Thanks to New Orleans families who trusted FII to invest in their community, we have been partnering and learning from New Orleans families since 2014.
In 2005, families displaced by Hurricane Katrina temporarily relocated to Oakland, CA, where FII was working in partnership with local families. These artists and cultural workers became interested in FII’s approach and stayed in touch with us as they made their way back home. They had a community with strong ties and support but lacked outside investment. They saw clear value in their community and wanted resources invested directly back to them. Their experience had been counter to this where investors had tried to cash in on their entrepreneurial spirit. In 2014, five of these community members launched FII–New Orleans (FII–NOLA) to help strengthen their community and collective self-determination. Families in New Orleans are focused on strengthening their community, arts, education, and youth success. What we have witnessed through data and on the ground stories is a continuation of their entrepreneurial spirit.
Total Number of UpTogether Fund Dollars Allocated to Families over time
Number of Touchpoints in UpTogether
NOLA: Family Metrics
On average, during 2 years of engagement with FII:
Total estimated amount FII families have exchanged through social capital activities
Total estimated amount FII families have exchanged through social capital activities like watching each others children, cooking for one another, lending money, and etc.
Average increase in monthly income
On average, during 2 years of engagement with FII, families report a 75% increase in monthly income. Median baseline total income for the average family size of 3 is $11,940/year or 57% of the 2018 federal poverty line. After two years of engagement with FII, the median total family income is $24,600/year or 118% of the poverty line.
Average increase in total liquid assets
On average, during 2 years of engagement with FII, families report an increase in their total liquid assets from $436 to $1,680.
Average amount saved to Retirement Investment Accounts
On average, during 2 years of engagement with FII, families save $2,870 through newly established Retirement Investment Accounts.
After 2 years families grow their assets by $2,177 and their monthly income by $11,276
Over the two years they are enrolled in FII, the average investment directly to a family is $2400. Using this investment, families grow their yearly income by $11,276 (or 4.7 times the investment) and their assets by $14,838 (or 6.2 times the investment)
New OrleansUpTogether Fund | Civic EngagementEducationSocial CapitalUpTogether Fund
I started the Manhood Inc. Social Club to answer the growing need for good education and to teach the tenets of real and honorable Manhood, Fatherhood, Brotherhood, Husbandry, and leadership in my community, Improvement in all of these areas of our lives as men will curve poverty, violence, depression, fulfillment and hopelessness.
- Created the Manhood Inc. Social Club bringing young men together with their elders in my community.
Thousands of families across the country are shifting long-held perceptions of low-income communities and changing our practice and policy approaches to poverty. Join us as we trust and invest in their initiatives.
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