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Fund my future Milwaukee. District advisory council update. Introduction - Program manager. Wisconsin Native Pewaukee H.S. Attended UW-Oshkosh BA, Public Relations Minored in Business Marketing – Emphasis in Digital Interactives My Experience Making Strides Against Breast Cancer
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Fund my future Milwaukee District advisory council update
Introduction - Program manager • Wisconsin Native • Pewaukee H.S. • Attended UW-Oshkosh • BA, Public Relations • Minored in Business Marketing – Emphasis in Digital Interactives • My Experience • Making Strides Against Breast Cancer • Founded a 501(c3) – The Sisterhood • Blood Center of Wisconsin • Children’s Hospital • Donald Driver Foundation • Gilbert Brown Foundation • Vince Lombardi Foundation • Milwaukee Bucks • Milwaukee Brewers • +More
fund my future Milwaukee background • Fund My Future Milwaukee is an action item in Growing Prosperity– the plan called for investigating national CSA models that change the educational aspirations of low-income youth. • A CSA work group formed by Sharon Robinson, FMFM Lead with support from Prosperity Now – a national nonprofit experienced in designing CSA programs. • The group reached the conclusion that Milwaukee needs a large-scale CSA program
What are children’s savings accounts (CSA)? CSA programs help children ages 0-18 save for their future. Programs have three defining features: • Incentive structures to grow savings- such as initial seed deposits and savings matches • Savings designated for postsecondary education (i.e., college, vocational/technical school) • Incentive funds that are restrictedto paying for postsecondary education or another allowable asset (i.e., home or business)
Why do we need children’s savings accounts (CSA’s)? Children who have between $1 and $500 in savings for college are 3 times more likely to enroll in college and 4 times more likely to graduate than those whose families do not have college savings Source: Assets and Education Initiative, Building Expectations, Delivering Results, Asset Based Financial Aid and the Future of Higher Education, July 2013
Program Goals Goal 1:Increase educational attainment rates to ensure Milwaukee has a 21st century workforce positioned for greater economic mobility Goal 2: Improve the financial capability of participating children and their families
programschools • Darrell Lynn Hines Academy • St. Martini Elementary School • Granville Lutheran School • Northwest Catholic School • Next Door Charter School - Both the Capitol Dr. and 29th St. Locations • Bruce Guadalupe Elementary School • Longfellow Elementary School • Clement J. Zablocki • Auer Avenue • Hopkins Lloyd Community School • Browning School • Honey Creek School • La Escuela Fratney School • Highland Community School • Barbee Montessori School
program partners • Betty Brinn Children's Museum • Milwaukee Brewers • Cousin’s Subs • Waterstone Bank • Walmart • Milwaukee Public Library • Sherman Phoenix – Coming Soon!
champions & funders • Boys & Girls Club • Edvest • Great Lakes Higher Education Guaranty Corp. • Guaranty Bank • Make a Difference Wisconsin • Urban Economic Development Association of Wisconsin Inc. • University of Michigan • Prosperity Now • Weiss Institute • Say Yes • +More • Mayor Tom Barrett • City of Milwaukee • Kohl Philanthropies • Associated Bank • Greater Milwaukee Foundation • Bader Philanthropies • Journey House • Members of the City of Milwaukee Common Council • Milwaukee Public Schools • Milwaukee Succeeds • TIAA-CREF • United Way of Greater MilwaukeeWaukesha Co.
How can you get involved? • Donate – Visit www.fundmyfuturemke.org • Volunteer • Become a Champion! Ashleigh Edgerson Program Manager, Fund My Future Milwaukee 414-270-1794 (O) 414-308-3755 (M) Ashleigh.Edgerson@employmilwaukee.org