CAAB works with people living in "asset poverty" – no credit histories, no savings accounts. They are single mothers planning to buy their first homes, aspiring entrepreneurs working to launch a business, individuals hoping to rebuild their credit. Classes and coaching cover the basics: managing money, saving, investing, understanding credit scores and financial rights. Matched savings accounts help clients save toward their goals with matches ranging from 2:1 to 5:1 depending on the program. Direct cash transfers to individuals and families with low incomes ($827,918 in 2021) mean they can make decisions in their own best interests on the road to prosperity. CAAB also provides free tax preparation so that people from low- and moderate-income households (4,500 last year) can access the benefits to which they are entitled. In a vital community, everyone has incentives and opportunities to save for the future.
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.
- Survey shows Americans struggle when it comes to saving
Mon Feb 24 2014, CBS News
Alicia Tolliver, a Washington, DC-based successful saver in Capital Area Asset Builders' (CAAB) Matched Savings Program, shared her perspectives on the importance of saving, debt reduction, small business entrepreneurship and financial planning.
- How Taxes Make Work Pay
Sat Apr 24 2010, Defeat Poverty DC Blog
Taxes are a basic need and a free preperation option is a critical service for low-income DC residents.
- Taxes Filed, Financial Planning Begins
Wed Apr 14 2010, StreetSense
The work of the 2010 DC Earned Income Tax Credit (D.C. EITC) Campaign does not end on tax day; they promote opportunities through the year.
- Daily People On The Move for April
Wed Apr 7 2010, Washington Business Journal
The Capital Area Asset Builders in D.C. named Maurita Coley executive director.
- Maurita Coley Named CAAB's New Executive Director
Mon Apr 5 2010, Washington Post
Maurita Coley will succeed Colleen Dailey to further the mission of putting clients on the road to financial independence.
- $3 million or higher
- The current budget for Capital Area Asset Building Corporation 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!