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Who We Are Our mission at CFED is to make it possible for millions of people to achieve financial security and contribute to an opportunity economy.
How do we do it We push to expand innovative practical solutions that empower low- and moderate-income people to build wealth. We drive policy change at all levels of government. We support the efforts of community leaders across the country to advance economic opportunity for all.
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StreetCred TEAM.jpg B B E E C C A U S S E E Y Y O U E E A R N E E D I I T. Bob ob Vin inci, MD Chief of Pediatrics, Boston Medical Center Chair of Pediatrics, Boston University School of Medicine
Dom Domesti tic ch chil ild po poverty Domesti Dom tic ch chil ild po poverty • Ha • Poor Harmful an and oor Hea Health • Neg Expensiv Ex ive egative Im Impact on on • 20% 20% of of US US Chil Children School Sc l Perf erformance • 16 • $500 16 mill llion ch child ldren ar are $500B in n hea health gr growin ing up up poo poor. . expenditures an and los ost t wor orkpla lace pr productivity
Why do Pediatricians Care about the EITC?
Why do Pediatricians Care about the EITC?
>90%
2 BUSES, 1 TRAIN, & $400
TO IMPROVE THE LIFE TRAJECTORIES OF AMERICA’S CHILDREN BY HELPING VULNERABLE FAMILIES BUILD ASSETS AND ACCESS EVIDENCE-BASED ANTIPOVERTY GOVERNMENT PROGRAMS.
>$400,000
50% of our clients paid someone Financial literacy education proves to do their taxes last year. crucial to large number of families. Working mother divorced from children’s father. For Immigrant with teenage son whose husband died suddenly. She paid a tax preparer hundreds of dollars years, the husband was claiming the children for tax to do her return, and because of confusion over a credits, while she had custody of and raised the kids. house loan, the husband never submitted her taxes. StreetCred educated her about her right to the tax StreetCred recovered the thousands of dollars she credits and helped her claim her dependents. earned for free! 50% of our clients had never heard of the EITC. Minority woman with mulitple young children works part-time making <$10,000. Before StreetCred, she had never heard of the EITC, and once we told her about its link to income, she announced, “I’m going to work more hours this year so I can get more money back!”
COST: $19,000
>20:1 ROI
COMMUNITY ADVISORY BOARD
RESEARCH TEAM
StreetCred doesn’t recreate wheels. We just make them work better. StreetCred is NOT a referral service. We connect families before they leave the doctor’s office. StreetCred operates in a frequented and trusted space. StreetCred has impact when it matters most. StreetCred is committed to evidence-based intervention. StreetCred aspires to deepen the impact of American healthcare. SUMMARY
/CFEDNews @CFED cfed.org/blog/inclusiveeconomy
/CFEDNews @CFED cfed.org/blog/inclusiveeconomy
/CFEDNews @CFED cfed.org/blog/inclusiveeconomy
/CFEDNews @CFED cfed.org/blog/inclusiveeconomy
x4 SCALING 2017
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/CFEDNews @CFED cfed.org/blog/inclusiveeconomy
/CFEDNews @CFED cfed.org/blog/inclusiveeconomy
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