JFI is a 501(c)(3) private operating foundation and depends on the support of donations from individuals and grants from institutions.
When you support JFI, you’re contributing to the creation of new research that informs the academic and policy discourses—and to the realization of that new knowledge through pilots, interventions, and policy design. If you’d like to learn more about supporting any of our initiatives, or JFI as a whole, email us at email@example.com.
In late July, we are launching JFI Capital in order to help fundraise for several specific projects with which JFI has collaborated or whose mission JFI supports. Among them are:
Student Freedom Initiative (SFI)
The Student Freedom Initiative (SFI) is a new, multi-institution nonprofit fund intended to finance the educations of students at historically Black colleges and universities (HBCUs). In 2019, philanthropist Robert F. Smith made a contribution to Morehouse College that was used to pay off all the college loans for its graduating seniors. SFI addresses an expanded set of HBCU students, through income-contingent funding, in a nonprofit structure that directs proceeds back to the education of future students. The fund will launch in Fall, 2021 for a select number of institutions, eventually expanding to the entire HBCU community. Anchored by a seed investment from Smith, SFI is the collaboration of the Fund II Foundation, the United Negro College Fund (UNCF), Skadden Arps, the Education Finance Institute (EFI), and JFI, which provided program design, analytics, and research. Designed in collaboration with the HBCUs and their broader community, SFI prioritizes opportunity and equity for Black students.
Workforce Ventures (WV) is a community development financial institution aimed at advancing workforce development in priority occupations and sectors by creating opportunities for low-income and underrepresented populations. WV’s training prioritizes careers that pay family-sustaining wages, offering funding, wrap-around services, mentoring, career readiness, and job placement support. Its financial support will come in the form of income share agreements (ISAs) with the aim of improving the quality of jobs for workers and boosting inclusive hiring among participating companies. These ISAs, developed in collaboration with the San Diego Workforce Partnership and JFI, will have a pay-it-forward mechanism that allows participants who obtain high-paying jobs to help support future students and trainees.
City of Newark Guaranteed Income Pilot
As part of its suite of equitable growth policies aimed to attack the financial insecurity, chronic unemployment, and systemic racism experienced by too many of its minority residents, Newark is launching a guaranteed income pilot. This pilot will build on the recommendations of the 2020 Guaranteed Income Task Force, led by JFI and including a diverse array of community organizations. For the 3/4 of Black and 2/3 of Latinx Newarkers living in liquid asset poverty, and half of Newark families earning under $40,000 per year, a guaranteed income would provide a sorely-needed regular influx of cash absent the strict conditions imposed by other forms of government assistance. Launched as part of the recently-formed Mayors for a Guaranteed Income (MGI), this pilot will help answer cutting-edge questions about how to design the most impactful guaranteed income policy, while building the evidence and coalition needed to make such a policy a political and economic reality.
Basic Income for the Women of The Gambia
Few corners of the world are left unscathed by the COVID-19 pandemic, but the women of the Gambia have been left particular vulnerable – at risk of gender-based violence, economic marginalization, and child labor. The Basic Income program aims to prevent these eventualities by providing regular economic assistance to 10,000 women for one year. The initiative builds on the remarkable work done by Nobel Peace Prize nominee Jaha Dukureh and the women’s empowerment non-profit she leads, Safe Hands for Girls. In partnership with GiveDirectly and JFI, this initiative would be the first women-focused basic income program on the African continent – the basis for essential knowledge for more substantial, long-term cash assistance programs in the Gambia and Africa more broadly and, in the near term, a much-needed lifeline for Gambian women and the families they support.