United Way of Greater Philadelphia and Southern New Jersey (UWGPSNJ) announced a $14.1 million-dollar investment from its Impact Fund to fight intergenerational poverty throughout the region. UWGPSNJ's investments and partnerships with nonprofits will tackle three specific goals by the year 2030: more children reading on grade level by the end of third grade; more youth ages 15-25 reconnected to school or work; and more individuals and families living above 200 percent of the federal poverty line.
These investments are comprised of $12.1 million in Core Regional Impact Grants (general operating support and signature program funding), $1 million in Innovation Funding to scale evidence-based poverty interventions, and $1 million for the support of Local Supplemental grants to ensure continuity of service in local communities and Rapid Response grants for disaster preparedness and response. Innovation, Local Supplemental, and Rapid Response grants will be invested in the coming months.
"Poverty is the most pressing issue of our time in this region. By aligning our investments around a central cause to end intergenerational poverty, we will drive deeper impact into the evidence-based solutions and interventions where our United Way can make the biggest difference: early learning, career pathways and pipelines, and economic self-sufficiency," said Bill Golderer, president and CEO of UWGPSNJ.