Designing a CSA Program for Your Community with an Equity Lens - - PowerPoint PPT Presentation

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Designing a CSA Program for Your Community with an Equity Lens

October 24, 2019

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Welcome

Oliver Robinson

Program Associate Children's Savings Prosperity Now

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Housekeeping

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Our mission is to ensure everyone in our country has a clear path to financial stability, wealth and prosperity.

(formerly CFED)

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Join today to help achieve our vision of expanding CSAs to more children across the US!

Campaign for Every Kid’s Future

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• Overview: Designing CSA Programs with an Equity Lens
• Program Spotlights
• Boston Saves
• CollegeBound Saint Paul
• Discussion
• Audience Q&A
• Wrap-up and Next Steps

Today’s Agenda

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Today’s Speakers

Shira Markoff

Director Children’s Savings Prosperity Now

Kimberly Lucas

Open Data Manager Citywide Analytics Team

• Dept. of Innovation &

Technology City of Boston

Ikram Koliso

Program Manager CollegeBoundSaint Paul City of Saint Paul

www.savingsforkids.org

Overview

Shira Markoff

Director Children's Savings Prosperity Now

www.savingsforkids.org

• Long-term savings or investment accounts for children (0-18)
• Usually used for postsecondary education
• Provide incentives to build savings (e.g., seed deposit and matches)
• Account withdrawals are restricted

What Are CSAs?

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Designing CSA Programs with an Equity Lens

• CSA programs aim to help all children

complete postsecondary education

• But they’re operating within a

society with deep racial and economic inequities

• Equity – Absence of systematic

differences between groups with different levels of underlying social advantage or disadvantage

• To promote equity, program design and
• perations must account for the uneven

playing field many children face

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Key Principles for Promoting Equity

• Community-centered design – Center community

involvement, particularly focusing on low-income households and households of color.

• Accessibility and inclusivity – Ensure all program

elements are accessible to children from low-income households and children of color.

• Targeted deployment of resources – Direct more

resources to communities facing structural barriers to economic advancement.

• Ongoing community engagement – Continuously gather

feedback from participants and other community members.

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• Design
• Program goals – Explicitly establish addressing inequities as a

primary goal rather than a general goal about supporting all children

• Enrollment – Automatic enrollment ensures equity in participation
• Incentives – Provide more benefits to communities facing structural

barriers to economic advancement

• Implementation and Operations
• Communications and outreach – Focus marketing and outreach

efforts on low-income communities and communities of color

• Partnerships – Have a range of community partners to engage

participants and deliver services.

• Tracking outcomes – Collect data to determine program impact on

different demographic groups and progress toward equity goals

Equity Considerations in Design and Operations

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Spotlight: Boston Saves

Kimberly Lucas

Open Data Manager Citywide Analytics Team

• Dept. of Innovation &

Technology City of Boston

Mission

Boston Saves empowers families to save and plan for their children’s futures with the support of their city, schools, and community.

Vision

A citywide culture that supports the educational and career aspirations of Boston’s children and their families.

Program Values

• Research- and Evidence-Based
• Equity
• Family and community centered
• Two-generational
• Innovation

Boston Saves piloted at 11 Boston

Public Schools. Every child in K2 at a pilot school received a Boston Saves account with $50 that remains with them for at least 13 years, until they are ready to pursue post-secondary education or training. They can accrue funding through

• ngoing engagement with the

program, up to high school graduation.

Boston Saves Pilot Overview (2016-2019)

Seed

Growth Reinforcemen t Support

09.05.XX

$50 in each account Up to $40 in incentives each year Tools to track progress Free events & resources

How does Boston Saves work? Boston Saves helps families save and plan for their child’s college and career training over the long term

Check out our online webinar for more details on how the program works!

17

What are the incentives? Families can earn $115 in the first year and $40 per year in recurring incentives for their child’s Boston Saves account

18

Incentive-earning activity Amount Frequency Seed funds $50 One-time (upon entering K2) Linking personal account using the online platform $25 One-time (anytime) Saving at least $25 in a quarter in a linked account $5 Once per quarter (through high school graduation) Reading regularly with your child and reporting it using the online platform $5 Once per quarter (through 3rd grade)

Pilot Results

A Almost

$15,000

earned in incentives

$80,000

Invested in seed funding

1,600

Kindergartners enrolled in Boston Saves

Going to Scale (SY2019-2020)

Boston Saves is now district-wide as of Fall 2019, serving over 80 BPS schools and 4000 new Kindergarteners. That is $200,000 in seed funds!

