Stepping Stones is a multi-year grant making and education initiative focused on increasing the economic security of low-income women in the DC metro area.
What is the issue, problem, or challenge?
Over 260,000 women and girls are living in poverty in the Washington metropolitan region, with DC having the highest female poverty rate at 20 percent. Twenty-seven percent of the women in the region only have a high school diploma or less, limiting their ability to achieve economic stability. Women with graduate degrees earn roughly $70,000 annually compared to the $18,000 women who have not graduated from high school earn.
How will this project solve this problem?
Stepping Stones serves as a catalyst for best practices and helps non-profit organizations in the region work together to break down the barriers that prevent low-income women from achieving economic security. Through investing in financial education, job training, and early care and education, we are putting them on the path to prosperity.
Potential Long Term Impact
The project is ongoing but, to date 7,000+ women increased their income and assets by $36 million, over 3,000 women received financial education resulting in an increase of assets of over $18 million, and 310 women have become homeowners.
Total Funding Received to Date: $2,978
Remaining Goal to be Funded: $7,022
Total Funding Goal: $10,000