Resources and the Changing CSA Funding Landscape May 14, 2020 2:00 - - PowerPoint PPT Presentation

CSA Virtual Discussion: Connecting Families to Financial Resources and the Changing CSA Funding Landscape

May 14, 2020 2:00 – 3:15 PM EST

Welcome

Oliver Robinson

Program Associate, Children's Savings Prosperity Now

Housekeeping

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Housekeeping

Today's Hosts

Shira Markoff

Director, Children's Savings Prosperity Now

Erin Thiemann

Program Manager, Children's Savings Prosperity Now

Oliver Robinson

Program Associate, Children's Savings Prosperity Now

Today's Speakers

You!

CSA Practitioners, Prosperity Now Community

Erin Thiemann

Program Manager, Children's Savings Prosperity Now

Why we're having this call

▪ Discuss how CSA programs are connecting participating families to resources to address immediate financial needs ▪ Discuss how CSA programs can respond to the changing funding landscape in light of the COVID-19 crisis and its impact on private philanthropy

Objectives for Today

Shira Markoff

Director, Children's Savings Prosperity Now

Group Discussion Format

▪ All attendees are muted for sound

quality.

▪ To be unmuted: If you connected via

phone, make sure you enter your audio PIN. The audio PIN is in the Audio table of your control panel. If you are connected via computer audio, your audio PIN is already set.

▪ If the control panel is closed, click on

the arrow icon to expand your view.

▪ To be unmuted and join the

conversation click the “Raise Hand” icon and we will unmute you. Want to be unmuted?

Dial in by phone and enter your audio pin—then raise your hand!

How to Join the Conversation

Providing resources to address immediate financial needs

Organization Highlights

Maria Cadenas

Executive Director Santa Cruz Community Ventures

▪ Over 90,000 undocumented workers live in Monterey Bay. ▪ Local data has shown that families with undocumented workers are more likely to:

• Live in overcrowded conditions
• Be at risk of eviction
• Have limited savings
• Rely more on predatory financial services during

hardships

UndocuFund Monterey Bay

▪ UndocuFund Monterey Bay is a collaborative effort to assist Monterey Bay area undocumented immigrant workers impacted by COVID-19 through a one-time financial emergency gift. ▪ Partner organizations distribute 100% of the funds raised to qualified households and ensure recipients are connected to resources including food assistance and medical care.

UndocuFund Monterey Bay

Jacob DuMez

Manager, Policy and Programs San Francisco Office of Financial Empowerment

▪Hosted Facebook Live event with the Student Borrower Protection Center ▪Answered questions about student loans during COVID-19

San Francisco Office of Financial Empowerment

▪ Weekly Facebook Live featuring experts in consumer protection topics:

▪ Student debt (with Student Borrower Protection Center) ▪ How to get free legal help ▪ Debt collection and new protections ▪ Stimulus payments ▪ Housing protections/relief for homeowners and renters ▪ Criminal justice reforms, child support, fines and fees ▪ www.facebook.com/sfofe ▪ https://www.facebook.com/192746694126947/videos/5407 84130160504

San Francisco Office of Financial Empowerment

Abigail Marquez

Assistant General Manager Housing + Community Investment Department

• f Los Angeles

Angeleno Card

Daniel Backman

Chief of Staff NYC Kids Rise

▪ NYC Kids RISE Save for College Program includes more than 10,000 K-2 families across School District 30 in Queens, one of the most diverse school districts in the country and one of hardest- hit areas from the COVID-19 pandemic. ▪ Raised more than $815,000 to date to provide emergency cash relief gift cards to nearly 5,500 families in the Save for College Program

• Support from the Gray Foundation, Robin Hood's

Relief Fund, and other supporters

NYC Kids RISE Emergency Cash Relief

▪ $150 cash disaster relief gift cards, provided at no additional cost by Amalgamated Bank and FIS, can be used for nearly any expense wherever Mastercard is accepted. ▪ Cards made available to participating families throughout the school district, with additional targeted support in highest-need communities:

• Families living in the four NYC Housing Authority (NYCHA) public

housing developments in District 30

• Families that attend 11 elementary schools in Jackson Heights,

East Elmhurst, and Corona, the hardest-hit zip codes in NYC

• These families are at the "epicenter of the epicenter" of the crisis

and are least likely to benefit from federal government support passed to date.

NYC Kids RISE Emergency Cash Relief

Questions for Programs

▪ We want to hear from you! ▪ How are you helping your families meet their immediate needs? ▪ What are some ways you’ve identified resources and partners in your local community that can provide support and assistance to families? Discussion

COVID-19 and the Changing Funding Landscape

CSA Funding Pre-Crisis

2019 State of the Field Report

2019 State of the Field Report

2019 State of the Field Report

The Changing Funding Landscape

▪ State and local government are cash strapped from double hit of lower revenue and higher expenses ▪ Philanthropy may prioritize specific COVID-19 related support

• Foundation budgets may take a hit from the stock

market volatility

The Challenge

Melissa Grober-Morrow

Development Fellow Prosperity Now

Discussion

Shira Markoff

Director, Children's Savings Prosperity Now

Melissa Grober-Morrow

Development Fellow Prosperity Now

▪ What questions do you have for our speaker? ▪ What are you hearing from your funders? ▪ Have you worked with your funders to adapt your grant deliverables or adjust the uses of your funding to meet families’ needs?

Your Turn

Next Steps and Close

Prosperity Now Resources – COVID

The Unequal Impact of the COVID-19 Crisis on Households' Financial Stability

CSD Brief

Reach out via email: savingsforkids@prosperitynow.org

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