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John,

$2.8 billion.

That’s the total amount of money refunded to clients this year though the Volunteer Income Tax Assistance (VITA) program. We are proud to champion this work to help low-and-moderate-income families keep more of what they earn.

VITA’s success was just one of many. We’re proud of the progress we made this year on the path to transform our economy into one that is just, fair, and free from structural racism.

Here’s a look at other progress we made in 2022 thanks to your support:

In addition to these accomplishments:

Washington State appropriated funds for an advisory committee to research wealth inequities in the state to inform Baby Bonds legislation. Prosperity Now was awarded a grant to support the advisory committee and this critical work.

Massachusetts created a similar task force to develop recommendations for a Baby Bonds initiative.

Louisiana passed a concurrent resolution to study the potential for a Baby Bonds program in the state.

Advocacy with national partners led to the inclusion of Child Tax Credit (CTC) expansion in the House’s Build Back Better (BBB) Act following successful implementation of CTC expansion in 2021, which lifted 3.7 million children out of poverty. Prosperity Now will continue to push for CTC expansion extension with national partners to make sure that millions of children—particularly children of color— stay out of poverty.

We refreshed our Prosperity Now Networks into four groups averaging 11,000 members each.

We believe, as you do, that everyone — no matter their zip code or their skin color — should be able to participate in the economic opportunity this country has to offer. We’re ready for more progress in 2023 and we’re grateful to have your partnership.

Thank you for being part of this fight.

Sincerely,

Gary Cunningham

President & CEO

Prosperity Now

P.S. Your contribution amplifies our collective power. I know you believe, as we do, that we have waited long enough for economic equity. Please make your tax-deductible gift to move our mission forward. [[link removed]]

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