The Paul G. Allen Family Foundation spearheaded this report in hopes of spurring organizations in the asset building field to reflect on their current work, come together, and work intentionally for the long haul in order to end poverty for individuals and communities. The report, Disrupting Poverty: Coming together to Build Financial Security for Individuals and Communities, came out of research into six programs focused on disrupting poverty by building financial security. The most important finding was the value of integrating efforts aimed at individual capability with those that expand market opportunities. Additionally, several factors are key to organizations sustaining this work over a longer period of time: capitalizing on their core strengths and aligning their expertise with that of community partners, recognizing and addressing common barriers in an organized manner, and leaving room to tackle unpredictable challenges.
Poverty continues to be one of the strongest social challenges in America, with wealth gaps ever widening. Learn lessons and best practices from six projects striving to build financial security that assist individuals and the broader community.
NCG member FSG, prepared the report. Here are their key concepts to get the most out of this report.
- For those in the asset building and financial empowerment fields, combining efforts aimed at individual capability with those that expand market opportunities has been shown to help alleviate poverty and invigorate communities.
- Key factors to sustaining this work are: capitalizing on core strengths and aligning expertise with that of community partners, recognizing and addressing common barriers in an organized manner, and leaving room to tackle unpredictable challenges.