RICHMOND

1
RICHMOND

• Jessie Ball duPont Fund
• Assets Team Conference
• Main Library, Jacksonville, FL
• October 28-30, 2008

2
What we set out to do
RICHMOND

• List the original goals set by your team at the
  October 2006 assets conference.
• Create steering committee
• Research financial literacy curricula
• Engage consultants needed to develop a high
  quality, communitywide program
• Introduce pilot financial literacy program for
  youth in designated program
• Develop high quality, community-wide program
  based on learning during planning grant
  activities introduce programs for adults in
  designated programs.

3
Our goals now are
RICHMOND

• List the teams current goals
• Expanded or Altered Goals Under Planning Grant
• Identify existing financial literacy curriculum
  for youth and adults, and assess fit with
  targeted Richmond populations
• Pilot a youth financial literacy program in
  diverse settings (e.g. Economics)
• Identify, survey and convene adult serving
  organizations and assess their current financial
  literacy services and their identified needs
• Identify and employ a financial literacy program
  for adults

4
Current Goals, cont.

• Specific Steps for Current Goals Under Planning
  Grant
• Goal One
• Extensive survey of existing financial literacy
  programs and their sponsors
• Assessed application with targeted populations in
  Richmond
• Goal Two
• Selected Economis as youth curriculum
• Identified variety of youth programs that could
  add Economis
• Implemented in manner suited to each program over
  7-week pilot
• Assessed results.

5
Current Goals, cont.

• Specific Steps for Current Goals, cont.
• Goal Three
• Conducted forum of service providers to discuss
  current practices, barriers and opportunities
• Interviewed users of two well-known standard
  curricula (Capital One and Core Beliefs) and
  directors of programs with significant experience
  dealing with adults in poverty
• Assessed barriers and opportunities to successful
  adult financial literacy based on prior
  discussions
• Conducted formal survey of 23 agencies to
  determine their focus areas and available
  services in financial literacy

6
What changed?
RICHMOND

• If your goals changed since the 2006 conference,
  list the reasons why.
• Data gathering taught us
• Skills-based curriculum already exists, need to
  encourage collaboration between existing services
• Greatest challenge in reaching adults is engaging
  people who need financial literacy training
  people in crisis are not ready to receive
  training so original plan would not work.
• Cultural Sensitivity is key.
• Focus on connecting with people in need of
  training within existing long-term service
  delivery, e.g. home visitation programs

7
Strategies pursued
RICHMOND

• List the strategies that your team is using.
• Capitalize on learning from other users about
  Economis and other curriculum for urban youth.
• Continue to identify organizations with vested
  interest in issue and bring into planning.
• Approach the problem from the point of view of
  the client and develop a more holistic approach.

8
How were organized
RICHMOND

• Outline the organizational structure of your
  work. List the organizations involved. Who are
  the key players?
• Under Planning Grant Steering Committee members
  with two subgroups
• Youth (United Way, The Community Foundation, VCU,
  YMCA, City of Richmond, Virginia Council on
  Economic Education, Junior Achievement)
• Adult (VCU Social Work, New Visions New Venture,
  Capital One, ACTS)
• For Future Plans
• Same partners with some additions

9
Signs of progress
RICHMOND

• List 2 or 3 significant accomplishments that the
  team has achieved during the past two years.
• Identification of key barriers to successful
  Financial Literacy learning for people living in
  intergenerational poverty and identification of
  likely solutions both youth and adults and
• Identification of key players for successful
  community-wide Financial Literacy program.

10
Challenges
RICHMOND

• List 2 or 3 challenges that the team has
  experienced during the past two years.
• Complexity of collaboration with diverse group of
  agencies, especially when leadership changes
• Difficulty of getting students to participate on
  a consistent basis and to get full commitment of
  program staff
• Difficulty of measuring results.

11
Looking ahead
RICHMOND

• What do we need to know how to do over the next
  year? What skills or information do we need in
  order to make progress?
• How to measure results in a way that works for
  all agencies involved in our next steps
• How to match programs/curricula to work within an
  existing organization and with their population.
• What will be the ongoing infrastructure to
  support a community-wide effort

12
Anticipated Next Steps

• Goals to Consider for Future
• Expand approach to training for youth
• Develop menu of financial literacy curriculum to
  fit context of youth programs (e.g. Economis for
  highly structural programs)
• Deploy and evaluate modified Cap One Moneywise
  curriculum on a broad basis for those ready to
  receive skills training.
• Develop or identify curriculum for home visitors
  and case managers to deliver pilot program that
  is culturally sensitive.
• Identify program for use in public housing, if
  and when slated for redevelopment.
• Continue building of community-wide network for
  continued dialogue, learning, and evaluating
  community success in financial literacy.

13
Anticipated Next Steps

• By the end of 2009, you will know its been
  successful when
• We have established a community-wide
  collaboration for promoting financial literacy
  (i.e., agreement to evaluation tools, use of
  standard curriculum, reporting obligations)
• We have critical mass and critical members -
  of community members engaged
• We have agreed with the group on deliverables
  from the process and delivered on those according
  to plan
• We have an anchor agency for housing and
  disseminating financial literacy programs
• We begin to see progress in financial literacy
  across the community.