For those living in “asset poverty,” without a credit history or even a savings account, taking steps toward a prosperous future can seem daunting. But through education and planning, the seemingly impossible becomes possible. CAAB works with single mothers planning to buy their first homes, aspiring entrepreneurs working to launch a business, and individuals hoping to rebuild their credit. Classes and coaching cover the basics: managing money, saving, investing, understanding credit scores and financial rights. CAAB-supported savings accounts let clients save $1,000 towards their goals and CAAB matches it at least three to one. CAAB also manages the citywide DC Earned Income Tax Campaign, which provides free tax preparation and ensures that low- and moderate-income residents (5,129 households this year) can access the benefits to which they are entitled. In a vital community everyone has incentives and opportunities to save for the future. Won't you invest too?
Headquarters: DC-Ward 2
Where They Operate: DC-Citywide; MD-Montgomery County; MD-Prince George's County; VA-Arlington County; VA-Fairfax County; VA-City of Alexandria
Age Groups Served: Young adult (18-24); Adult (25-49); Seniors (50+)
Ethnic Groups Served: African American; Asian American; Caucasian; Latino/Hispanic; Other
Population(s) Served: Low- to Moderate-Income Community Members
Schools They Work In: Maya Angelou Public Charter School, DC Public Library System
Awards & Recognition
CAAB was selected as the local partner for the MoneyWise Financial Empowerment Tour, both for 2011 and 2012.
- $3 million or higher
- The current budget for Capital Area Asset Builders is: $1 million to $3 million
- $500k to $1 million
- Less than $500k
Catalogue charities range in size from $100,000 to
About the Catalogue for Philanthropy
Each year 120 expert reviewers evaluate applicants for distinction, merit, and impact. Each featured charity has been successfully site visited and its financials given the thumbs up. The Catalogue for Philanthropy charges no fees and raises funds separately to support its work. Since 2003, it has raised over $40 million for charities across the Greater Washington region.
The Catalogue for Philanthropy looks to friends like you to keep our services independent and entirely free of charge. Consider a small contribution to the Catalogue to cap off your gift and help the causes you care about get the full support they deserve!