Mission, Strategies, History

Our Mission

The California Asset Building Coalition (CABC) is a statewide network of diverse organizations joined together to advance statewide policies and programs that help Californians to save, build assets, and achieve economic mobility.

Our Strategies 

ADVOCATE

We educate policymakers, community leaders and stakeholders on strategies that help low- and middle-income Californians climb the economic ladder, and break the cycle of poverty that plagues over 9 million residents (24%) across the state. We advance state and federal legislation, based on our 5 policy principles:

  • Increase access to safe and affordable financial services, education, and products that help families build assets over a lifetime.
  • Expand economic tools and opportunities that help low- and middle-income communities pursue higher education, a secure retirement, healthcare coverage, stable housing, and viable homeownership options.
  • Eliminate public and private wealth-stripping practices that exacerbate poverty.
  • Strengthen social safety net programs that can help people climb the economic ladder.
  • Connect low and middle income communities to sustainable employment and career opportunities that lead to self-sufficiency.

EDUCATE

We elevate understanding of strategies to help Californians become financially secure.

  • Assets Building Symposium. This first-of-its-kind state level symposium for policymakers and practitioners is held annually in California.  Community leaders join with local, state and national experts to explore policy solutions, new research, and innovations on tackling financial challenges facing Californians.
  • Digital Forums. These webinar discussions explore the most pressing financial issues facing residents and provide technical support and guidance to local coalitions.

COLLABORATE

We build a statewide constituency in support of asset building.

CABC provides state policy analysis and advocacy coordination, so that members in every corner of the state know how to work with state officials to effect the changes their communities need. We are respected in Sacramento, with a strong record of effective work across political branches. We provide our members with timely invitations to weigh in on policy proposals, training to build relationships with legislative and agency staff, and support for working with allies in different sectors for the same impact.

Our History

Since 2012, CABC has convened hundreds of asset building practitioners across the state to learn from each other and collaborate to support the people that our economy has allowed to be excluded, marginalized, and preyed upon. Our annual statewide events, online training, and regional meetings attract leaders from all sectors of the asset building movement. They include stewards of family savings programs for children, higher education, and retirement; counselors that lead one-on-one and small group financial coaching sessions; small business technical assistance providers, affordable housing and community development experts; policy advocates that work for local, state, and national economic reform; criminal justice advocates working to end burdensome and unnecessary fines and fees like money bail; immigrant rights advocates; economic scholars; youth and racial justice leaders; child support reformers; employment providers for people exiting incarceration, and many more.

CABC also provides state policy analysis and advocacy coordination, so that members in every corner of the state know how to work with state officials to effect the changes their communities need. We are respected in Sacramento, with a strong record of effective work across political branches. We provide our members with timely invitations to weigh in on policy proposals, training to build relationships with legislative and agency staff, and support for working with allies in different sectors for the same impact.

Finally, we are a trusted resource for philanthropic leaders, providing research and education to community and statewide foundations and funder networks, frequently collaborating on statewide events and programmatic priorities.