The Personal Investment Enterprise's (PIE) mission is to provide tools that empower low-income individuals and families to save and build assets to strengthen their economic stability. PIE is independently managed by Foothills United Way as the fiscal agent and Boulder County Community Action Program as the program coordinator. Asset building is an emerging and promising approach to alleviating poverty and promoting self-sufficiency for families throughout the United States.
PIE Program participants open Individual Development Accounts (IDAs), which are matched savings accounts, designed to help working low-income families and individuals save money exclusively for the home ownership, post-secondary education, and small business capitalization program. PIE is the only IDA program in Boulder and Broomfield Counties and one of only three in Colorado.
The program provides a maximum match of $4,000 towards the asset purchase of each program participant. Participants in the program must save in the IDA/PIE Program for at least 6 months and may stay up to 30 months. During that time participants save a minimum of $33 per month, which must come from earned income. The savings are matched 4:1 up to $1,000 (with a $4,000 match). Participants also attend a series of 4 financial literacy classes and then an asset specific class related to their purchase goal.
For more information about the Personal Investment Enterprise program contact:
Rosemary Thompson, PIE Program Director
Kelli Kanemoto at Foothills United Way
(303) 444-4013, x104
Nino Gallo at Community Action Programs