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Contact: Kristin Lawton, 202.408.9788

Mar 19, 2009

CFED Awarded A $380,000 Grant From W.K. Kellogg Foundation To Enhance Futures For Vulnerable Children

CFED Awarded A $380,000 Grant From W.K. Kellogg Foundation To Enhance Futures For Vulnerable Children

Contact: Kristin Lawton, CFED 202.408.9788 Public Affairs Dept., Kellogg Foundation 269.969.2148

Washington, DC. - The Corporation for Enterprise Development (CFED) in Washington, DC today announced a $380,000 grant from the W.K. Kellogg Foundation of Battle Creek, Michigan to spearhead and support policies to help vulnerable children and their families to build and preserve assets like homes, education and businesses.

"The W.K. Kellogg Foundation is an invaluable partner in advancing effective efforts to achieve national impact through long-term policy change," said Andrea Levere, CFED's president. "This grant will leverage three decades of on-the-ground experience into successful policies that can change the landscape of economic opportunity for millions of low-income and underserved children and their families."

"CFED is a recognized national leader with an unsurpassed track record of developing innovative approaches to addressing poverty and expanding economic opportunity," said Sheri Brady, director of public policy for the W.K. Kellogg Foundation. "The Kellogg Foundation is very committed to providing vulnerable children and their families the means to achieve financial security and to raising parental expectations for the future possibilities of their children."

With this grant, CFED will convene and give a policy voice to a growing number of local, state and national organizations, funders and corporations. CFED will act as a catalyst for federal and state policy change by providing essential tools and closely working with targeted state policy partners.

Efforts will utilize CFED's 2007–2008 Assets & Opportunity Scorecard-- the premier report on asset building at the state level and support CFED's 2008 Assets Learning Conference, the largest convening of asset policy practitioners and stakeholders in the nation. The Conference will bring 1,200 attendees to Washington, DC in September 2008.

CFED is a nonprofit organization that expands economic opportunity by helping Americans start and grow businesses, go to college, own a home, and save for their children's and own economic futures. CFED identifies promising ideas, tests and refines them in communities to find out what works, craft policies and products to help good ideas reach scale, and develop partnerships to promote lasting change. It brings together community practice, public policy and private markets in new and effective ways to achieve greater economic impact. Established in 1979, CFED works nationally and internationally through its offices in Washington, DC; Durham, NC; and San Francisco, CA.

The W.K. Kellogg Foundation was established in 1930. The organization supports children, families and communities as they strengthen and create conditions that propel vulnerable children to achieve success as individuals and as contributors to the larger community and society. Grants are concentrated in the United States, Latin America and the Caribbean, and the southern African countries of Botswana, Lesotho, Malawi, Mozambique, South Africa, Swaziland and Zimbabwe.

For further information, please visit the Foundation's website at www.wkkf.org.