Impact-IDA Savings | Opportunity Fund

Social Impact

IDA Savings

Our results to date:

In 2007, Opportunity Fund released a joint study with the Silicon Valley Community Foundation that
tracked our IDA clients two years after they graduated from our savings program. The results were impressive.

Of those surveyed, 75% of program graduates continue to save today — saving an average of 10%
of their annual income.

Equally exciting, 70% of those savers had opened savings accounts for their children, pointing towards
a generational change in financial knowledge.

The study also found:

Entrepreneurship
80% of graduates who saved for a microenterprise still own their business or sold it for a profit.

Home Ownership
100% of graduates who purchased a home still owned the home.

Education
95% of graduates who saved for education have completed or are working towards completion of a degree.

Download IDA Program social impact highlights here.

Meet Vicci, IDA Graduate

Special Report: Longitudinal Study on IDA Savings

The Silicon Valley Community Foundation is pleased to announce the results of our two-year longitudinal study of graduates from the nation’s largest regional IDA program, Assets for All Alliance, operated by Opportunity Fund. In a nutshell, the program’s successful graduates have retained their assets and their healthy financial habits for at least two years after completing the program. They are still in their homes, they continue to save, some have made other investments and many are teaching their children these same good practices.