty
Getting and staying out of poverty presents multiple barriers. Many government assistance programs—including Temporary Assistance for Needy Families (TANF)—utilize a “work first” approach that place women with children in a succession of low wage jobs. For many of these women, underlying problems contributing to poverty go unaddressed, leaving them stuck on the precipice of poverty. The award winning programs break this cycle by supplying the critical support and training to capitalize on opportunities for economic independence and stability.
The awardees hold great potential to open up new futures for people living in poverty. Below, learn exactly how these inspiring ideas are rooted in action. They will be enthusiastically shared with thought leaders, policy makers, and practitioners across the Upper Midwest, Pacific Northwest and nationwide. Winners will receive support for travel for presentations at specific conferences and partnership opportunities. Two submissions were selected to receive an Achievement Award of $10,000; two submissions were selected to receive a Promising Practices award of $5,000.
Achievement Awards
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ArkansasCareerPathways
www.arpathways.com
Arkansas
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Arkansas Career Pathways helps thousands of community college students (90% women) gain skills for jobs paying above minimum wage. Often, a “work first” approach creates active opposition to sending women on welfare to college. But in Arkansas, the alternative partnership between the Department of Workforce Services (TANF agency) and the Department of Higher Education’s community colleges identifies high-demand jobs, provides women in poverty with the training and support to fill those jobs, and works to close the skill gap which otherwise would make the state’s companies less competitive. Students in the program achieve a ten-point higher student success rate and the initiative exceeds all performance measures set by state legislators (enrollment, attainment, entering and retaining employment).
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TheFinancialClinic
www.thefinancialclinic.org
New York
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Navigating the bewildering post-recession world of financial development is a critical step in escaping poverty. The Financial Clinic is an exemplar of new approaches to increase the number, intensity, and impact of financial and asset-building services boosting low income populations. The Clinic, working in conjunction with numerous public, private, and nonprofit organizations including United Way of New York City and New York City Human Resource Administration- Emergency Intervention Services, embeds financial services and asset building assistance in countless locations where low income populations seek help, from homeless shelters to literacy or skills training programs.
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Promising Practices
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CWU logo
www.liveworkthrive.org
Boston
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Crittenton Women’s Union (CWU) of Boston pioneers new ways to help women struggling in poverty, parenting children alone, and living with the threat of domestic violence—a group often overlooked or avoided because of the complexity of their challenges. CWU has allied with multiple providers to make certain critical services are available, with a focus on integrated support service delivery for clients. Its new program called Career Family Opportunity focuses on designing and carrying out five-year sustainability plans for single parents. Early results indicate an impressive capability to provide assistance to women living in public housing.
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IowaCreditUnionFdn
www.iowacreditunionfoundation.org
Des Moines
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The Iowa Credit Union Foundation helps struggling people to start and build savings by lining up matching funds, cutting red tape, and delivering additional assistance. The Foundation’s broad coalition of partners in government, nonprofit, and business has successfully overcome traditional challenges to the Individual Development Account (IDA) model, including administrative costs and matching fund sources. It has proved that IDAs can be critically valuable tools for securing education, housing, and a way forward for people with virtually no assets, especially when paired with additional financial services such as credit counseling.
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Learn more about Ideas for Action, or contact us if you have any questions.