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Reprogramming SFAD

The meeting on September 14, 2007, outlined the reprogramming of SFAD and assessed its performance through savings and investment indicators. Key discussions focused on the challenges and opportunities of building organizational capacities, distinguishing between single organizations and networks, and balancing short-term action with long-term planning. Innovations in technology, training, and network design were emphasized to improve asset-building strategies. Collaborative efforts among partners and standardized procedures are crucial for advancing financial literacy and sustainable savings initiatives.

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Reprogramming SFAD

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  1. Reprogramming SFAD IDA All Partners Meeting, 09/14/2007

  2. Overview • Program Performance • How does SFAD Measure Up • Savings and Investment Indicators • Opportunities & Challenges in Building Capacity • Single Organization vs. Network • Long Term vs. Short term • SFAD Reprogrammed • Scale • Multi-pathways • Standardization • Network Design • Innovation • Technology • Training

  3. How Does SFAD Measure Up?

  4. Performance Measures: Participant Savings

  5. Performance Measures: Participant Investments

  6. Performance Measures: Costs per Account

  7. Challenges • Are we targeting the right market? • Are we providing effective case management? • Are we providing effective training? • Are we collecting all the relevant data? • Are participants buying the right kind of assets? • Are partners collaborating effectively? • Are we managing our network effectively?

  8. Capacity Building in SFAD • Context • Single vs. Networked Organizations • Dimension • Short Term vs. Long Term

  9. Capacity Building (cont’d) • Building Capacity is the nonprofit version of the phrase “increasing productivity” in the for-profit lexicon. Single Org. Network • Long Term • (planning) • Scale • Scope • Standardization • Network Design • Innovation • Short Term • (action) • Technology • Skills Training • Staff & Structure • Technology • Program Training

  10. The continuum to Assets (FSP) Financial Literacy EITC New Savings Products Asset Protection Step 1: Increasing Income Step 2: Build Savings Step 3: Gain & Sustain Assets Accessing Public & Employer Benefits Savings Campaigns Split Refunds IDAs SFAD Reprogrammed! • Scale: • UWGLA’s Long Term Commitment • Grant sequencing (year-round enrollments) • Flexible account allocation • Performance-based funding • Partners enroll in all three areas • Scope: • SFAD as part of UWGLA’s overall Econ. & Workforce Development strategy • Standardization: • New manual and forms • Training with certification opportunities Credit Repair Workforce Development

  11. UWGLA SFAD Reprogrammed! (Cont’d) • Network Design: • Decentralized Data Collection (AFI2) • Semi-Centralized Structure • Innovation: • Performance-Based Funding • Ramp-Up Accounts • Asset Training vouchers • Technology: • Database (AFI2) • Online bank statements and transactions data

  12. SFAD Reprogrammed! (Cont’d) • Training: • General IDA training • Database training (AFI2) • Case management training • Office technology training • Staff and Organizational Structure: • Increased funding according to performance • Miscellaneous: • Saving period increased to 24 months • Match rate reduced to 1:5 to 1 but dollar amount increased

  13. Wrapping-Up • UWGLA’s new IDA model focuses on capacity building: • Provides opportunities for increased partner funding • More effective collaboration among all partners • Holistic approach in addressing assetbuilding • Improved IDA technology and training • Innovative products • Standardized procedures • Increased family savings and match distribution

  14. Ed Khashadourian • Program Officer • (213) 808-6519 • ekhashadourian@unitedwayla.org

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