Indiana Association for Community Economic Development (IACED) is delighted to announce an award of $30,000 from the Glick Fund, a fund of Central Indiana Community Foundation (CICF) to support the Indiana Assets & Opportunity Network – a state lead for Washington D.C.-based Corporation for Enterprise Development’s (CFED) Asset and Opportunity Network.
The Indiana Assets & Opportunity Network is a statewide coalition working to increase asset acquisition for low-wealth Hoosiers and to strengthen local economies through policy advocacy and capacity building, in partnership with local organizations and coalitions. The Network became a reality this past summer with committed partnership from the Local Initiatives Support Corporation (LISC), the Indiana Institute for Working Families (IIWF), and a full-time Network Manager from IACED, with the help and financial support of $50,000 from the Central Indiana Community Foundation.
One million of Indiana families are below poverty level. The Network will push to create a standard aimed at expanding and improving consumers’ financial literacy and help protect their assets.
This investment of resources from the Glick Fund will assist in the costs associated with organization and mobilization, including travel, marketing, expanding membership, outreach, and support the Indiana Institute for Working Families in research and analysis on income support and asset acquisition policies.
“The commitment of CICF will make a difference in the lives of Hoosiers experiencing financial hardship as we continue to reach out to communities throughout the state. It is essential to understand what our most vulnerable families are experiencing and help craft ways to better empower them,” said Kelsey Clayton, Indiana Assets & Opportunity Network Manager.
The Network expects its activities to result in short-term outcomes, such as: increased awareness, increased program participation and support for policy-change. Network partners are also exploring specific, aggressive but achievable long-term outcomes. The Steering Committee meets monthly to help craft focus and energy toward long-term goals for the Network.