2021 Budget and Tax Briefing: Making the Case for Cash
April 22 @ 1:00 pm - 2:00 pm EDTFree
This webinar is the third program of the EOF 2021 Virtual Budget and Tax Briefing.
Note: This webinar is for funders and philanthropic advisors whose primary activity is grantmaking. Staff from philanthropic serving organizations and affinity groups are also eligible to join.
As millions of Americans continue to struggle to make ends meet, there has been increased national attention to and growing public support for cash transfers as an effective way to get money into the pockets of people hit hardest by the pandemic and economic crisis. Government and philanthropy are experimenting with a variety of approaches– universal basic income pilots, emergency stimulus, and tax credits — to explore how to ensure that families who need it the most have access to flexible resources. Join us to learn more about how government, philanthropy, and advocacy organizations are making the case for cash.
- Nisha Patel, Powered by Shakti (Moderator)
- Aisha Nyandoro, CEO, Springboard To Opportunities
- George Jones, CEO, Bread for City
- The Magnolia Mother’s Trust: This initiative, launched in 2018 by Springboard To Opportunities, provided low-income, African-American mothers in Jackson, Mississippi $1,000 cash on a monthly basis, no strings attached, for 12 months straight. While there have been several initiatives for a guaranteed income worldwide, this is the first that specifically targets extremely low-income families headed by an African-American female living in affordable housing in the United States. The initial pilot program consisted of 20 women and ran from December 2018-November 2019. A larger study consisting of at least 110 women began in March 2020.
- THRIVE East of the River: This partnership, a collaboration between Martha’s Table, Bread for the City, 11th Street Bridge Park, and Far Southeast Family Strengthening Collaborative, is designed to address immediate economic instability posed by COVID-19 to DC’s Ward 8 residents with the goal of supporting a total of 500 families. Kicking off with the first 100 families on June 15, participants will receive five months of support including weekly groceries, dry goods, and $1,100 monthly financial assistance along with assigned navigators helping families access unemployment insurance, tax credits, and other available benefits.
- Guaranteed Income Community Practice: The Guaranteed Income Community of Practice convenes guaranteed income stakeholders, including policy experts, researchers, community and program leaders, funders, and elected officials to promote learning and collaboration in the burgeoning arena of unconditional cash programs. The Economic Security Project is proud to partner with and elevate the expertise of Springboard To Opportunities, the Stanford Basic Income Lab, Mayors for a Guaranteed Income, the Center for Guaranteed Income Research, and Asset Funders Network as co-conveners of this work.
- Mayors for a Guaranteed Income: Mayor Michael D. Tubbs (Stockton, CA) and the Economic Security Project founded Mayors for a Guaranteed Income in June 2020. Mayors will come together in this network to advocate for a guaranteed income—direct, recurring cash payments—that lifts all of our communities, building a resilient, just America.
- In the Stimulus Bill, a Policy Revolution in Aid for Children, By Jason DeParle, The New York Times, Update March 9, 2021.
- Child tax credit expansion sets up showdown with GOP, By Alexandra Jaffe and Josh Boak, AP, March 8, 2021.
- A city gave people $500 a month, no strings attached, to fight poverty. It paid off, study says. By Meryl Kornfield, The Washington Post, March 4, 2021.