Washington Area Women’s Foundation Joins Partnership to Close Prosperity Gap for Economically Vulnerable Women in the DC Region and Across the Nation
Washington Area Women’s Foundation has joined five women’s funds from across the country to form A Partnership for Women’s Prosperity, a platform to share best practices and find replicable solutions to address systemic problems facing economically vulnerable women and girls nationwide.
To cultivate their efforts, the women’s foundations that comprise the Partnership have accepted a total of $3,350,000 in grants from the Walmart Foundation. Washington Area Women’s Foundation, The New York Women’s Foundation, Women’s Fund of Mississippi, Women’s Foundation of Minnesota, Women’s Foundation for a Greater Memphis and Women’s Funding Network have the flexibility to leverage the funding as they see fit to support local programs and partners that deliver critical resources, job training, employment and education.
Collectively, the women’s foundations have funded programs that have turned around the lives of many women and girls. Each supports programs that help single mothers overcome systemic barriers to success, homelessness, and abusive relationships, among other issues, through job training and resource opportunities, all of which have enabled them to get family-sustaining work. The women’s foundations also support programs that reach young girls at-risk and provide them with opportunities that build their confidence and put them on the path toward future economic security and success.
To learn more about the Partnership for Women’s Prosperity, please click here.
Why Invest in Women and Girls?
- Fifty-five percent of the 42.9 million people living in poverty in the U.S. are women and girls (ACS).
- People in single female-headed families (with children) have a poverty rate of 42 percent (Demos).
- Women comprise 50 percent of the workforce and a majority of college graduates.
- Without women, our economy would be 25 percent smaller today – an amount equal to the combined GDP of Illinois, California and New York.
Here are a few specific examples of how Partnership members are changing the lives of women across the nation:
- In the past seven years, Washington Area Women’s Foundation has made grants that have helped single, low-income women with children in the DC metro area collectively increase their assets and income by more than $35 million. Click here for more information on the program that invests in improving the economic security of women-headed families in our community.
- After Hurricane Katrina, Jackson, Miss. saw an influx of individuals looking for shelter and work. Dress for Success Metro Jackson’s was able to provide support to the newcomers, a large number of whom were low-income women. Click here to read more.
- In 2002, the Women’s Foundation of Minnesota launched the girlsBEST (girls Building Economic Success Together) Fund, a grantmaking and public awareness program to build the economic power of girls, ages 10-18. In 2008, the girlsBEST Fund became the first permanently endowed fund of its kind at any women’s fund in the world. Read more.
To stay updated about the work and impact of Washington Area Women’s Foundation, please sign up to receive monthly e-mail updates by clicking here.