Chicago Asset-Building for Children (Chicago ABCs)

Economic Opportunity Challenge
The Chicago Community Trust

Chicago ABCs will braid three proven strategies: child savings accounts, cash transfers and visiting nurses in a dual generation approach propelling families to economic security.

Last Updated: February 2024
Competition Participation
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Economic Opportunity Challenge
  • Heartland Alliance
  • Illinois, United States of America
  • Illinois, United States of America
  • Economically disadvantaged people
  • People of African descent
  • People of Latin American descent
  • 1. No poverty
  • 3. Good health and well-being
  • 8. Decent work and economic growth
  • 10. Reduced inequalities

Executive Summary

Chicago ABCs will build on two recent public commitments - Illinois’ new universal child savings accounts (CSA) and the City of Chicago’s Family Connects visiting nurse program – to drive economic opportunity for 4,600 financially vulnerable families with additional transformational CSA deposits of $500 to $750 and cash transfers of $50 each month over 18 months. Cash transfers and home visiting programs are proven strategies that provide families immediate and direct financial, emotional, and physical support when a child is born. CSAs are powerful tools that invest in a child’s future career path. When combined, they provide investment and hope to families both now and in the future, creating a web of support from a child’s first days and propelling them through adulthood.

Organization Details
Lead Organization

The Chicago Community Trust

Organization Headquarters
Illinois, United States of America
Organization ID
Number of Full-time Employees
51 to 100
Annual Operating Budget
$10.1 to 25 Million

Charity, fund, non-governmental organization, religious institution, school, or other entity

Organizations may provide budget and employee data based on this proposal or the organization as a whole. For more information on this proposal or organization, please email us.


While each of the Chicago ABCs partners have made progress in developing individual elements of the proposed partnership, as a group we continue to seek funding for the partnership, which will interweave the elements for a truly comprehensive, dual-generation approach to wealth-building.

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