How Did We Get Here?

Equitable Design:

Families First: Family-Centered Design

Equitable Design:

Bring Partners In: Collaborative Learning Cohorts

Equitable Design:

Create Feedback Loops: Family Champions

Family Champions work on behalf of Boston Saves to engage families and raise awareness of the program.

• 19 Family Champions, each assigned to a

school.

• Attended 4 training workshops
• Attended 66%of school events and

4 community events.

Impact:

Schools with a Family Champion had an average login and account linking attempt rate that was 70% higher than schools without a Family Champion.

Equitable Design:

Follow Through

• Savings Center UX Testing
• Non-monetary incentive
• Curriculum integration
• Language access

• 1. Create the space to let people surprise you
• 2. Listen, support, + follow through
• 3. Identify + invite experts who can help solve the

problem

• 4. Show them you see them

Lessons Learned

Questions?

BostonSavesCSA.org @BostonSavesCSA

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Spotlight: CollegeBound Saint Paul

Ikram Koliso

Program Manager CollegeBoundSaint Paul City of Saint Paul

www.savingsforkids.org

Discussion

Shira Markoff

Director Children’s Savings Prosperity Now

Kimberly Lucas

Open Data Manager Citywide Analytics Team

• Dept. of Innovation &

Technology City of Boston

Ikram Koliso

Program Manager CollegeBound Saint Paul City of Saint Paul

www.savingsforkids.org

Q&A Facilitator

Shira Markoff

Director Children's Savings Prosperity Now

www.savingsforkids.org

Audience Q&A

What questions do you have? Share them in the Questions box!

www.savingsforkids.org

Speakers

Kimberly Lucas

Open Data Manager Citywide Analytics Team

• Dept. of Innovation &

Technology City of Boston

Ikram Koliso

Program Manager CollegeBound Saint Paul City of Saint Paul

www.savingsforkids.org

Wrap-up

Oliver Robinson

Program Associate Children's Savings Prosperity Now

www.savingsforkids.org

• Explore our many CSA resources
• Join the Campaign for Every Kid’s Future or other

Prosperity Now networks

• Stay in touch or ask questions
• Share your feedback and suggestions in our survey

Next Steps

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CSA Resources

CSA Starter Kit & Investing in Dreams (Step-by-step CSA design guide) www.prosperitynow.org/csa-starter-kit

CSA Directory/Map www.prosperitynow.org/map/childrens-savings

Campaign Website (FAQs, program info, policy, research) www.savingsforkids.org

www.savingsforkids.org

• December 17: Key Considerations When

Developing Statewide CSA Policies

Upcoming Webinar

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Plug in to the Prosperity Now Community

▪ Campaign for Every Kids Future — Children’s Savings Accounts ▪ Adult Matched Savings Network ▪ Racial Wealth Equity Network ▪ Financial Coaching Network ▪ Taxpayer Opportunity Network ▪ Health and Wealth Network ▪ Affordable Housing Network ▪ Innovations in Manufactured Housing (I’M HOME) Network

Visit any of the networks above at prosperitynow.org/get-involved to get started.

Sign up for listservs and working groups, volunteer to facilitate peer discussions, serve in a leadership role and more!

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Take action with Prosperity Now Campaigns!

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will advocate for products and policies that provide more affordable homes to more people. HOMEOWNERSHIP Consumer protections create fairer, more transparent financial

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will protect programs like SNAP, IDAs and more to help those in need when they need it most. The vast majority of tax incentives go to those at the top, not to those who need it

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FINANCIAL SECURITY

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Stay in Touch!

Oliver Robinson

Program Associate, Children’s Savings Prosperity Now

• robinson@prosperitynow.org

202-207-0121

Shira Markoff

Director, Children’s Savings Prosperity Now smarkoff@prosperitynow.org 202-207-0141

www.savingsforkids.org

Stay in Touch!

Kimberly Lucas

Open Data Manager, Citywide Analytics Team Department of Innovation & Technology City of Boston Kimberly.lucas@boston.gov

Ikram Koliso

Program Manager CollegeBound Saint Paul City of Saint Paul Ikram.Koliso@ci.stpaul.mn.us

www.savingsforkids.org

Thank You!

Please take our survey following the webinar