Economic Security

Helping low-income families achieve economic security

In the past decade, an increasingly complex financial landscape has often led to consumer confusion and poor financial decision making. At the same time, reduced regulatory safeguards have allowed increased predatory lending practices, particularly within communities of color and among low-income households. The ensuing housing crisis has affected the economic security of individuals, families and entire communities. To build a buffer against economic adversity and increase prosperity, people need financial education as well as opportunities to save, invest and preserve financial assets.

Download our Interim Report and Final Report guidelines.

Economic Impact Brief

 ~ NEW APPLICATION PROCESS ~
Grant applications must be submitted through our new online application system, applySVCF.
All applicants must create a user account before they submit an application.

Combining Financial Education and Asset Building Anti-Payday Lending Policy Advocacy Foreclosure Prevention Counseling

RFP Release: June 9, 2014
Information Session: June 9, 2014
Proposals Due: July 11, 2014

RFP Release: August 18, 2014
Information Session: August 19, 2014
Proposals Due: October 10, 2014

Since January 2013, consistent with our values, SVCF has engaged in an open, transparent and comprehensive review of all our grantmaking strategies. This process involved extensive conversations with grantee organizations, interviews with independent scholars and experts about trends related to our areas of work and an independent third-party evaluation of the impact and effectiveness of each grantmaking strategy.

Overall, SVCF found that across all of its grantmaking strategies our nonprofit and government partners made significant positive impacts to make our region a better place. Based on our evaluation and review, SVCF has determined to keep the five grantmaking strategies in place while phasing out three of the nine sub-strategies.  The three sub-strategies that will be phased out are: foreclosure prevention counseling (part of the economic security strategy); bridging the cultural gap (part of the immigrant integration strategy); and safety-net services (part of the community opportunity fund strategy).
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Targets increasing the availability of sound financial education and savings programs to help low and moderate income people build financial assets for long-term economic well-being. Targets the promotion of policy advocacy and educational activities to curb predatory payday lending.
Grants support programs that:
  • Expand effective existing programs that demonstrate a combined financial education and asset-building approach and can be scaled to impact larger numbers of individuals.
  • Introduce pilot interventions that show the potential for breaking new ground in the financial education and asset development area.
  • Demonstrate innovation in the way programs are conceived, structured or delivered in order to increase efficiency and scale.
Grants support programs that:
  • Raise the awareness of key stakeholders and the public about the negative effects of payday lending on household financial health and mobilize public support around the issue.
  • Advocate changes in municipal laws to inhibit new payday lending establishments in local jurisdictions.
  • Collaborate or coordinate efforts to leverage technical expertise, communication efforts and advocacy know-how to achieve policy impact.

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