Financial Stability Partnership

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Brian Gallagher, Rodney Slater Joined by National Partners to Launch United Way Financial Stability Partnership

A cross-section of the nation’s most powerful and effective Fortune 500 businesses, non-profit organizations, federal agencies and local United Ways joined United Way of America CEO Brian Gallagher and Board Chair Rodney Slater May 7 to celebrate the launch of the United Way Financial Stability Partnership™, the new national initiative created to empower low- to moderate-income people to achieve long-term financial stability that leads to independence.

Joining Gallagher and Slater in recognizing results already achieved and an ambitious slate of goals for the partnership were Kevin Brown, acting commissioner of the Internal Revenue Service; Ralph Smith, senior vice president of the Annie E. Casey Foundation; Bill Couper, President of Mid-Atlantic Region, Bank of America; Stan Litow, president of the IBM International Foundation; Marc Ferguson, founder and chairman of Nets to Ladders; Mike Durkin, CEO of Mile High United Way in Denver, and Anne Wilson, CEO of United Way of the Bay Area in San Francisco.

Click here for pictures from the launch event (including high resolution)
United Way Financial Stability Partnership Launch --watch all speakers

Financial Stability Partnership

EITC and Beyond: 2007 Leadership Summit -- find out more and register

United Way’s Financial Stability Partnership is a new national initiative aimed at helping individuals and families attain and preserve assets, become more financially stable, and achieve long-term economic independence.

The United Way movement seeks to identify and address root causes as an effective means of tackling issues and transforming communities. Yet, community issues stemming from personal, economic, and environmental factors are growing increasingly more complex. The rising costs of housing, healthcare, utilities, and education, coupled with changes in the economy, have left many hardworking individuals struggling to support themselves and their families.

With input from national experts, United Way leaders, and community investors, United Way designed a stepped approach that helps low- to moderate-income individuals and families increase their personal income, build savings, and gain and benefit from productive assets, such as a home, post-secondary education, small business development, and/or retirement savings.

Financial Stability Partnership Framework

Step one – increase income
Step two – build savings
Step three – gain and sustain assets

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