Economic Opportunity Challenge

The Chicago Community Trust

Chicago Asset-Building for Children (Chicago ABCs)

Chicago ABCs will braid three proven strategies: child savings accounts, cash transfers and visiting nurses in a dual generation approach propelling families to economic security.

DOWNLOAD: Project Factsheet
Two-page overview of proposal
Competition Participation
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Economic Opportunity Challenge
Subject
Economic mobility
Current Work Location(s):
  • Illinois, United States
  • Illinois, United States
Priority Population(s):
  • People of African descent
  • People of Latin American descent
  • Economically disadvantaged people
Sustainable Development Goals (SDGs):
  • 1. No poverty
  • 3. Good health and well-being
  • 8. Decent work and economic growth
  • 10. Reduced inequalities

Executive Summary:

Chicago ABCs will build on two recent public commitments - Illinois’ new universal child savings accounts (CSA) and the City of Chicago’s Family Connects visiting nurse program – to drive economic opportunity for 4,600 financially vulnerable families with additional transformational CSA deposits of $500 to $750 and cash transfers of $50 each month over 18 months. Cash transfers and home visiting programs are proven strategies that provide families immediate and direct financial, emotional, and physical support when a child is born. CSAs are powerful tools that invest in a child’s future career path. When combined, they provide investment and hope to families both now and in the future, creating a web of support from a child’s first days and propelling them through adulthood.

Organization Details
Lead Organization

The Chicago Community Trust

website: https://www.cct.org/
Organization Headquarters
Illinois, United States
Organization ID
36-3432023
Annual Operating Budget
$10.1 to 25 Million
Number of Full-time Employees
51 to 100
Type
Non-profit

Charity, fund, non-governmental organization, religious institution, school, or other entity