While many families are buying all the extra fixings to make Thanksgiving dinner special, 79 percent of low-income households in Feeding America’s client base report “purchasing the cheapest food available, even if they knew it wasn’t the healthiest option, in an effort to provide enough food for their household.” We also know from Feeding America’s report, Hunger in America 2014, that food insecurity has been on the rise since the Great Recession: one in seven Americans rely on food banks to see them through. Viewed by race, the results are even more startling: One in four African Americans relies on a food bank; one in six Latinos. Meanwhile, some 45 million Americans rely on food stamps. It’s 2015, and hunger is still a huge problem in America. And it’s a problem inextricably linked to larger issues of economic hardship. In fact, many Americans who work face food insecurity, with studies finding that a growing share of food stamp recipients participate in the labor force. This is part of a broader story of the difficulties that low-wage workers face in making ends meet. Earlier this year, a study found that about 48 percent of home health care workers are on public assistance, as are 46 percent of child care workers and 52 percent of fast-food workers. Another big category of hungry people are older and disabled Americans on fixed incomes that fall short every month.
A new precedent was set recently when Connecticut Governor Dannel Malloy announced a plan to establish 20 as the age of jurisdiction for the state’s juvenile justice system. This would make Connecticut the first state to presumptively include anyone over 18 in the juvenile justice system.Not surprisingly, the announcement was met with widespread praise from social justice and child welfare advocates. The Southern Poverty Law Center, the Vera Institute and the Connecticut Democratic Party all shared the news on social media feeds, many trumpeting it as a monumental breakthrough in the fight against over-incarceration.
Question: If funding to support boys and men of color is a priority, with some two dozen foundations involved, why are women and girls of color not an equal priority?The fact is that few new philanthropic efforts are aimed specifically at improving the lives of girls and young women of color.
Pricewaterhouse Coopers (PwC) provides grants and educational tools for children to develop financial skills with its Earn Your Future program.
A small program attached to an equally small liberal arts college has been providing thought leadership and a legion of boots on the ground for reproductive justice since the 1980s. Where do they get their money, and how has this operation been sustainable?The Civil Liberties and Public Policy Program (CLPP) at Hampshire College was founded in 1981, and since that time, it has helped to fuel both movement-building leadership and activist strategy for the cause of reproductive justice. Marlene Gerber Fried, Faculty Director of CLPP and Professor of Philosophy, and Mia Sullivan, Director of CLPP, took some time to discuss their work with Inside Philanthropy recently, so we could learn more about how this organization was formed and stays funded.
The Annie E. Casey Foundation has real-life origins that explain its deeply child-focused approach. Jim Casey, who made his fortune starting UPS, named the foundation for his mother, Annie E. Casey, a single parent who struggled to raise him and his three siblings.
For decades, Casey has been one of the largest philanthropic grant makers in the area of youth services. Among its specific ventures: a child welfare strategy arm that consults on local reform initiatives, and the Juvenile Detention Alternatives Initiative, a long-running effort to help states lower reliance on pre-trial juvenile detention.
We started a bold experiment recently in our house: paying our children interest on their savings accounts at the astronomical rate of 3% a week.
Why would any parent want to do such a thing? My argument is that it was the best way to teach our children about what should happen to money when you save it. I also saw it as a good opportunity to build their skills for evaluating how to spend accumulating cash.
It all started when my Paypal began to show signs of life, thanks to the freelance world of writing. Soon my account had grown enough that I began to wonder how I could put this new stream of income to good use.
I talked to the hubby who agreed that more money management skills would be beneficial for our two daughters, ages 9 and 15. But he had reservations about the 3% a week plan. “That’s an exorbitant interest rate to be paying,” he said. “They’re never going to get that again anywhere.”
I wasn’t too worried about that. We had never paid our children an allowance, and the amount that they would be earning with 3% on their Paypal balances would be what some kids get in allowance. I liked the idea of speeding up the process of money accumulation for them with interest, as a powerful lesson about the value of saving.
It was a lesson I remember distinctly from my own childhood: Going to the Savings Bank of Manchester branch in my hometown of Bolton, Connecticut, and handing in my passbook along with a deposit of money, and getting another small amount of money for free (back then, a regular savings account was paying about 3% annually). Even as a 9 or 10 year old, the math wheels in my head were churning, thinking of how much money I could make in that free money, if only I had more in my account. There was only one answer: save more money.
I want my daughters to incorporate a similar lesson into their lives, but unfortunately, there are no banks that pay 3% interest on savings at this time. So I decided to open the Bank of Mom.
The rules were thus: interest at a rate of 3% would be paid on daughters’ weekly Paypal balance. Application for interest needed to be submitted in the form of an invoice on the weekend.
At first, my older daughter seemed not to care. I chalk this up to her having too cushy of a life that she does not think of money enough. My bad. Also, she’s 15 and makes her own money in theater and babysitting, so doesn’t really need to depend on Mom’s wild ideas for income.
My younger daughter was much more on task with requesting and receiving her earnings, and was enjoying the way her $212.50 had ballooned to $225.43 in a mere two weeks, when older daughter caught on that this was a free ride she couldn’t turn down.
Younger daughter began submitting her invoices religiously, but older daughter would require reminders (which I reminded her were not part of the Standard Operating Procedure) and even with reminders, she did not start submitting on time until I put a deadline on the window for when submissions would be received (Saturday, 9 am to Sunday 9 pm.).
Everyone was on board with this plan for a few months, and I watched my meager earnings as a writer dwindle down in weekly payments of $12 and $15 and then $14 and $17 a week. The daughters began to accumulate. Their account balances surpassed mine.
The younger daughter seemed to learn some important lessons. “Camp costs $375 a week!” she exclaimed at one point, “That’s almost all of the money in my account.” Gets you thinking, doesn’t it?
The summer came and requests for weekly payments of interest slowed down. I wasn’t going to remind anyone, because my account balance needed to regain some steam.
“I think maybe we should do once a month for interest,” I told my savers. “The Bank of Mom is a little low.”
“Really?” said younger daughter. “We don’t have enough money?”
“Well, you know how much I make as a writer,” I reminded them.
“That’s fine, let’s go to once a month,” said younger daughter, who we decided to give all decision-making power in this instance. “You need it more than I do.”