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Saving for the American Dream

United Way of Greater Los Angeles

  • Program Education
  • Program Area Expanding Economic Opportunity
  • Grant Amount $210,000
  • Grant Period October 1, 2003–September 30, 2006
  • Location Los Angeles, CA, United States
  • Geographic Focus Los Angeles

About this grant

Los Angeles County is home to 9.5 million residents of varying ethnic backgrounds. It has an estimated 800,000 households that qualify for federal and state benefits at the 200 percent of poverty level. California ranks 47th among the 50 states in terms of asset poverty. In 2000, the United Way of Greater Los Angeles (UWGLA) began looking for ways to help low-income households build assets and started promoting Individual Development Accounts (IDAs).Multiyear funding will support a project to construct and manage a countywide system of integrated IDA programming and administration. Activities will include developing and managing partnerships with local financial institutions; building and maintaining a network of partnerships with nonprofit partners responsible for recruitment and program services; establishing program standards and universal program materials; raising funds for program operations and matching dollars; and coordinating evaluation and oversight activities.UWGLA, founded in 1962, is a voluntary organization dedicated to helping people by uniting individuals and institutions in a community-wide effort to support human service programs that meet changing community needs.