Last week, The Community Foundation hosted a panel of national leaders in the guaranteed income movement for a discussion about how philanthropy is working to increase economic mobility by launching and investing in guaranteed income programs. The event was the first of the “In Pursuit of Economic Justice” Webinar Series – designed to bring together experts to explore innovative approaches to closing the racial wealth gap.
“Part of our 10-year strategic vision to close the racial wealth gap is to invest in innovative solutions that can move beyond providing economic stability to promoting economic mobility and eventual prosperity for communities of color,” President & CEO Tonia Wellons shared. “The guaranteed income movement is one of those.”
“Guaranteed income is designed to allow those who are economically disadvantaged to be the arbiters of their own financial lives,” Natalie Foster, President & Founder of the Economic Security Project shared. “It’s based on the premise that as we provide people with regular cash payments – with no strings attached – that they can live with dignity and make the choices they need to prosper.”
Foster has been with the guaranteed income movement since one of the first pilot programs launched in Stockton, CA in 2017. Six years later, the movement has grown to encompass more than 100 pilots across the country – including four in the Greater Washington region: Let’s Go DMV! (DC), MoCo Boost (Montgomery County), Arlington’s Guarantee (Arlington), and ARISE (Alexandria).
The Community Foundation is a proud partner for several of these initiatives and plans to help launch a similar program in Prince George’s County in the coming months.
““The problem is not that these people aren’t working – the problem is that the economy is not working for them.””
Foster explained that one of the biggest challenges facing the growing movement lies in narrative building – specifically in addressing common misconceptions surrounding guaranteed income and the social safety net.
“Many in our society have a very harmful ideology that poverty is an individual failing,” Foster continued. “We know that is not true. For communities of color, we know it is a structural and systemic failure.”
“The problem is not that these people aren’t working – the problem is that the economy is not working for them.”
“For those of us with wealth, there are multitude of public subsidies – like tax deductions – that we can access with ‘no strings attached’,” added Geeta Pradhan, President of the Cambridge Community Foundation. “Yet for our low-income populations, we ask them to explain themselves, fill out forms, jump through hoops, and waste time that they don’t have – just to get the help they need.”
“The time has come for us to put aside these systemic inequities when it comes to our social safety net.”
Pradhan and the Cambridge Community Foundation joined the guaranteed income movement in 2021, when they partnered with Mayor’s for Guaranteed Income to launch Cambridge RISE. The project has been so successful that the Mayor’s Office of Cambridge, Massachusetts announced an additional $22 million in federal funding for the project last year – making it one of the largest programs in the country. The investment highlights what Foster says is an important step towards one of the long-term goals of the movement.
“The vision of the guaranteed income movement is not simply to launch pilots in certain parts of the country,” Foster explained. “The vision is that philanthropic dollars will serve as the R&D (Research & Development) and power building muscle to influence and enact policy.”
Foster highlighted the Child Tax Credit (CTC) and Expanded Income Tax Credit (EITC) as examples of existing policies that could be expanded upon – a measure that the DC Council chose to take this past year to establish a new monthly basic income program.
“I think you have a real opportunity,” Pradhan said, speaking directly to The Community Foundation’s donors. “Your community is already doing an amazing job in the guaranteed income space – and through those initiatives, we continue to learn more and more about how we can make our community stronger. As donors, your generosity is what helps us create change in our communities.”
“It’s not often you get the opportunity to have such a return on your investment,” Foster added. “Not only from a policy standpoint in the long-term – enacting long-awaited systemic change – but also in the short-term – providing tangible support that truly makes a difference for people in your community.”
Click here to view the full recording of In Pursuit of Economic Justice: A Primer on Guaranteed Income Programs. This event is the first of a series of conversations exploring innovative approaches to closing the racial gap.