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    • Home
    • About
      • Our Mission & Vision
      • Our Impact
      • Contact Us
    • Programs
      • Programs Overview
      • Financial Empowerment
      • Life Skills Development
      • Skill-Building
      • Mental Wellness
    • News & Events
      • News
      • Events
    • Get Involved
      • Donation
      • Volunteer

  • Home
  • About
    • Our Mission & Vision
    • Our Impact
    • Contact Us
  • Programs
    • Programs Overview
    • Financial Empowerment
    • Life Skills Development
    • Skill-Building
    • Mental Wellness
  • News & Events
    • News
    • Events
  • Get Involved
    • Donation
    • Volunteer

Financial Empowerment Programs

 We believe that financial stability is the foundation for a brighter future. Our financial empowerment programs provide individuals with the tools, knowledge, and resources to achieve economic self-sufficiency.


  • Financial Literacy Workshops:
    Participants learn essential skills such as budgeting, saving, credit management, and debt reduction. These workshops are designed to help individuals take control of their finances and make informed decisions.


  • Universal Basic Income Initiatives:
    Through pilot programs, we provide temporary financial support to individuals and families in need, helping them meet basic needs while they work toward long-term stability.


  • Matched Savings Program:
    Our Matched Savings Program empowers participants to save for specific goals, such as homeownership, education, or starting a small business. For every dollar saved by participants, we match a percentage, doubling their efforts and accelerating their progress toward financial independence. See below for more details
     

Sow A Seed IDA Matched Savings Program FAQ

 Program Name: Sow a Seed IDA Matched Savings Program  

What is an Individual Development Account?

Individual Development Accounts (also called IDAs): Are matched savings accounts that allow individuals and families to establish a pattern of regular savings and, ultimately, withdraw for a specific savings goal and/or asset purchase. Savings and match money may be used toward the down payment to purchase a home and/or pay for closing costs, to start a small business or expand a business, or further post secondary education or job training.

In addition to earning match dollars, individuals will learn about budgeting, saving, banking and credit when they open an IDA. (e.i. For every $1 saved, a match of an additional $2.)

Why is money matched?

Money is matched to encourage and help participants to save enough to purchase an asset, such as a house or create or expand a business. While paychecks help to buy food and clothing and pay bills each month, an asset provides financial security for the future. If participants begin to earn less money or lose their job, having an asset will make it easier for them to continue to pay their bills and meet household needs. 

Where do the Sow A Seed match dollars come from?

 Match dollars for Sow a Seed IDAs come from many different places, such as government grants, private companies, churches, local charities or donations. Any individual, organization or business can contribute match dollars to IDAs.  

How does Sow A Seed IDAs work?

Legacy Foundation for Change will recruit participants for the Sow a Seed IDA Match Savings program, provide financial education classes, and also provide one‐on‐one counseling. After being deemed eligible for the program, each participant will sign up for an IDA program and open an account with the partnering financial institution. The financial institution handles all transactions to and from the IDA. Each month, participants receive a statement telling them how much money (individual savings + match + interest) is accumulating in their IDA.


A Seed Match Savings program will be as short as one year or as long as eighteen months from beginning to end. Sow A Seed participants are allowed to withdraw money as soon as they have reached their savings goal, but they must first complete 10 hours of financial literacy workshops and at least 3 one-on-one sessions with a credit coach.

Do I have to use my IDA savings to buy a house, pay for education or job training, or start a small

Yes, the match savings must be used for specific asset saving usages only. 

Is an IDA right for me?

This is a great question that you and a program specialist will be able to answer together. If you would like to own a home, further your education or start a small business, then participating in Sow a Seed Match Savings Program could be the best way to reach your goal. Each person and situation is different, so take time to ask questions and learn as much as you can.   

DETAILS ABOUT THE PROGRAM

What are the eligible requirements?

To qualify for assistance, applicants must provide the following documentation:


  • Verifiable Proof of Income (e.g., pay stubs, tax returns, or benefit statements)
  • Proof of Residency (e.g., utility bill, lease agreement, or official mail)
  • Valid Government-Issued ID (unexpired)
  • Income Limits (80% Area Median Income):
    • 1-person household: ≤ $57,000
    • 2-person household: ≤ $65,150
    • 3-person household: ≤ $73,300
    • 4-person household: ≤ $81,400
    • 5-person household: ≤ $87,950


Note: All documents must be current and legible. Adjustments may apply for household sizes beyond 5.. 

When will the program begin?

The launch of this program is contingent upon securing full funding. While we are actively pursuing grants and partnerships, we anticipate opening applications Q3/Q4, pending resource availability.  

What are the next steps to follow once the program is active?

  • You must apply and if you’re eligible. If you’re not eligible at the time of your application, your name will remain on a waitlist for up to 1 year. If circumstances change you may be deemed eligible.
  • You will be invited to an orientation. Attendance is MANDATORY.
  • After orientation, you must provide the documentation needed. (e.i. Unexpired government issued ID, Current pay stubs, & proof of residency)
  • A meeting will be scheduled between you and your future coach/counselor/specialist.
  • Your application and documents will be reviewed, revised and approved! (hopefully).
  • Once approved, you must open a separate savings account during the first 45 days.
  • A 2nd appointment with your coach is required to review the Savings Plan Agreement, collect data/surveys.
  • Start your monthly deposits. (Minimum deposit of $25) We strongly encourage monthly deposits.
  • You will provide IDA account documentation to your coach every month. Progress towards the goal should be made every month and if not an explanation is needed.

You will see your counselor periodically and you will fill, complete and update documents as necessary. Your involvement is REQUIRED. 

Next Steps

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We appreciate your patience as we work to ensure sustainable support for our community.

Copyright © 2025 Legacy Foundation For Change a 501(c)(3) - All Rights Reserved.

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