Money. It’s a concern – earning it, knowing how to budget and using it to build the life you want.
Opportunity Passport™ is a financial literacy and matched savings program. It’s designed for young adults, ages 14 to 26 (up to your 26th birthday), who have experienced foster care. If that’s you, Opportunity Passport™ is a great way to increase your money IQ and help you save for your future.
Financial Literacy If you’re financially capable, you can manage the day-to-day aspects of money, plan for the future, and get through life’s unexpected events. It also means you know where, and how, to find appropriate financial advice. With Opportunity Passport™ you’ll learn how to get, manage and use money now and in the future so you can have the life you envision for yourself..
Matched Savings Program What’s on your wish list? College? A car? Your own apartment? You need a savings strategy to achieve any of these. That’s Opportunity Passport™. It helps you save and even contributes to your savings account when you follow through on the money strategies that Opportunity Passport™ shares with you.
Aging Out of Foster care is a Reality!
When young people age out of foster care if they are not enrolled in school they loose their independent living funding such as, medical insurance, housing voucher and for some the case management or the support of a foster parent. Young people often face homelessness, early-pregnancy, low educational achievements.
Through the Opportunity Passport™, program we provide young people transitioning from foster care to adulthood with a matched savings to purchase specified assets such as a car, safe and stable housing, a computer for college, bank account and financial education.
When young people purchase an asset with the Opportunity Passport™, their chances of having a full-time job more than double. And research shows that young people who have assets at age 23 have better outcomes in employment, marriage, and health.