Fund for Guaranteed Income

?? Exciting News from F4GI! ?? We are thrilled to announce the launch of the 2025 CalEITC4Me Calculator, a powerful tool to help low-income families access crucial tax credits like the Earned Income Tax Credit (EITC) and Child Tax Credit (CTC). In partnership with Golden State Opportunity (GSO), our revamped calculator will help families unlock up to $15,000 in cash benefits. With $7 billion in EITC benefits going unclaimed annually, this tool simplifies the process, ensuring families get the support they deserve. Key Features: ? Up to $20,000 in benefits for a family of four ? Anonymous & confidential ? Available in 13 languages ? New addition: Foster Youth Tax Credit for youth from the foster system Let’s make sure no one misses out on the assistance they deserve! ?? Start today: https://lnkd.in/gYzSVaBG #GuaranteedIncome #EITC #CTC #FosterYouth #EconomicEquity #TaxCredits #FinancialInclusion #F4GI

We're proud to have partnered with First 5 Sonoma County to deliver $500 monthly for 2 years to low-income families with young children through the Pathway to Income Equity program. As the program officially closes, we're reflecting on the real impact of guaranteed income on Sonoma families. Thank you to everyone involved for helping us give these families a hand-up!

Over 1500 incarcerated firefighters are on the frontlines of LA fires without the protections or wages afforded to their peers. Incarcerated firefighters earn $5.80 each day with an absolute max of $6.90 after bonuses for active emergencies. These brave frontline workers deserve an income, guaranteed. We made it easier to send money directly to each firefighter's commissary. Your contribution helps provide basic necessities like hygiene products, phone calls, and food. Bit.ly/FireFighterGI

A new study evaluates a cash transfer program operated by the Fund for Guaranteed Income, which uses PolicyEngine to assess benefit eligibility of participants. The study found that providing 24 monthly payments of $500 per household did not affect employment of full-time workers, but did reduce it among part-time workers by 13 percentage points. As a result, the transfers reduced monthly non-transfer income by an average of $333. Economists often emphasize that "income effects are welfare-enhancing"; that is, if people work less because they have more money, conventional economic theory would say they are better off. However, the extent to which people reduce their labor supply in response to transfers will affect the net cost of those transfers. For example, if parents work 2% less due to a Child Tax Credit expansion instead of 1% less, the US will collect less income tax revenue from them, making the expansion more costly. PolicyEngine captures these labor supply responses through a parameter called the "income elasticity" - how much labor supply falls per 1% increase in net income. The Congressional Budget Office estimates that this parameter is 0.05; that is, people work 0.05% less when their income (after taxes and transfers) rises 1%. PolicyEngine users can enter any elasticity they wish. This new Compton study's abstract did not report the income elasticity, and I couldn't find an ungated copy, but we will monitor these studies and others to help PolicyEngine users apply the most accurate behavioral responses in their simulations.

A new study evaluates a cash transfer program operated by the Fund for Guaranteed Income, which uses PolicyEngine to assess benefit eligibility of participants. The study found that providing 24 monthly payments of $500 per household did not affect employment of full-time workers, but did reduce it among part-time workers by 13 percentage points. As a result, the transfers reduced monthly non-transfer income by an average of $333. Economists often emphasize that "income effects are welfare-enhancing"; that is, if people work less because they have more money, conventional economic theory would say they are better off. However, the extent to which people reduce their labor supply in response to transfers will affect the net cost of those transfers. For example, if parents work 2% less due to a Child Tax Credit expansion instead of 1% less, the US will collect less income tax revenue from them, making the expansion more costly. PolicyEngine captures these labor supply responses through a parameter called the "income elasticity" - how much labor supply falls per 1% increase in net income. The Congressional Budget Office estimates that this parameter is 0.05; that is, people work 0.05% less when their income (after taxes and transfers) rises 1%. PolicyEngine users can enter any elasticity they wish. This new Compton study's abstract did not report the income elasticity, and I couldn't find an ungated copy, but we will monitor these studies and others to help PolicyEngine users apply the most accurate behavioral responses in their simulations.

Thank you to everyone who joined us in discussing the transformative potential of Guaranteed Income as a health intervention. It was an honor to share the stage with such incredible pioneers in the field. Our founder, Nika Soon-Shong, had the opportunity to highlight our HCV program and our ongoing efforts to make housing assistance more accessible. Ever wonder how individuals can receive housing assistance through Section 8? It’s a complex process, but we are committed to changing that. Learn more about our housing pledge and how we’re working to break down barriers at F4GI.org/housingpledge.

At the Fund for Guaranteed Income, we believe that access to safe, affordable housing is a fundamental human right. Our latest brief explores the Housing Choice Voucher Program (HCV), the largest housing initiative in the U.S. that supports millions of families each year. Did you know that fully funding HCV could reduce street homelessness by 75% and cut child poverty by a third? Yet, less than 1 in 10 eligible households currently receive the support they need. This brief outlines the challenges families face in accessing these vital vouchers, the impact of HCV on communities, and the urgent need for policy change. ?? Read our full brief here https://lnkd.in/gaEHbdaQ and join us in advocating for a future where every family has a stable home. Together, we can make a difference! #HousingChoiceVoucher #AffordableHousing

Thank you so much Rising Communities for having us, and allowing us to continue to shed light on the good work guaranteed income is doing for the mothers of South Los Angeles. ?? Listen to two of the Mothers Rising for Guaranteed Income recipient testimonials from this forum, at the link: https://lnkd.in/g-k3stV3

?? Huge thanks to The Patchwork Collective for their thoughtful article highlighting our work at The Fund For Guaranteed Income (F4GI)! ?? We’re proud to be recognized as "bureaucracy ninjas," focused on cutting through red tape to deliver cash and resources to low-income families across America. Our mission is more than just technology; it’s about building a new safety net that enables financial redistribution for a just society. With our founder Nika Soon-Shiong’s expertise and a commitment to community-driven solutions, we’re continually refining our approach to ensure that support reaches those who need it most. From our work with the Compton Pledge to the innovative Housing Pledge program with HUD, we’re dedicated to reshaping the conversation around welfare and financial aid. A special shoutout to The Patchwork Collective for their catalytic support, which has allowed us to experiment and innovate during critical times. We look forward to continuing this journey of social change together! ??? Read the full article at this link: https://lnkd.in/gyJ2VcHV

Our founder,?Nika Soon-Shiong,?collaborated with other academics and to create this comprehensive report on ethical considerations in guaranteed income programs, a must-read for anyone involved in research or policy-making. The report highlights essential practices for ensuring these initiatives are effective and ethical. Key takeaways include the importance of community engagement, inclusivity in design, fair compensation for participants, and maintaining participant privacy. By prioritizing ethical practices, we can better serve communities and create programs that truly empowers individuals. I highly encourage everyone to dive into this report and explore its findings. It’s a valuable resource for advancing our understanding of basic income and ethical research. ?? Read the full report here: https://lnkd.in/g-NDX4sg