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Assets and Human Investment

Washington University

  • Program Education
  • Program Area Graduating High School College & Career Ready
  • Grant Amount $90,000
  • Grant Period September 1, 2003–August 31, 2007
  • Location St. Louis, MO, United States
  • Geographic Focus United States

About this grant

In 1992, policymakers and practitioners were introduced to the concept of Individual Development Accounts (IDAs) through the book, "Assets and the Poor." Since then, IDAs are becoming increasingly known, accepted and promoted by advocates across the political spectrum. Currently, IDA programs are operating in more than 450 community-based organizations throughout the United States, nearly every state has passed some type of IDA policy, and these accounts have been enacted in federal legislation, with further legislation pending. However, in order for the asset-building concept to reach the millions of low-income/low-wealth U.S. families, they need to be linked to large ideas and universal policy vehicles.Funding will support the publication of a new book to establish the intellectual and practical case for universal, progressive, asset-based policies that help low-income families build their economic security and to help and guide discussions forward for the next decade. The Center for Social Development, part of the George Warren Brown School of Social Work at Washington State University in St. Louis, was founded in 1994 as a research and policy center. The center’s founding and current director, Dr. Michael Sherraden, is the author of "Assets and the Poor," and is responsible for conceptualizing asset-based development policies, including IDAs, in the United States.