Chart 1

Public Sources of Operating and Matching Funds for IDA Programs

Percentage of Programs Receiving Funding Operating Source Matching Source
HHS - Assets for Independence 49 59
HHS - Office of Refugee Resettlement 4 4
HHS - Community Service Block Grants 11 3
HUD Sources 15 11
Department of Labor 1 2
TANF 8 10
State Discretionary Spending 4 5
State Tax Credits 3 3
Local Discretionary Spending 3 4

Source: CFED, "Individual Development Accounts: Providing Opportunities to Build Assets," January 2007.

Note: HHS refers to the U.S. Department of Health and Human Services and HUD refers to the U.S. Department of Housing and Urban Development.

 

Chart 2

Private Sources of Operating and Matching Funds for IDA Programs

Percentage of Programs Receiving Funding Operating Source Matching Source
Foundations 28 27
Banks/Financial Institutions 25 27
Federal Home Loan Banks 1 6
Businesses and Corporations 9 7
United Way 15 12
Faith-Based Organizations 3 3
Individuals 11 11
Earned Income 5 3

Source: CFED, "Individual Development Accounts: Providing Opportunities to Build Assets," January 2007.