Jun 21, 2016
Financial Institutions Make $1 Million Commitment to CFED’s 2016 Assets Learning Conference
Convening Will Highlight Efforts across the Country to Help Low-Income Families Achieve Financial Security
FOR IMMEDIATE RELEASE
Washington, D.C. – Four major financial institutions have given a combined $1 million to support the Corporation for Enterprise Development’s (CFED) Assets Learning Conference this fall. Citi, JPMorgan Chase & Co., Prudential and Wells Fargo each pledged $250,000 in sponsorships to the conference, which brings together more than 1,300 professionals dedicated to boosting financial security in families and communities, and creating an opportunity economy.
The biennial Assets Learning Conference (ALC), the largest national gathering of its kind, will be held in Washington, D.C., September 28-30 and will feature six plenaries and more than 70 concurrent sessions designed to help service providers, advocates, policymakers and others better serve their communities.
This year’s ALC will highlight efforts nationwide to help families achieve financial well-being. For example, members of the Taxpayer Opportunity Network, made up of organizations and individuals who provide low- or no-cost tax assistance to low-income communities, will gather for a range of special programming, including a conference keynote address from IRS Commissioner John Koskinen. The ALC will also include advocacy visits to Capitol Hill and networking events that bring together those working to build opportunity, close the racial wealth divide and create an inclusive economy.
“The commitment of these four institutions to sponsor this conference proves that community organizations, non-profits and the private sector can use their combined strength to invest in opportunity and create lasting change,” said Andrea Levere, president of CFED. “We look forward to our continuing partnership with these organizations and will continue to leverage their expertise to help the communities we serve.”
The four financial institutions – designated ALC Emerald Sponsors – are partnering with CFED on several ventures to promote financial stability:
- Citi has enabled CFED to create publications designed especially for organizations working to build opportunity, including What It’s Worth: Strengthening the Financial Future of Families, Communities and the Nation, a new book that examines pathways to financial stability. Citi also provides generous support for the Asset Building Policy Network, a coalition of civil rights organizations committed to expanding economic opportunity for communities of color.
- JPMorgan Chase & Co. is partnering with CFED on its Racial Wealth Divide Initiative to build the capacity of organizations serving African Americans in several major metropolitan areas throughout the United States. The generosity of JPMorgan Chase & Co. has also made possible the Community Financial Empowerment Learning Partnership, an initiative to integrate financial capability into a range of existing services in communities across the country.
- Prudential is supporting the Financial Security at Work Initiative, which explores opportunities for employers to provide financial wellness programs to their employees. In 2015, through its first-ever Race for Retirement, Prudential also provided generous support to CFED’s 1:1 Fund, an online fundraising platform that matches children’s college savings.
- Wells Fargo contributes to CFED’s I’M HOME Initiative, which is working to make manufactured housing a safe and affordable housing solution for low- and moderate-income families. Wells Fargo’s support is also helping to make CFED’s 2016 I’M HOME Conference (November 14-16 in San Antonio, TX) a reality.
CFED's work makes it possible for millions of people to achieve financial security and contribute to an opportunity economy. We scale innovative practical solutions that empower low- and moderate-income people to build wealth. We drive responsive policy change at all levels of government. We support the efforts of community leaders across the country to advance economic opportunity for all. Established in 1979 as the Corporation for Enterprise Development, CFED works nationally and internationally through its offices in Washington, D.C.; Durham, North Carolina, and San Francisco, California.