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Secure Your Spot at the Prosperity Summit—Register Now!

Dear John,

If you haven’t already, be sure to register for the upcoming 2024 Prosperity Summit [[link removed]] on September 4-6 in National Harbor, MD! We’re excited to announce that the full agenda [[link removed]] has been released! The Summit will feature a lineup of insightful speakers, valuable networking opportunities, and engaging concurrent sessions. Don’t miss this chance to connect with industry leaders and peers while exploring new strategies for financial prosperity. Secure your spot today!

Click to view the full agenda [[link removed]]

It’s not too late to join the fun... and save some money! Right now, use this discount code to save $150 on your Summit registration: PNSpecial22

Register Today! [[link removed]]

Newsletter Spotlight

The Truist Foundation [[link removed]] has announced over $4 million in grants to 11 nonprofit organizations, including Prosperity Now [[link removed]], to support innovative solutions and expand successful initiatives into new regions. This funding addresses the significant challenge many nonprofits face in securing resources for growth.

A recent UHY Advisors report [[link removed]] highlights that over half of 116 surveyed nonprofits have launched new programs in the past year, yet nearly half struggle with scaling these solutions. Truist Foundation President Lynette Bell emphasized the importance of community proximity in crafting effective solutions, stating, "Nonprofits often best understand the communities they're operating in. Corporate philanthropy must be willing to invest in new ideas and their potential to succeed in different communities."

These grants align with the Truist Foundation's focus on supporting small businesses and creating career pathways in underserved areas, reflecting a commitment to meaningful, community-driven impact. We are excited to be a part of this important movement!

Upcoming Events

Prosperity Now | The VITA Leadership Institute: A Success Story and Lessons Learned [[link removed]]

Join us on Monday, July 29th, from 3:00 – 4:00 PM EDT, for a webinar to explore the impactful journey of the VITA Leadership Institute Cohort (VLI), a program born from the generosity of Wells Fargo. Discover how this cohort of 10 diverse VITA programs selected from all over the country collaborated and shared insights on critical topics like volunteer recruitment and innovative service delivery models.

The Asset Funders Network | Leveraging CDFIs To Increase Wealth Generation and Equity [[link removed]]

Join The Asset Funders Network on July 31st at 1:00 PM EDT to explore the crucial role of CDFIs in small business wealth creation with an equity-focused lens. This event explores the importance of patient capital for transformative change and highlights grantmaking strategies to support CDFIs in generating wealth for undercapitalized communities of color.

In the News

Student Loan Forgiveness Resumes For Millions As Major Program Completes Transition [[link removed]] | Forbes (Nat.)

(forbes.com)

The Biden administration has resumed processing applications for the Public Service Loan Forgiveness (PSLF) program. After months of delays during a servicing transition, eligible public servants can now apply for loan forgiveness after making 120 qualifying payments over 10 years while working for nonprofit or public organizations.

Child poverty target of Maryland’s new State Innovation Program [[link removed]] | Statescoop (Nat.)

(statescoop.com)

Maryland, in partnership with Bloomberg Philanthropies, has launched the State Innovation Team to tackle childhood poverty. The initiative includes a chief innovation officer and a seven-person data team working across state agencies to address the issue.

Financial Security In Retirement Comes With A High Price Tag [[link removed]] | Forbes (Nat.)

(forbes.com)

7/1/24

Achieving financial security in retirement requires substantial savings. Federal Reserve data indicates that you'll need over $500,000 to ensure a comfortable retirement. To truly understand how retirees are doing, it's essential to focus on concrete financial measures rather than just how they feel about their situation.

Is It Silicon Valley’s Job to Make Guaranteed Income a Reality? [[link removed]] | The New York Times (Nat.)

(nytimes.com)

The tech community has been testing monthly payments of $500 to $1,000 to help those in need, with some trials taking place in high-cost areas like Silicon Valley. These efforts are pushing the concept of guaranteed income, including universal basic income, into the spotlight.

Resources & Publications

A PLAYBOOK TO BUY BACK THE BLOCK: How community practitioners can foster inclusive ownership of commercial real estate [[link removed]] | Brookings Metro | July 2024

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