So far, the Save Up program has served more than 570 participants who have created more than $6 million in assets purchases!
©2012 Rise | All Rights Reserved
A poem inspired the name.
Responsibility, Initiative, Solutions and Empowerment gave it meaning.
....Just like the moons and like suns,
With the certainty of tides,
Just like the hopes springing high,
Still I rise.
Begun in October, 1999, RISE was the brainchild of the Community Foundation of Greater Memphis, the Memphis Housing Authority and the United Way of the Mid-South. Born to help Memphis public housing residents achieve financial self-sufficiency, thereby making the city a healthier place, RISE is about raising expectations.
Above poverty, bankruptcy and foreclosure.
Above unemployment, crime and self-destruction.
Above depression, anger and apathy.
Through strategies we've pioneered and continue to refine, RISE has developed unique expertise in helping entry-level wage earners to budget, save and accumulate assets. Our work has led to a deep understanding of the larger community issues that are working against families in Memphis and Shelby County
When the steady diet is despair, serving up a little homemade hope is pretty nourishing.
In the first year, on a budget of $22,000, RISE served 48 public housing families and helped those families create assets of $83,000. Each family started our Save Up program with less than $200. By 2011, the number of families served has grown to over 437, and RISE has helped them create more than $5.7 million in assets.
We call our participants Risers, and because of what we’ve accomplished together, things are looking up.
Encouraging academic success and rewarding achievement. RISE is teaching students in schools with the highest concentration of low-income families how to set and achieve their goals in school and life, and then providing incentives to reach those goals. And we’re doing the same thing for their families in the communities where they live and work.
Raising productivity and lowering absenteeism. Since its inception in 2004, more than 1600 employees from over 55 companies have successfully completed our workplace curriculum in financial literacy, Common Cents.
Teaching Risers the value of saving. Our participants had an average of $79.63 in savings before entering our financial literacy classes. After purchasing their assets, the average savings per individual is $1,000.
Raising credit scores and self-worth. On average, the credit scores of Risers have climbed from 562 to 627. And, as further proof that financial education works, no Riser has reported using rapid refund anticipation loans after completing our financial classes.
We’re growing. And so are our city’s chances.
Contact RISE, and help us lift someone up. As an operating foundation and a 501(c)3 public charity, your investment in RISE is tax-deductible.