CAAB

Investing in People, Strengthening Communities

Savings Success of a DC Foster Youth

A few days ago, Roosevelt W. achieved a dream and a personal financial goal: plan, budget and save enough money to purchase his first car. "I feel good about accomplishing this dream," said Roosevelt. "It allows me to get to work on time, go anywhere I want and feel independent." Roosevelt is a participant in the Market Matched Savings Program of the DC Child and Family Services Agency (CFSA).

Savings Success of a DC Foster Youth

A few days ago, Roosevelt W. achieved a dream and a personal financial goal: plan, budget and save enough money to purchase his first car. "I feel good about accomplishing this dream," said Roosevelt. "It allows me to get to work on time, go anywhere I want and feel independent." Roosevelt is a participant in the Market Matched Savings Program of the DC Child and Family Services Agency (CFSA). 

"This is just what we had in mind when we established the matched savings account program in partnership with CAAB," said Brenda Donald, CFSA's Director. "We wanted to give our youth an incentive for saving money, setting goals, and realizing their dreams.  Way to go, Roosevelt!” 

Capital Area Asset Builders (CAAB) is a proud partner with CFSA in the Market Matched Savings Program. The program provides financial education, asset training, fund-matching savings accounts and other aspects that directly relate to youth transitioning to independence. The program assists with youth’s transition to independence by creating opportunities to increase knowledge of finances as well as their savings and wealth.  The purpose of the matched funds is to empower and educate youth to focus and plan for their future while engaging them in developing both a short-term and long-term financial plan toward the acquisition of assets.  The program includes youth in foster care between the ages of 15 and 21 years.

"I didn't focus on the future," said Roosevelt. "I was living in the now and not worrying about the future. My foster mom, Anna, sat me down one day and told me about accomplishing goals in life. She was instrumental in introducing me to saving. The information, encouragement and support provided to me by CFSA and CAAB reinforced the need to focus on the future, save and have a game plan to achieve my dreams. I hope other youth take advantage of the program and realize that they too can achieve their dreams."

How to give

Now, more than ever, non-profits like Capital Area Asset Builders (CAAB) need your help. Please support CAAB as we continue to help DC residents manage and/or improve their financial situation during these difficult times. If you can't afford to give a monetary gift, please visit our Amazon Wish List where you can choose from a variety of items that CAAB needs in order to better serve our community.

or send a check or money order to
Capital Area Asset Builders (CAAB)
c/o Joseph Leitmann-Santa Cruz, CEO & Executive Director
1100 H Street NW, Suite 200
Washington, DC 20005