Cash is one of the most direct and effective way to provide financial stability to those who most need it.
Instead of a patriarchal approach of dictating how, where and on what terms individuals can build their lives, cash offers the dignity and self-determination that recognizes a one-size-fits-all approach is antiquated and rooted in distrust. Years of research show that when given unrestricted payments, recipients are able to pull themselves out of poverty and create economic stability for themselves and their families. That’s why we have invested in both on-the-ground and policy efforts to put more cash in the pockets of Americans who need it most.
The Economic Security Project has channeled over $10 million through direct, aligned and in-kind support to groundbreaking research that’s moved the debate on how to alleviate economic instability, city-led pilots that have challenged conventional wisdom on the root causes of poverty and viable state campaigns to modernize and expand the Earned Income Tax Credit (just passed in California and Maine). We did this by making strategic – sometimes risky – bets, and creating a diverse and collaborative network. A few highlights include:
Stockton Economic Empowerment Demonstration (SEED)
Beginning in February of 2019, the mayor-led SEED program began distributing $500 each month to 125 Stocktonians. The payments will continue for 18 months, resulting in both quantitative and qualitative research examining the impact of the guaranteed income project.
Magnolia Mother’s Trust
The Magnolia Mother’s Trust provides $1,000 a month for one year to 20 Black mothers living in extreme poverty in Jackson, MS. The initial payments will end in November of 2019, with plans for an expanded version to launch in early 2020.
While pilots are an integral component of making the case for a guaranteed income, we are also focused on how to scale up those efforts to both the state and national level. By building off one of our nation’s most effective anti-poverty tools, the Earned Income Tax Credit, our Cost-of-Living Refund would support the poor and middle class by expanding the definition of work to include caregivers and students and offering monthly payments of up to $500; essentially providing the same benefit as a guaranteed income.
How to Apply for Funding
We are eager to support creative ideas and smart strategies to advance cash as a solution. At this time, we accept proposals only by invitation.