Why Participate?
More than 95% of the donations received go directly to IDA program participants to help them launch new businesses, purchase first homes, and advance their education. IDA programs will play an important role in our state's economic recovery.
IDAs are a proven, effective tool for building hope and stability. In the 2008 calendar year, NP raised $4.5 million in donations for this program through the IDA 75% Oregon Tax Credit. The funds create a pool of match funding for participants that complete financial education and asset specific training. Every dollar they save toward their goal is matched by three dollars of tax credit funds. Thanks to the Oregon IDA Initiative's strong network of community partners and the resources provided through the IDA Tax Credit, more that 1,100 individuals throughout Oregon have met their savings goals and purchased their asset! See who provides IDAs in your county!
IDAs build long-term life skills. According to research conducted by Portland State University's Regional Research Institute, 12 months after purchasing their asset 59% of participants often use a budget to monitor their expenses and 41% are regularly making deposits to their savings. See the full report.
