Financial Stability Partnership (FSP)
People who work hard and play by the rules should have a reasonable shot at the American Dream. Yet, United Way's periodic Community Assessment survey shows that a significant portion of households in Lane County face multiple challenges in meeting their basic needs.
The purpose of the Financial Stability Partnership is to help individuals and families in Lane County increase income, build savings and grow assets. Through FSP’s efforts, individuals and families will have access to the tools that support home ownership, increased education, personal savings, responsible use of credit, retirement planning and small business development.
Current FSP Strategies
Strategy 1: Prepare Lane County residents to access income supports for which they qualify
Primary Tactic: Increase free Tax Aide for those who qualify for the Earned Income Tax Credits (EITC) and/or Childcare credits. Click here for helpful links of important income support services.
- GIVE: Individual donors are encouraged to financially support strategies. Businesses are encouraged to offer consultant services, workplace campaigns targeted at increasing the financial well-being of employees, financial literacy workshops for employees, retirement planning on site and host tax sites. Individuals and businesses are encouraged to underwrite advocacy and programs.
- ADVOCATE: Volunteers and program partners are encouraged to influence legislation that promotes financial stability. Program partners agree to a shared messaging campaign that promotes consistency throughout Lane County.
- VOLUNTEER: Volunteer tax preparers assist income-qualified tax payers in the preparation and planning for increasing their tax returns through accessing the appropriate EITC and Childcare credits.
Strategy 2: Lane County residents have access to mainstream financial products that support building savings and assets.
Primary Tactic(s): Increase usage of Individual Development Account (IDA) programs; Build a coalition of financial institutions that target and serve the un- or under-banked of Lane County.
- GIVE: Financial Institutions / partners are encouraged to offer any or all of the following: to host tax sites, to assist in the compiling of tax materials, to help with rural outreach efforts. All FSP members are encouraged to financially underwrite the programs of the FSP. Both individual and business donors are encouraged to purchase their limit in tax credits which directly support the state IDA programs of Lane County.
- ADVOCATE: Volunteers and program partners are encouraged to influence legislation that promotes financial stability. Program partners agree to a shared messaging campaign that promotes consistency throughout Lane County.
- VOLUNTEER: Volunteer opportunities include financial mentorships, committee work and program assistance.
Strategy 3: Lane County residents access high quality financial literacy opportunities and supportive resources that meet their level of need.
Primary Tactic(s): Create a program and partnership that weaves all financial, non-profit and public sector partners together with consistent messaging, tools and workshops for all of Lane County.
- GIVE: Financial Institutions and partners are encouraged to offer literacy materials via internet sites, printed materials and /or scheduled workshops for their patrons and employees. All FSP members are encouraged to share their research-based curriculum (if available) to committees to promote best practice. Program partners help to create a consistent tools package and messaging campaign to promote financial health. Donors are encouraged to financially support the “Prosperity Center” model of case management for financial stability.
- ADVOCATE: Volunteers and program partners are encouraged to influence legislation that promotes financial stability. Program partners agree to a shared messaging campaign that promotes consistency throughout Lane County.
- VOLUNTEER: Volunteer opportunities include financial mentorships, committee work.
Note
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