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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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