Integrating financial empowerment

We are thrilled to announce that the Corporation for Enterprise Development (CFED) – with funding from Bank of America Charitable Foundation – has invited Solid Ground to participate in a new financial empowerment Intensive Learning Cluster! The 18-month program launched in January 2014 in Washington D.C. Judy Poston, the current project coordinator and Solid Ground’s Financial Fitness Boot Camp Coordinator, and Joy Scott, Supportive Services Manager, attended.

Last March, Solid Ground completed a six-month Intensive Learning Cluster with CFED. The original goal of the first Learning Cluster was the implementation of a financial empowerment plan.

However, the project leadership team – including Kira Zylstra, Stabilization Services Director and project point person at the time, and Judy Poston – soon realized that one standard model would not apply across the entire range of programs and services offered by Solid Ground.

The Learning Cluster became an opportunity to develop a model of financial empowerment that can be integrated into all aspects of our work. “We held focus groups,” Kira explains, “assessed where we were at, what staff was interested in, what they were doing, and what they wanted to do more of; we needed to know how we wanted to move forward. It’s always challenging to bring a service to scale at that level – to bring it across the organization – when that can mean so many things for the different programs with different services and needs.”

Kira and Judy were able to create a framework that included four key opportunity areas and action steps. These areas will be the focus of the new Learning Cluster this year.

The first area focuses on enhancing staff skills to build knowledge of and confidence in personal finances so all staff – from administrative to frontline – can better serve the community. A toolkit of resources and a refined referral system of financial services will act as guidelines for the integration of the financial empowerment plan. The final area will focus on program metrics to track progress and assess the needs of the community.

Kira explains that it is important for Solid Ground to incorporate financial empowerment because “it does carry throughout the work that we do to truly overcome poverty. Within the communities that we serve through our programs at Solid Ground, and even the different programs offering different services, there’s always the component of stability, independence, and financial security.

“We want to help folks work with the resources they have and build upon family strengths. We want to meet basic needs, but beyond that we want to talk about income and asset development – so they’re not only making ends meet, but feel confident and are able to thrive financially and move forward in other areas.”

And all of this, Judy sums up, “can help to end the cycle of generational poverty.”