Stay Informed!

By Sean Luechtefeld on 09/23/2010 @ 12:14 PM

Tags: ALC 2010, Children's Savings Accounts

In your beautiful, handcrafted and eco-friendly Conference bag made by Mercado Global, you should have received a copy of Hope in a Concrete Form and Lessons from SEED: A National Demonstration of Child Development Accounts. These resources both highlight the findings from years of research endeavored by the Saving for Education, Entrepreneurship and Downpayment (SEED) Initiative.

SEED, a ten-year, multi-million dollar endeavor to demonstrate the need for and potential of Children’s Savings Accounts (CSAs), was designed to set the stage for universal, progressive American policy for asset building among children, youth and families. Premised on the strength of a three-tiered approach that included public policy, private markets and community practice, the SEED initiative tested and promoted matched savings accounts for over 1,100 children by partnering with 12 nonprofit community-based organizations in partnership with a dozen national foundations. From the initiative was spun SEED OK for youth in Oklahoma, where another 1,300+ children have been empowered to save.

As CFED looks to the next chapter in its storied history of promoting savings from birth, we encourage Conference attendees to read the SEED book and synthesis report and support us in developing Asset Building for Children, a national platform for CSAs.

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