Family Asset Building Cohort

Family Asset Building Cohort
The second meeting of the Family Economic Security Action Alliance

Family Economic Security Alliance: Family Asset Building

This cohort explored how to build family assets through Children’s Savings Accounts. CSAs are long-term savings or investment accounts that help children and their families — especially those from low-income families — build savings for the future. To help accounts grow, account holders receive incentives such as initial deposits and savings matches from third parties.

The goal of most CSA programs is to build a college-going identity in children, provide some of the financial means to pursue post-secondary education, and increase enrollment in and completion of postsecondary education.

Participants

The community foundations below formed the initial cohort for Building Family Assets as part of the FES Alliance.

Content Partners

Funders

The work of the Family Asset Building cohort continued on in the form of the Asset Development Action Alliance, a group of six community foundations that focused exclusively on advancing the adoption and expansion of CSAs.

Asset Development Action Alliance

The Asset Development Action Alliance was a community foundation network designed to help participants improve the financial security of low-income families through Children’s Savings Accounts (CSAs).

Related Content

Why Community Foundations Make Perfect Partners for Children’s Savings Accounts

This brief, prepared by CFLeads and Prosperity Now, shares the lessons learned from the Family Economic Security Action Alliance.