Opportunity to Pilot an Emergency Matched Savings Program
Deadline to apply is November 11, 2019 by 5:00 PM EST
Does your organization have prior experience operating an individual development account (IDA) or other matched savings account? Does your organization also offer wrap-around services such as financial coaching and free tax preparation? If so, consider applying to be a part of Prosperity Now’s Emergency Matched Savings Pilot!
Prosperity Now, with generous support from the Wells Fargo Foundation, is soliciting applications from organizations interested in participating in a 12-month pilot to test the impact of matches and the types of support needed to help families establish emergency savings accounts. Prosperity Now will work with four selected organizations for up to 12 months to launch an emergency savings program or expand an existing one. Each selected organization will receive $20,000 to match the savings of at least 60 participants in their emergency matched savings program and an additional grant of $20,000 to support operations, travel to a Prosperity Now convening, track efforts and for additional administrative expenses. Support from Prosperity Now will include:
- Facilitated peer learning among pilot members
- One-on-one capacity building support as needed
- Tracking support
Completed applications are due to Laura Yepez at firstname.lastname@example.org on November 11, 2019 by 5:00 pm EST.
Please include “Emergency Savings Pilot RFP” in the subject line.