Miller didn’t have the answer himself but knew that people like his mother who had worked hard to improve their lives would. FII was started to learn about and trust and invest in the initiatives people like Miller’s Mom were taking. Since then, we have grown our presence in Northern California to include San Francisco and Fresno.
Total Number of UpTogether Fund Dollars Allocated to Families over time
Individuals
Families
Number of Touchpoints in UpTogether
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.
37%Average increase in monthly income
Median baseline annual income for the average family of three is $21,600 or 101% of the federal poverty line. After two years of engagement with FII, the median annual income is $23,838 or 112% of the federal poverty line.
Over 2 years, on average, families increased their total liquid assets from $964 to $2,965.
16%Average decrease in subsidies such as TANF and SNAP
On average, during 2 years of engagement with FII, families report a 16% decrease in subsidies such as TANF and SNAP.
Average overall economic impact of a family’s increased spending
Over the two years they are enrolled in FII, the maximum investment directly to a family is $3,200. A small investment has huge returns. The overall economic impact of a family’s increased spending on the cash economy, government revenue, and social capital engagement is $15,180 over the two years they partner with FII.
FII has watched me improve my credit and has changed my life forever, and my children’s life in a positive and productive way. They have made me feel important and showed me what a role model truly is for my community and my family.
Vice President of Operations and Admin
Senior Vice President, Boston Private
Senior Program Officer, James Irvine Foundation
Founder, Obindo
CEO, M2 Inc and Senior Fellow at Harvard University
Director of Financial Justice at The City and County of San Francisco
Horace W. Goldsmith Foundation
