California Partners With Philanthropy to Boost Guaranteed Income Pilot Program

  • California earlier this year announced the nation’s first federally funded guaranteed income pilot program

  • 1,975 Californians receive between $600 and $1,200 per month for 12 to 18 months

SACRAMENTO – Gov. Gavin Newsom today announced the launch of the Guaranteed Income Pooled Fund, a philanthropic endeavor designed to help organizations fund their Guaranteed Income pilot programs by helping pilot projects unlock more than $25 million in government grants.

“As people across the country grapple with global inflation, this guaranteed-income pilot program provides much-needed support and breathing space for California’s most vulnerable,” Gov. Newsom said. “This public-private partnership will accelerate our ability to send money to these individuals and families and demonstrates how Californians come together to support one another.”

How it works:

The Pooled Fund will support select government-funded Guaranteed Income Pilots that need additional resources to start, sustain or enhance their pilot. The pilot projects will provide between $600 and $1,200 a month for 12 to 18 months to more than 1,975 Californians—mostly former foster children and pregnant women.

  • Contribution to required Matched Funding: To receive government funding, pilot award winners must meet 50% or more of government funding. The Pooled Fund announced today will support the pilot projects with this requirement.

  • Promote Geographical Justice: The award winners come from across the state, including rural and tribal communities that are underfunded. The Pooled Fund distributes grants to award winners in these areas to ensure shared access to additional resources.

  • Enabling further pilot learning: The award winners have the opportunity to learn both formal and informal learning through the implementation of these pilot projects. The Pooled Fund will seek to bolster these opportunities, perhaps through direct assessment support, increasing pilot scale, or funding deeper integration of community expertise.

Philanthropic investment is key to the success of the Guaranteed Income Pilots, ensuring recipients do not risk losing family-sustaining public benefits.

Pooled Fund contributors include: Sierra Health Foundation, Silicon Valley Community Foundation, California Wellness Foundation, Blue Shield of California Foundation, May and Stanley Smith Charitable Trust and the Weingart Foundation, with additional contributions expected.

What you say:

“Income security is essential to health and well-being. We are proud to participate in the Guaranteed Income Pooled Fund as it leverages the state’s historic investment to investigate how unconditional, unrestricted cash can improve the lives and pathways of Californians most in need,” said Lori Cox, Vice President of Programs the California Wellness Foundation. “And we look forward to selected pilots who make a strong contribution to the public policy debate.”

“Investing in the Pooled Fund aligns naturally with our work to advocate for equitable policies and sustainable income strategies for low-income communities of color,” said Manuel Santamaria, vice president of community action at the Silicon Valley Community Foundation. “We are proud to join our fellow foundations in investing in this opportunity and amplifying the collective impact of philanthropic resources on these important pilot programs.”

Asma Day, economic security and mobility program manager at the Blue Shield of California Foundation, added, “When families have the resources they need to meet their basic needs and achieve their dreams and aspirations for their future, they can lead a healthy life, dignified life. The Guaranteed Income Pooled Fund offers us an opportunity to invest in a unique nationwide initiative that creates a path to economic security and ultimately leads to greater health equity and well-being in the communities that need it most.”

“We are proud to support the government’s Guaranteed Income Pooled Funds Pilot and continue to invest in innovative and transformative programs that can transform lives. With justice at the heart of the GI Pilot’s design, we look forward to deepening our understanding and learning about Guaranteed Income initiatives and contributing to California’s history of public policy leadership,” said Miguel A. Santana, President and CEO the Weingart Foundation.

More information about the pool fund:

An advisory board including members from the Asset Funders Network, Mayors for a Guaranteed Income, the Economic Security Project and Social Finance will review, select recipients and award grants for all grant applications from interested grantees of the government-sponsored Guaranteed Income pilot project. Social Finance, a national impact finance and consulting nonprofit, will manage the fund’s operations.

The Pooled Fund partners expect to host an upcoming donor briefing to provide the philanthropic community with more information on this and other ways to support guaranteed income initiatives in the state.


Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button