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Program Initiatives
EARN's Asset-Building PortfolioEARN is building a portfolio of asset-building products and services that go far beyond the basic Individual Development Account. Our new Alumni Association is helping "graduates" of our IDA program to leverage and preserve their hard-won assets. We are piloting a family savings program to help parents and children save together, and we are expanding an initiative targeting San Francisco home-based childcare providers.
We partner extensively with the City and County of San Francisco, including initiatives such as the Working Families Credit, the annual Earn It! Keep It! Save It! campaign, and Bank on San Francisco.
Example: Bank on San Francisco
Interested in opening a Bank on San Francisco account? Click here.
According to a study by the Brookings Institution, an estimated 50,000 households in San Francisco are unbanked, representing nearly 15 percent of all households in the city. Bank on San Francisco's goal is to bring 10,000 of these households into the financial mainstream by helping them to open a low-cost, starter bank account. The initiative is a joint effort of Mayor Gavin Newsom, Treasurer José Cisneros, and the Federal Reserve Bank of San Francisco, along with EARN as the leading nonprofit partner. San Francisco is the first city in the nation to develop a program of this kind to help everyone to enter the financial mainstream and start saving for the future.
EARN has played a key role in the development and delivery of Bank on San Francisco. EARN's primary role is to coordinate financial management training provided by banks; arrange additional training as needed; and get the word out to the community both directly and through our strong network of partners.
If you are interested in opening a Bank on San Francisco Account, please take the following steps:
1) Click on Bank on San Francisco PDF to download a list of participating financial institutions.
2) Choose the financial institution that best meets your needs.
3) Visit the branch nearest you and specifically ask for a Bank on San Francisco Account.
If you are interested in registering for a financial management training course please call Marco Chavarin at 415.217.3660 to register. Please see the official Bank on San Francisco website for more information on this unique and innovative initiative.