I came across a post at the Washington Regional Association of Grantmakers tonight that was encouraging. Apparently, there’s a “trend” among leading foundations to be more adventuresome in their approaches to anti-poverty programs. I happen to know that some of the mentioned foundations are interested in asset-building, although I didn’t see those strategies highlighted in the Washington Grantmakers piece. And the latest issue of the Ford Foundation’s “Ford
Reports” highlights their increasing support for asset development programs including IDAs.
Who knew asset-building would be so trendy? Pretty soon, every 12-year-old at Myspace will be blogging about their favorite IDA programs and the hottest new financial education techniques.