The Opportunity Fund is a nonprofit organization that has provided four AFI grants since 2003, with the goal of providing low-income households with the opportunity to increase their financial management skills, establish habits of saving on a regular basis, and invest in high-return assets.
The Opportunity Fund emphasizes homeownership, postsecondary education, and business capitalization, with the goal of demonstrating an effective approach to fighting chronic poverty among low- and extremely low-income households in distressed San Francisco neighborhoods. The fund has been successful in opening IDAs, recruiting participants, providing financial education, and purchasing assets.
Partners
The Opportunity Fund partners with the Center for Venture Philanthropy, Catholic Charities, National Hispanic University, DeAnza College, Start Up, and OIC to provide participant recruitment.
Assets for Independence Grant History
Project Title
Assets for All Alliance
Highlights/Outcomes
1255 IDAs have been opened.
1,650 participants have received financial education.
$2,081,153 saved by participants.
912 participants have purchased an asset.
Total AFI Funding
Total AFI Grant Funding:
$2,688,250
Total Non-Federal Support: $2,688,250
Focus Population
The Opportunity Fund targets eligible participants in Northern California's Silicon Valley, with a focus on the low-income neighborhoods of San Mateo and Santa Clara counties.
Contact
Opportunity Fund
111 West St. John Street Suite 800 San Jose, CA 95113
(408) 297-0204 www.opportunityfund.org/
