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OverviewInforma/onabouttheOklahomaNa/veAssetsCoali/on(ONAC)andUpdatesfromthePastYear
PreparedbyChristyFinsel
ONACExecu/veDirectorJune5,2018
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WhatistheOklahomaNa/veAssetsCoali/on(ONAC)?
ONACisaNa)ve-lednonprofitassetbuildingcoali)onthatworkswithtribesandpartnersinterestedinestablishingasset-buildingini)a)vesandprogramsinNa)vecommuni)es.
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WhenWeTalkAboutAssets,WhatDoWeMean?
• Na)vecommuni)esmaythinkaboutassetsbroadly.Assetsarenotjustmoney.Assetscanbethoughtofaswhatwevalue-kinship,family,naturalresources,community,language,sovereignty,spirituality,educa)on,etc.
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Na/veAssetBuildingwithONACCons/tuents
• Webelievethattribeshavebeenbuildingassetsforgenera)ons.Thisisnotnewtous.
• WhatisnewtosomeNa)vecommuni)esistheinforma)onaboutmainstreamassetbuildingprogramsandhowtodesigncustomizedprogramsthatmeettheneedsofourtribalci)zens.
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WhenWeMen/onNa/veAssetBuildingProgramsInOklahoma,WhatAreWeTalkingAbout?
• Na)vefinancialeduca)onprograms
• VoluntaryIncomeTaxAssistance• Creditbuilderprograms• Na)vesmallbusinessresources
• Homeownershipassistanceprograms• Children’sSavingsAccountprograms• Na)veIndividualDevelopmentAccountprograms
• Familyemergencysavingsaccounts
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WhatAreSomeofthePurposesofAssetBuilding
Programs?
• Assetbuildingprogramscanhelpindividuals,families,andcommuni)esto:– Plugtheirleakingeconomies
– Increasetheirfinancialliteracy– Passalongintergenera)onalassetssuchasland– Changesavingshabits– Thinkabouttheirfuturedifferently
Con)nued,nextslide
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WhatAreSomeofthePurposesofAssetBuilding
Programs?
– Purchaseassetssuchashomes,post-secondaryeduca)on,danceregalia,etc.
– Repairandbuildcredit– Holdlandincommon
– Teachtribalhistory,values,andlanguage,etc.
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ONACVision
• Na)vefamilieswillhavemul)pleopportuni)estogrowtheirassets,throughpar)cipa)oninintegratedandculturally-relevantNa)veassetbuildingprograms.Withthisvision,ONAC,asastatewideNa)veassetbuildingcoali)on,workstoincreasethenumbersofNa)veassetbuildingprograms.
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ONAC’sInvolvementwithNa/veAssetBuildingin
OklahomaWhatONACProvidesCons)tuents:• Assetbuildingresources,models,andstrategies
• AnOklahomaNa)veAssetsCoali)onConferencetobeheldannually
• Aforumtotalkaboutanytribal,local,state,orfederalassetbuildingpolicies
• Opportuni)estoconnecttoNa)veandnon-Na)veassetbuildingprac))onersinOklahomaandaroundthecountry,forpartnership
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WhatONACProvidesCons/tuents:
• OutreachtoOklahomatriballeaders,tribalgovernmentprograms,andotherOklahoma-basedNa)veorganiza)ons/businessestoprovideinforma)onaboutassetbuilding
• Trainingandfreetechnicalassistanceforthosewan)ngtodesignandimplementassetbuildingprograms
• Mini-grantsforNa)veassetbuildingprojects
• CSApartnershipstofundCSAsforNa)veyouth 10
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WhatONACProvidesCons/tuents:
• Sharinginforma)onaboutONAC-fundedassetbuildingprojects,aswellasli]ingupotherNa)veassetbuildingeffortsinthestate;suchas:Na)veVoluntaryIncomeTaxAssistanceeffortsinOklahoma;thecompletedBuderCenterforAmericanIndianStudiespilotCSA,wheretheyfunded34savingsaccountsandprovidedabankingpresenta)onto55otherstudents;earlierupdatesfromtheChoctawCABprogram,ortherecentMvskokeLoanFundBusinessBootCamps.
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HistoryofONAC
• 2001,ini)almee)ngabouttheforma)onofaNa)veassetbuildingcoali)oninOK(CenterforSocialDevelopment,CSD,andFNDI)
• 2001-2006coali)onbuildingsupportedbyCSDandFNDI
• 2006-2014,aprojectunderFNDI• 2007-agreedtomoveaformalcoali)onforward
• 2014,nonprofit.OklahomaNa)veAssetsCoali)on 12
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ONACLeadership
• We have one paid consultant, Christy Finsel (Enrolled Tribal Member of the Osage Nation of Oklahoma), who directs ONAC (started in September 2011).
