We aim to help families keep what they earn and strengthen their safety net through savings and strong money management. We do this by:

  • The Doorways to Dreams Fund helped make it easy for taxpayers to save money by splitting their tax refunds so that a portion goes toward buying a U.S. savings bond.

  • In 2013, nearly 40,000 taxpayers bought savings bonds through their tax returns, collectively saving $21.5 million. Nearly two-thirds were by families whose annual income was less than $50,000.

  • The SaveUSA initiative, which offers low- and moderate-income individuals a financial-matching incentive to save money, saw great success in its New York pilot: In three years, about 75% of participants earned the matching payment.

  • The Refund to Savings Initiative's research on low- and moderate-income households identified the motivational tools that lead taxpayers to devote some of their refunds to savings.

  • More than 650 low-income individuals are receiving assistance to reduce debt, improve their credit and save money through the Baltimore Financial Stability Pathway Project.

  • More than 27 million low- and moderate-income people received the federal earned income tax credit in 2012, bringing in more than $62 billion in extra income to individuals and families.

  • Learn how nonprofits assess their clients’ financial status by exploring this assessment tool.

  • Accessing Credit Reports for Foster Youth is a guide for child welfare agencies working with young people in foster care that explains how to obtain credit reports and the importance of building good credit as youth transition out of care.

  • How do we protect young people in foster care from identity theft and bad credit? Youth and Credit offers advice on the best way for caseworkers and other adults to comply with federal mandates to request and review credit reports for youth in foster care — and to help young people resolve any issues that come up in the process.

From the Blog

Child Poverty Declines After Peaking in 2011

After the Great Recession, the nation's child poverty rate increased steadily, peaking at 23% in 2011. Since then, the rate has been on a slow decline and, in 2015, reached its lowest level in five years, at which point one out of every five children lived in poverty.

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Building Savings and Strong Credit

youth and credit

A step-by-step process for adults working with young people in foster care to implement the credit check requirement authorized through federal legislation in 2011. 

Building Credit for Life

A good credit rating will save the average borrower $250,000 in interest over a lifetime. Find tips for building a good score and for avoiding money traps.

Save your Refund

The federal tax refund is the largest sum of cash many households receive all year. Working parents have a unique opportunity to set aside savings with their refunds.