The Midas Collaborative is...

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2 The Midas Collaborative is... A network of 35 communitybased organizations. And a statewide non-profit organization.

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4 The Midas Collaborative is... Promoting asset-building and protection programs and policies throughout Massachusetts.

5 Matched Savings Program Graduation Lawrence Community Works

6 Increasing financial skills... Thousands trained in financial management across the state. Assets are hope, in concrete form. Michael Sherraden

7 Moving from Debt to Assets Greater Boston Interfaith Organization

8 Expanding financial skills new financial coaches train 500 staff and volunteers, to coach 6300 Mass residents.

9 Increasing personal savings... Midas investors, with an average income of $21,400, saved 10% of their monthly income when the national rate (all incomes) was 6%.

10 Financial Coaches in Training

11 Building a network to coordinate financial education... The Mass Financial Education Collaborative will deliver education across the state for every stage of life on many platforms.

12 2010 Financial Education Summit

13 Educating through the web... Hosts website with consumer-benefitting financial information and curricula for financial trainers and diverse consumers.

14 Getting the word out... Provided critical consumer information for residents to manage finances. 56,000 booklets distributed in 4 languages in 26 cities.

15 Stimulating the economy matched program graduates of 2010 invested in homes, small businesses, and post secondary education valuing a total of $10.1 million!

16 Arelis Dine, Education Investor Lawrence Community Works

17 Improving credit access... Matched savings and focused financial counseling increased credit scores of Midas graduates by 21%.

18 Martha Flood s Studio, Business Investor, Mass MoCA

19 Returning on public investment... For every $1 in state funds for matched savings programs, Midas participants made $64 in economic investments

20 Michelle Cruz, Homeownership Investor Lawrence Community Works

21 Juan De Dios Alvarez, Homeownership Investor Lawrence Community Works

22 Leading for the kids bills filed in the House and Senate to require financial education in Massachusetts public schools.

23 Adaliz Rodriguez, Education Investor Chelsea Neighborhood Developers

24 Youth IDA Graduates Lawrence Community Works

25 Stimulating the Economy...

26 Providing web-based support... Midas hosts website to help MTAC free tax clinics manage volunteers and tax sites. 500 users

27 Engaging the community... Integrated asset-building and leadership programs increased voter registration from 49% to 69%.

28 Congresswoman Niki Tsongas, accepting the CFED Policy Champion Award, presented by Midas and Lawrence Community Works staff

29 Heading Home Staff and Community Members Helping Build New Homes

30 Making the economy safer... One new law and one bill filed to limit the abuses of unregulated debt collectors.

31 Reaching a diverse community... Midas program investors are: 72% female 34% African American 34% Hispanic 17% Caucasian 15% other

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33 Midas members: Allston Brighton CDC Jewish Vocational Services Action For Boston Community Development La Vida Beverly Bootstraps Lawrence Community Works Cambridge Economic Opportunity Committee Madison Park Development Corporation Chelsea Neighborhood Developers Massachusetts Museum of Contemporary Art Codman Square NDC More Than Wheels Crittenton Women's Union One Family Dorchester Bay Economic Dev. Corp. Nuestra Comunidad Development Corporation DotWell Nuestras Raices/Solutions CDC Greater Boston Interfaith Organization Serving People in Need Heading Home Somerville Community Corporation Homeowner's Rehab, Inc. Springfield Partners for Community Action Berkshire Community Action Council Traveler's Aid Family Service Casey Family Services Lowell Urban Edge Housing Corporation Center for Women and Enterprise YWCA Compass Working Capital, Inc. Jamaica Plain Neighborhood Development Corporation Jewish Family and Children Services

34 Midas partner organizations: The Boston EITC Coalition Massachusetts Bankers Association Citizens Housing and Planning Association Massachusetts Budget and Policy Center Commonwealth of Massachusetts Financial Planners Association of Massachusetts Greater Boston Legal Services Massachusetts Financial Education Collaborative Massachusetts Association of Community Development Corporations MassINC Massachusetts Affordable Housing Alliance Mass Law Reform Institute Massachusetts Asset Building Coalition United Way of Massachusetts & Merrimack Valley Massachusetts Community and Banking Council UMass Boston, McCormack School of Policy Studies United Way of the Pioneer Valley Assets for Independence Resources Center Center for Social Development, George Warren School of Social Work Center for Responsible Lending Corporation for Enterprise Development Federal Deposit Insurance Corporation Federal Reserve Bank of Boston IDA network for practitioners Institute for Assets Social Policy Management Internal Revenue Service National Consumer Law Center New America Foundation's Asset Builder's Program US Department of HHS