• We also have a volunteer ONAC Advisory Committee and Board
• ONAC welcomes your expertise and participation.
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ONACAdvisoryCommiYee
• ChristyEstes,ChickasawNa)on• EdShaw,OsageFinancialResources,Inc.• TahomaSimmons,FlintlockDevelopment• ShaySmith,SmallBusinessAssistanceCenter,CherokeeNa)on
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ONACBoard
– AnnaKnight,CherokeeNa)onofOklahoma
– DawnHex,ChoctawNa)on– MaryElizabethRickees,Osage,Re)red– TerryMasonMoore,GeneralCounsel,OsageNa)onOfficeoftheChiefs
– CynthiaLogsdon,Ci)zenPotawatomiCDC– ChristyFinsel,ONACExecu)veDirector
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ONAC’sTargetCons/tuents:
• TribesinOklahomaandtheirci)zens• Tribalgovernmentprogramdirectorsandstaff
• Na)venonprofits• Asset-buildingprac))oners• Local,county,stateandfederalprogramsthatservethetribesofOklahoma
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ONAC’s3Programs
• Na)veassetbuilderprofessionaldevelopmentandprogrambuilder(conference,peerlearningandnetworkingopportuni)es,freeTA)
• ONACfundingmini-grantprojects,since2014,21projects,$70,000awarded
• Children’sSavingsAccounts-526accountsfunded,@167moreaccountsbyApril2019.
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WorkHighlights
• Weareworkingwith19partnersinthestatethroughourCSAProgram.
• Amap,withONACCSApartnersandmini-grantees,isinyourconferencefolder.
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• ONACprovides$100.00foreachaccountaswellasapiggybank,cer)ficatecelebra)ngtheaccount,andNa)ve-specificfinancialeduca)onmaterials.
• Theaccountsmaybeopenedthrougha529plan(Oklahomaorelsewhere).
• Ourexperienceindicatesthatopt-in,parent-ownedCSAswork.
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MakingtheCaseforNa/veCSAs
• AccordingtotheAmericanIndianCollegeFund,“only14%ofAmericanIndianshaveacollegedegree-lessthanhalfthena)onalaverage.”*
• Anecdotally,ONAChasheardfromotherNa)vecolleaguesinOklahomathattherearescholarshipfundsavailablethatarenotappliedfor,eventhoughNa)veyouthareeligibleapplicants.
• CSAscanhelpcreateapipelineforNa)veyouthtocollegebyhelpingtheyouthtothinkposi)velyabouttheirfutureandtheircollegeplans.
*OurPurpose,AmericanIndianCollegeFund,accessedFebruary27,2018,athep://collegefund.org/ourwork/.
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andFinancialAid
• Fromresearchconductedtodate,parent-owned529accountshavetheleastnega)vefinancialaidimplica)onsforNa)veyouthinaCSAprogram,fromfamiliesofvariousincomelevels.
• ThankyoutoJudithVoeller,AssociateDirectorofGrants,Research,andSpecialProjects,andMendySchmerer,AssistantDirector,OfficeofStudentFinancialAidattheUniversityofOklahomaHealthSciencesCenter.
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ONACModelforCSAAccountManagementandPersonnel
• ONACfundraisesfortheaccounts,preparestheaccountmaterialsandprintsthemfortheevents,assistswithaccountopeningeventsandwalkstheparentsthroughtheapplica)ons,writesacheckperaccount,andsendscheckswithcoverleeerto529plan.
• ONAChascapacitytoalsodirectlyopenaccountswithNa)vefamilies.
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ONACAdministra/onResponsibili/es
• Specifically,ONAChasgeneratedtheNa)ve-specificfinancialeduca)onbooklets,accountopeningforms,FAQs,andcer)ficatescelebra)ngaccounts.ONACordersthepiggybanksandpurchasestheartsuppliesandorganicseeds(andpackagestheseeds).
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ONACPartners-Personnel
• Workingwith19partnerstoopentheaccounts.ONACprovidesTAtothem,asneeded,toacquaintthemwithCSAsand529plans.HaveMOUtemplatesforourpartners.
• Fornow,ONACisnolongermakingmini-grantstothepartners.Needflexibilitytoadjustaccountalloca)onsperpartnerasthingscanchangewiththeirabilitytoopenthenumbersofaccountstheyini)allyrequested.
