ECONOMIC OPPORTUNITY
The Piton Foundation works to increase the financial security of economically disadvantaged individuals by connecting them to the educational opportunities needed to obtain well-paying jobs and to community resources to help them accumulate assets.
Piton has four major strategies to help adults achieve economic self-sufficiency.
- Increase education levels. Research documents the significant impact that vocational skills and post-secondary education have on income. Piton currently is exploring ways it can most effectively use its resources to increase low-income Denver residents' access to and success in post-secondary education. The foundation is researching Colorado's higher education systems and building relationships with the individuals and organizations who seek to improve the educational outcomes of students being served by these systems.
- Increase employment skills. Through its close partnership with Making Connections--Denver, Piton provides support to workforce agencies to help unemployed and underemployed individuals secure the entry-level jobs they need before they can advance in the workforce.
- Accumulate assets. Piton helps economically disadvantaged adults to stretch their incomes today and build their savings for tomorrow by raising awareness of and access to tax credits such as the Earned Income Tax Credit. Also, working in collaboration with Making Connections-Denver, Piton provides support to financial and other institutions to deliver alternative, innovative products and services that help build positive financial habits that can help families accumulate assets.
- Build social networks. Piton believes that people succeed when they are in meaningful, reciprocal relationships with significant numbers and varieties of people who can help guide and inspire them, as well as offer information, ideas and resources to help them achieve their self-sufficiency goals. Piton works to foster practices -- individual, community and institutional -- that promote environments in which these relationships can form and flourish.
Piton's Economic Opportunity Initiatives
ASSET BUILDING
The Piton Foundation considers tax credits, especially the Earned Income Tax Credit, an important tool for increasing the economic self-sufficiency of lower-wage workers and for, potentially, helping them build assets. Since 1991, Piton has sponsored an annual, statewide public education campaign to inform lower-wage workers about tax credits, disseminating more than a million printed materials annually through public and private service providers and employers. Read more
Piton also collaborates with Making Connections--Denver on two additional asset-building strategies: increasing access to affordable and high quality financial education and services, and funding matched saving accounts for residents who want to pay for post-secondary education, purchase a home, or start a business. Read more
EMPLOYMENT SKILLS
The Piton Foundation works in conjunction with Making Connections--Denver to link residents of four low-income neighborhoods to family-supporting jobs. Making Connection's workforce strategy involves three key components: helping workforce agencies target and connect residents of these four neighborhoods to jobs in growing sectors of the economy; working with the community college system to improve access for neighborhood residents to degree and certification programs; and connecting residents to employment and housing benefits associated with the project to redevelop the site of the Gates Rubber Factory.
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POST-SECONDARY EDUCATION
Historically, Piton has focused its educational resources on the front-end of the educational pipeline. As access to and quality of early childhood education improves, Piton is beginning to work at the other end of the pipeline to improve low-income Denver residents' access to and success in post-secondary education. Read more.
SOCIAL NETWORKS
"Social networks" are the interconnections between people who rely on each other for the exchange of information, resources and ideas. But low-income individuals often feel disconnected due to barriers created by poverty, language and cultural differences. The Piton Foundation and the other partners in the Denver Social Network Partnership are working to help low-income families get ahead by building their social networks. While at the same time, the organizations themselves are significantly changing the way they deliver their services in order to help create stronger social networks among the people they serve. Read more
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