Oregon Bright Futures Task Force
House Bill 2389 creates the Oregon Bright Futures Task Force, which will finalize the plans for a children’s savings program in Oregon. For the past several years, a wide range of Oregon partners, including community based organizations, financial institutions, organizations supporting student success, and philanthropic organizations have been learning about children’s savings, exploring the potential for a statewide effort in Oregon, and grappling with operational questions. The Oregon Bright Futures Task Force will carry that work forward and engage the Legislature in finalizing a proposal for consideration and adoption in 2020.
Children’s Savings Accounts: An Evidence-Based Strategy
Evidence from around the country shows that designed properly, children’s saving plans can reach students who might not otherwise think about college or post-high school training as a possibility. Oregon Bright Futures incorporates design elements that promise to help reach communities of color, rural communities, families with the lowest incomes, and families who don’t have connections to mainstream financial institutions.
The Oregon Asset Building Coalition
The Oregon Asset Building Coalition is comprised of organizations with deep connections in many Oregon communities. We focus on state level policy change that will promote financial resilience and the inclusion of under-served communities, communities of color, and rural communities in Oregon’s prosperity.
NP is a statewide nonprofit organization with a 29 year history of achieving impacts throughout Oregon’s communities. We manage the Oregon Individual Development Account (IDA) Initiative, convene the Oregon Asset Building Coalition, and convene the Oregon Housing Alliance.