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ONACPartners-Personnel
• Partnersrecruitpar)cipants,hostanaccountopeningevent(some)meswithsnacksorameal),andsome)meshelpparentswithcomple)ngthenecessaryforms.At)mes,theymailONACthecompletedaccountapplica)ons.
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ProgramInnova/ons:Culturally-RelevantCSAs
• Na)veartscomponent-buildingfromNa)veassetbuildingframeworkinfinancialeduca)onbooklet,envisionassetsofimportancetoyouanddrawthem,displayartwork,calendarsshowcasingbuildingassetsthroughouttheyear
• Na)vefoodcul)va)on-organicseedsandgardeninginstruc)ons
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AccountData
• 461accountsopenedthroughtheOklahoma529CollegeSavingsPlan
• 10accountsopenedthroughMOST-Missouri’s529CollegeSavingsPlan
• 35accountsopenedatfinancialins)tu)ons• 20accountsfundedbytheKawNa)on,withONACmini-grant
funds,foreitherabankaccountortheOklahoma529CollegeSavingsPlan
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AccountDataCon/nued
• 524accountsforAmericanIndianyouthandtwofornon-Na)veyouthservedbyatribalprogram.
• 84%ofaccountholdersliveat200%,orbelow,thefederalpovertylevel.
• Over99%ofouraccountbeneficiariesresideinruralOklahoma.Currently,lessthan1%oftheaccountownersresideinNorman,OklahomaCity,andTulsa.
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WorkHighlights
• ONACpresentedaboutCSAsattheWorldIndigenousPeoplesConferenceonEduca)on(WIPCE)inJuly2017;andtheClosingtheWomen’sWealthGapEquitySummitinApril2018;andwiththe1:1FundinMay2018.
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WorkHighlights
• TheOsageNa)onFounda)onawarded$2,500for25moreCSAsforOsageyouth.Completedfirstgrant,for25accounts,in2017.
• Joined1:1Fund.• January‘18,MyFreeTaxes.comlinkonONACwebsiteplusOKVITAandtax)psforNa)veAmericans.
• TheW.K.KelloggFounda)onawardedafourthyearoffundingtoONAC,$75,000.
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WorkHighlights
• ONACisworkingwiththeNa)veViolenceAgainstViolence,ModocTribeofOklahomaandtheModocHousingAuthority,andtheHousingAuthorityofthePeoriaTribeofIndiansofOklahomaastheyimplementtheirmini-grantprojects.
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FromJuly2017toPresent
• KawNa)onfunded20CSAs,HousingAuthorityoftheSeminoleNa)onofOklahomaopened25emergencysavingsaccounts,RanchGoodDaysopened2CSAs,theAbsenteeShawneeHousingAuthorityfunded10emergencysavingsaccounts,theMvskokeLoanFundprovideda“SpendingFrenzy”simula)onfor35Na)veyouthandfundedemergencysavingsaccountsfor20Na)veyouth. 32
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WorkHighlights
• InMay‘18,awardedfivemoremini-grants.AwardstotheCherokeeNa)onCommerceServices,AIRC,Inc.,EasternShawneeTribeofOklahoma,theHousingAuthorityofthePeoriaTribeofIndiansinOklahoma,andtheAbsenteeShawneeHousingAuthoritytofundanes)mated120moreemergencysavingsaccountsforNa)vefamilies.
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WeWelcomeYourInvolvement
• Joinourlistserv• Opportuni)esforONACandcons)tuentstospeakatlocalandstatewideevents
• ONACmembership,dona)ons,sponsorships,endowment
• Assistwithnetworking/peerlearning.Wewillshareinforma)onaboutyourupcomingassetbuildingevents.
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UpcomingEvent
• WithsupportofChoctawAssetBuildingandBank2,ONACisco-hos)ngaBuildingNa)veCommuni)es(BNC)train-the-trainerinOklahomainOctober2018
• Na)ve-specificfinancialeduca)ontraining• Moreinforma)ontofollow
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UpcomingCSAFundraisingOpportunity
• 1:1Fundcampaign,June18-22,2018• 1:1FundwillmatcheveryONACCSAdona)on,dollarfordollar,upto$500perdona)on
• Handoutinyourconferencefolderwiththelink
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SocialMedia
• NowonFacebook• Please“like”usonFacebookathep://www.facebook.com/okna)veassets/.
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ForFurtherInforma/onAboutONAC
• PleasecontactChristyFinsel,ONACExecu)veDirector,atcfinsel@okna)veassets.orgorat(405)401-7873.
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