The federal stimulus package creates potential opportunities for foundations to invest their private funds to leverage new federal funding at a rate of $1 to $4. Yes, that is correct! Your investment of $100,000 can leverage $400,000 in federal Temporary Assistance for Needy Families (TANF) funds. This opportunity is available only through September 30, 2010, unless Congress amends the current law. A workgroup assembled by Governor Rell is exploring these federal funds leveraging opportunities and has prioritized two program areas for Connecticut funders to consider investing funds: housing stabilization and family economic stabilization.
Click here, to access TANF materials for funders, including the audio recording and materials from the briefing held on February 19.
Click here to access TANF materials for nonprofits, including the PowerPoint from the February 22, briefing.
