June 2016: Leveraging the Tax Moment to Build Financial Capability

On June 9th, the Taxpayer Opportunity Network, JPMorgan Chase and the EITC Funders Network co-sponsored an engaging discussion about leveraging the tax moment to build financial capability for low- and moderate-income taxpayers. The webinar featured representatives from foundations, government agencies and practitioners sharing the lessons they’ve learned about tax-time financial capability integration and the questions they’re still trying to answer. Speakers…

From Our Partners: AFN’s Strategy Spotlight on Building Wealth through Tax Reform

Federal and state tax policies contribute to the growing wealth divide by incentivizing higher-income households to continue to build assets while limiting wealth building opportunities for lower-income households. Funders have long played an important role in supporting work to advance more progressive and equitable tax policies. The Asset Funders Network’s new Strategy Spotlight report highlights innovative tax reform…

Lessons Learned from the Work Support Strategies (WSS) Initiative

Approximately five years ago, the Work Support Strategies (WSS) initiative provided a group of diverse states (Rhode Island, North Carolina, South Carolina, Illinois, Colorado, and Idaho) with funding and technical assistance to streamline and integrate the delivery of key work supports. In April, CLASP released a comprehensive report on lessons learned from the significant work to integrate and align across…

What it Means to Live in a Banking Desert

A recent Atlantic article, Life in a Banking Desert, explores the implications of the increasing percentage of households living in communities without access to mainstream banking services. The article cites a March New York Fed study that highlights the decades-long trend of bank branches closing in lower-income communities and communities of color. Similar to convenience stores moving into…

States without EITCs Rank Low on Social Justice Indicators

Loyola University’s Jesuit Social Research Institute has issued a report  that assesses how all 50 states are faring in three overlapping dimensions of social justice: poverty, racial disparities, and immigrant exclusion. As this Tax Credits for Working Families post points out, the states at the very bottom of the overall rankings (Louisiana, Mississippi, Texas, Alabama, Georgia, and New Mexico) are also…

June 2016 Newsletter Interview: Steven Lee, Managing Director at Robin Hood Foundation

The Robin Hood Foundation, New York’s largest poverty-fighting philanthropic organization, is taking on a bold new initiative to enroll currently unenrolled, but eligible low-income New Yorkers in the EITC and other public benefits. We recently sat down with Robin Hood Managing Director Steven Lee to learn more about the Foundation’s “Billion Dollar Challenge.” What is…