Tag Archives: Volunteers for Prosperity

12.13.08
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Emerging: Financial Services Corps

Recognizing the broad need for financial education among low and middle income earners, the New America Foundation proposes a Financial Services Corps.

Proposed in March, the New America Foundation‘s Melissa Koide published a policy paper describing the need for a new domestic corps of financial advisors and educators to help regular families sort through the morass of complex issues involved in personal financial management.

According to Koide’s proposal:

The creation of a Financial Services Corps (FSC) would help these households address their personal finances and plan for their future by:

  • enlisting financial experts and advisors to deliver personalized financial counseling and planning to low to middle income households;
  • providing the tools, resources, support to local, regional, and workplace based initiatives to ensure these families are effectively reached;
  • collecting and analyze data to understand the short-, medium-, and long-term financial education, counseling, and planning needs of these households; and
  • exploring new strategies and approaches to financial education and advice through an innovations fund.

The Corps could be modeled after the Legal Services Corporation — the Congressionally-mandated entity that oversees legal aid organizations. In that model, “the FSC would provide the infrastructure, resources, and support to engage and connect financial experts with low and middle income households and communities.”

In a New York Times piece today, M.P. Dunleavy reports that the Corps was inspired by Peace Corps.

If the concept interests you, or someone you know, also check out the separate Financial Services Volunteer Corps (established in 1990). The program sends skilled volunteers overseas for one or two weeks to educate people in “emerging market countries” about financial systems. The program is a partner of Volunteers for Prosperity.

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12.11.08
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Brookings calls for More Peace Corps

Coalition on international volunteering calls for support of the More Peace Corps petition.

bbc

The Building Bridges Coalition — a project of the Brookings Initiative on International Volunteering and Service —asks today that all U.S. citizens “who believe that Peace Corps is an important part of our outreach to the world” sign the petition urging President-Elect Barack Obama to double the number of Volunteers serving through Peace Corps, as well as to support Peace Corps in specific ways.

The petition will be presented to Obama in a little over a week. Sign it here.

According to National Peace Corps Association (NPCA) President Kevin Quigley:

More Peace Corps means having the resources to respond to the more than 20 countries  that have requested programs for which Peace Corps has insufficient funds. It also means having the resources to give the many highly qualified Americans who would like to serve overseas the chance to do so.

More Peace Corps does not mean a simple expansion of the numbers of Peace Corps volunteers, although that is part of it.

More Peace Corps may mean revising the Peace Corps model in ways to take better advantage of the significant technological and demographic changes that have occurred in the 46 years since Peace Corps was launched.

More Peace Corps will consider how to make Peace Corps so much more
effective at addressing the problems of poverty. This will probably require
significant innovation and some risk.

The Building Bridges Coalition works to double the number of volunteers serving internationally by 2010 and includes groups such as Idealist.org and the NPCA (the independent group of Returned Peace Corps Volunteers).

One of the Coalition’s policy recommendations is to double the number of Peace Corps Volunteers, something President-Elect Obama also included in his pre-election stance on service. (Their other policy recommendations include the Global Service Fellowship and permanent authorization of Volunteers for Prosperity.)

To learn more, check out the More Peace Corps website, and read Ten Times the Peace Corps, a paper by Quigley and Brooking’s Lex Rieffel.

To sign the petition, go here!

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09.11.08
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Kennedy-Hatch Serve America Act

Update, April 21, 2009: President Obama signs the Serve America Act into law. To take effect October 1, 2009.

Friday, Sept. 12, Senators Ted Kennedy (D-MA) and Orrin Hatch (R-UT) introduced new legislation called the “Serve Amerca Act” to expand national and community service opportunities. After the bill was introduced in the Senate, it was referred to the Senate’s Health, Education, Labor and Pensions (HELP) Committee.

The legislation will seek to expand the number of national service participants to 250,000 (175,000 more than can be currently funded).

Themes include expanding opportunities for people to serve at every stage of life, and to use service to meet specific national challenges like natural disaster preparedness and response, high school drop out prevention, energy conservation and environmental stewardship, and health care and more jobs access for people with low-incomes. It includes the creation of a reserve corps of national service alumni who can be mobilized in the wake of a natural disaster.

The act seeks specific opportunities to serve for students, working adults, retirees, and “Americans of all ages.” A new benefit for older participants would be an education award transferable to grandchildren. Currently AmeriCorps members must use their Eli Segal Education Award on their own tuition or student loans.

The bill, if passed, would support social entrepreneurship through establishing a commission to look at cross-sector solutions to social problems, and to apply effective business practices in the nonprofit sector by establishing venture capital funds to increase its talent pool and efficacy.

Finally, the bill seeks to expand Volunteers for Prosperity, which fosters short-term international volunteer opportunities for United States professionals to serve in developing countries.

(The information here is a summary of a press release from Senator Kennedy‘s and Senator Hatch‘s offices.)

Update from the Service Nation Summit, Sept. 12, 2008:

Orrin Hatch officially announced the new Serve America Act bill this morning at the Service Nation Summit and spoke touchingly of his work with Ted Kennedy “across the aisle.” The senators have worked together for a long time and Hatch’s affection for his friend was obvious and endearing. (Senator Kennedy was convalescing at home.)

In a statement that drew enthusiastic applause, Hatch announced that both Senators McCain and Obama have signed on to co-sponsor the legislation! Other co-sponsors include Senator Hillary Clinton (D-NY), RPCV Senator Chris Dodd (D-CT), Senator Thad Cochran (R-MS), and Senator Gordon Smith (R-OR). To the bi-partisan crowd gathered for the Summit, all supporters of national service, the support of both Presidential candidates means a lot. Hopes are high for national service and the next administration.

In an interview with Hatch after his speech, he addressed a question about the cost to government of national service. The bill, he said, “should please those who are concerned about cost.” He cited the relatively low cost of supporting trained volunteers compared to the cost of allowing high schoolers to drop out, and ignoring young people who have lost their role models to prison and worse fates. Further, according to Hatch, elevating these youth, educating them, and connecting them with job skills will serve the economy well, as will the creation of jobs, including in the energy industry.

Read the Press Release.

Read the executive summary of S.3487, The Serve America Act.

Read the entire bill (PDF) written by Emma Vadehra.

Read the opinion piece by Senators Kennedy and Hatch in TIME Magazine.