Asset Funders Network

Over the last ten years, #entrepreneursofcolor have had the greatest growth in business ownership, accounting for more than 50 percent of the two million newly created firms. Community Development Financial Institutions (CDFIs) play a vital role in strategically leveraging opportunities for wealth creation for entrepreneurs of color. Want to learn more about CDFIs? Join AFN on July 31st at 1pm ET for a webinar/brief which will highlight successful and innovative strategies to position #CDFIs as #wealth-building mechanisms including recommendations on how #philanthropy may invest to narrow the racial and ethnic #wealthgap through investments to expand small business. REGISTER HERE: https://loom.ly/JRCSzcg CITI Prudential The Rockefeller Foundation Truist

Here's what we know: Surviving is not thriving. ALICE, encompassing early education workers, laborers and movers, home health aides, heavy truck drivers, store clerks, repair workers, and office assistants - are often the most essential workers in our community, yet among the most financially vulnerable. They live paycheck to paycheck, forced to make impossible choices: pay the rent or buy food, receive medical care or pay for childcare, pay utility bills or put gas in the car. In a significant community conversation on 102.5 FM, host LaGanzie Kale spoke about the mental health challenges ALICE (Asset Limited, Income Constrained, Employed) populations face in Northeast Arkansas. Joined by Kenya Ward, LCSW, the discussion highlighted the unique struggles and mental health implications for these hardworking yet financially strained individuals. Read the article here: https://loom.ly/XLj1i9c. #WRF #ALICE2024 #ALICEINAR

AFN welcomes the HYDE FAMILY FOUNDATION! the Hyde Family Foundation focuses support on high-impact programs that develop new knowledge, improve public policy, nurture civic creativity, strengthen institutional foundations and engage the public. The ultimate goal is a better, more progressive Memphis. AFN looks forward to collaborating with you! #AssetFunders #Philanthropy #Changemakers

Were you unable to attend AFN's webinar last week? Collaboration Beyond A Crisis: Partnership Models to Advance Economic Justice and Systems-Level Change is available for replay! Watch here: https://loom.ly/WL9g-VY In this session, we: • Discussed to continue to activate AFN’s Realizing Economic Justice framework to reexamine power, disrupt systems and invest in economic justice. • Elevated data that centers community voice and power to inform action-oriented solutions for philanthropy and other stakeholders to deepen efforts to support economic justice. • Explored forward-thinking asset building strategies and collaboration models to advance policy and practice solutions to support survivors before and beyond a crisis moment. FreeFrom Principal Financial Group Blue Shield of California Foundation #EconomicJustice #Philanthropy #Funders #SuvivorSupport #AssetFunders

AFN is happy to welcome the Geraldine R. Dodge Foundation, which envisions a just and equitable New Jersey where people of all races and communities have equitable access to opportunities to thrive. AFN looks forward to working with you!

Did you miss our June webinar Supporting Postsecondary Credentials Without Debt? Take a look at the replay and view the presentation here: https://loom.ly/npP2fls Student loan debt affects millions of people and creates a significant barrier to financial security. Borrowers of color and women experience the most negative impact. Though this is a multi-faceted issue, #philanthropy has a vital role to play to support students both systemically and directly. Not all #funders prioritize the same mechanisms when it comes to reducing student debt. It takes a continuum of interventions to reduce existing debt and limit future debt for students. The Institute for College Access & Success The Winston-Salem Foundation Michael & Susan Dell Foundation #StudentDebt

Over the last ten years, #entrepreneursofcolor have had the greatest growth in business ownership, accounting for more than 50 percent of the two million newly created firms. Community Development Financial Institutions (CDFIs) play a vital role in strategically leveraging opportunities for wealth creation for entrepreneurs of color. Want to learn more about CDFIs? Join AFN on July 31st at 1pm ET for a webinar/brief which will highlight successful and innovative strategies to position #CDFIs as #wealth-building mechanisms including recommendations on how #philanthropy may invest to narrow the racial and ethnic #wealthgap through investments to expand small business. REGISTER HERE: https://loom.ly/JRCSzcg CITI Prudential The Rockefeller Foundation Truist

As AFN continues to utilize the Equity Amplifier (EA) platform to address systemic biases and barriers within #philanthropy, we also want to showcase (in real time) how #funders are using the REJ platform to expand commitments to racial and economic justice & cultivating a community of practice. AFN shinesthe Equity Amplifier in Action spotlight on Ashley McIver of Communities Foundation of Texas. MORE: https://loom.ly/gd8GsSE #RacialJustice #EconomicJustice

What exactly is ASSET BUILDING? Asset building is how individuals, families, and communities gather the resources that will move them towards economic well-being, for now and for years to come. READ MORE: https://loom.ly/WapnY6U #AssetBuilding #Funders #Philanthropy

The U.S. economic system advantages some and disadvantages many. In particular, African-Americans, Latinos, and women have faced historic, embedded discrimination —reinforced by institutional policies. This has created and sustained wealth inequality. For women, the #wealthgap has been largely overlooked in discussions of women’s economic security. These gaps, compounded by injustices in our tax system, impact the next generation. Take a look at AFN's library of information, including briefs and webinar playbacks which help #funders further understand the wealth gap and build assets for low and middle income families by finding ways to provide opportunity across race and gender. Click Here: https://loom.ly/1CcpWRc