Annual report 2021

AFN's 2021 Annual Report gives a high level review of our work last year, including some snapshots into the place-based initiatives in our regions. Across our regions, AFN is working with grantmakers on collaborative efforts to advance equitable wealth building and economic mobility.

One example the Annual Report highlights is the Bay Area Small Business Vulnerability Mapping Project. Last year, Bay Area AFN worked with the Urban Displacement Project to develop an online mapping tool highlighting vulnerable businesses owned by people of color. The multistage process also explores the feasibility of a permanent infrastructure for collecting data, monitoring business health, and recommending policies.



Strengthening the Economic Foundation for Youth and Young Adults During COVID & Beyond

The unemployment rate for young workers ages 16–24 jumped from 8.4% to 24.4% from spring 2019 to spring 2020 in the United States, representing four million youth. While unemployment for their counterparts ages 25 and older rose from 2.8% to 11.3% the Spring 2020 unemployment rates were even higher for young Black, Hispanic, and Asian American/Pacific Islander (AAPI) workers (29.6%, 27.5%, and 29.7%, respectively. 

The following speakers discuss how to build financial security for youth (16-24) in this webinar: Monique Miles, Aspen Institute, Forum for Community Solutions, Margaret Libby, My Path, Amadeos Oyagata, Youth Leader, and Don Baylor, The Annie E. Casey Foundation (moderator).



Achieving Financial Resilience in the Face of Financial Setbacks

Financial shocks like these happen to financially vulnerable families every day. Such shocks destabilize household finances and can create hardships that threaten overall well-being. Having tools to manage financial emergencies is critical for people’s long-run financial security.

The Asset Funders Network (AFN) developed this primer to inform community-based strategies that can help economically-vulnerable families to better manage financial setbacks, shortfalls, and shocks. The goal of this brief is to provide a common understanding and language for funders and financial capability programs as part of a financial emergency toolkit.