Who is The Job Foundation?

 Who is the The Job Foundation?

Beginning in 2006, the Job Foundation was founded upon the real-life financial crisis experience of Jennifer Corey-Brost. During her sophomore year in college, Jennifer chose to move into a run-down apartment where she and her roommates ministered 24/7 to anyone in severe poverty. A few years later, she and her husband lost their first child, Job, and the Job Foundation began.

What do they do?

The Job Foundation, the first Savings-Linked Conditional Transfer program in the world for children, was proudly founded in Waterloo, Iowa in 2006. The Job Foundation offers financial asset building by letting students participate in the SLCCT. Students earn SLCCT by having good grades, behavior, and attendance at school. 60% of their earnings are held in a savings account until high school graduation, when the savings will be used to obtain a secured loan to begin their credit history. The remaining 40% of their earnings will be spent during supervised shopping trips, during which the student learns budget writing, comparisions, balancing checkbooks, and much more. Students also meet with mentors at least twice a month for academic tutoring, as well as attend financial stewardship classes.

How do they enhance our community?

The Job Foundation recognizes that regardless of how the family came into a state of financial distress, it is in the best interest of everyone in the community to help ensure their financial success. The Job Foundation strives to rid the community of present and future financial poverty, and reduce the risk of financial disadvantage for all children.

Why is financial literacy important?

For low-income children, the risk of financial hardship may begin with a family history of oppression, abuse, lack of wealth, or mismanagement. Middle and high income children may also believe they are shielded or protected from financial hardship as adults.

"However, we know that there is no amount of money that cannot be squandered or mismanaged, and financial stewardship is an aquired skill. Therefore, financial training is important for all children to achieve financial success in adulthood." - Job Foundation