As there is limited government funding allocated toward child care subsidies for Charlotte each year, there is a perpetual waiting list – 1,567 children as of 8-2-18. Hence, parents who need to work aren’t securing employment, parents who need to attend school aren’t completing their degrees and children who need child care aren’t learning at an optimal level during the critical early developmental years.
Family Impact Fund is providing access for economically disadvantaged children (birth – pre-k) to experience high-quality (4 and 5 star-rated facilities), full-day/year-round education and child care which will positively impact their school readiness. This allows their parents to work full-time, advance in their jobs and/or continue their education.
In addition, when parents are offered a salary increase which places them over the maximum income eligibility level (the “benefits cliff”) of the Federal Child Care Subsidy Program, they are forced to make a choice: Is the smallest salary increase over 200% Federal Poverty Level worth the loss of the subsidy for high-quality child care – such that a $0.25/hour ($43/month) raise will increase their child care cost from $400 to $800 for one child per month and from $400 to $1,600 for two children per month. Our board recognizes this dilemma and is committed to continue funding child care costs for families going over this benefits cliff – between 200% Federal Poverty Level and 100% State Median Income, on a sliding income scale. This provides a path for families toward sustainable self-sufficiency in order to realize upward economic mobility.
Family Impact Fund is collaborating with the well-established, highly respected Child Care Resources, Inc.(CCRI) to administer our program. CCRI is identifying children from low-income families on the Federal Child Care Subsidy Program’s waiting list and/or families that have or are approaching the maximum income level due to a salary increase.
According to esteemed researcher, James J. Heckman, “high-quality, birth-to-five early childhood programs for disadvantaged children yields a 13% return on investment per child”, which directly translates to improved education, economic, health, and social outcomes. Family Impact Fund needs your generous support to decrease both the “achievement gap” for economically disadvantaged children and the “opportunity gap” for their parents. Together, we can impact the most vulnerable in our community and transform their lives forever!
Children who have a high quality early education and child care are more likely to:
- be less stressed
- be ready for kindergarten
- be proficient readers in 3rd grade;
- graduate from high school and be college or career ready
- be independent of public assistance
- be healthier
- avoid incarceration
Parents who have full-time jobs are better able to:
- be less stressed
- have more job security
- experience financial sustainability
- have more potential for a job promotion
- have more income to apply toward housing
Research supports that every dollar spent on high-quality early learning programs for low-income children delivers a 13% annual return on investment (ROI), reaping lifelong benefits for children, parents, families AND our community.