Opportunity and Ownership over the Life Cycle

Ford Foundation May 28, 2008

Welcome and Introductions

Kilolo Kijakazi, Ford Foundation
Pablo Farias, Ford Foundation
Frank DeGiovanni, Ford Foundation
Gene Steuerle, Urban Institute (+ Lynette Rawlings)

I. Wealth Accumulation Over the Life Cycle
Topics include: wealth accumulation over the life cycle, wealth disparities across subpopulations, the hierarchy of asset ownership exhibited by many households, and government subsidies going toward each asset type

Name	Affiliation /Area of Knowledge	Moderator	Tee- Up Remarks
Bucholz, Dave	The Federal Reserve Board, formerly at Center for Economic Development / Asset subsidies		X
Mensah, Lisa	Executive Director, Initiative on Financial Security, Aspen Institute		X
Mermin, Gordon	Urban Institute/Life cycle and retirement wealth by race		X
Steuerle, Gene	Urban Institute	X

II. Wealth Accumulation Early in the Life Cycle
Topics include: Becoming banked, alternative financial sector, financial literacy, savings and checking accounts, and student loans

Name	Affiliation /Area of Knowledge	Moderator	Tee- Up Remarks
Butrica, Barbara	Urban Institute / Children’s accounts		X
Caskey, John	Swarthmore College / Alternative financial sector		X
Hauptman, Art	Public Policy Consultant / Higher education finance		X
Sherraden, Michael	Center for Social Development, Washington University in St. Louis / IDA’s		X
Silva, Javier	Community Affairs Analyst, New York Fed		X
Spriggs, Bill	Howard University	X

III. Wealth Accumulation in the Middle of the Life Cycle
A. Housing
Topics include: Homeownership and subprime mortgages

Name	Affiliation /Area of Knowledge	Moderator	Tee- Up Remarks
Carr, Jim	National Community Reinvestment Coalition		X
Di, Zhu Ziao	Harvard, Senior Research Analyst, Joint Center for Housing		X
McCarthy, George	Ford/Subprime	X	X
Rawlings, Lynette & Turner, Margaret	Urban Institute/Housing		X
Weicher, John	Director, Housing and Financial Markets, the Hudson Institute and a Former Assistant Secretary for Housing and Federal Housing Commissioner / Convert Section 8 to ownership		X

B. Individual Development Accounts (IDAs)
Topics include: Individual development accounts (IDAs), a second stage of financial literacy, and other household wealth accumulation

Name	Affiliation /Area of Knowledge	Moderator	Tee- Up Remarks
Friedman, Robert	Founder and Board Chair, Corporation for Enterprise Development	X	X
McKernan, Signe-Mary	Urban Institute / Poor finances, IDA rules and welfare asset limits		X
Christy-McMullin, Kameri	University of Arkansas/ Long-term impacts of IDAs		X
Mills, Greg	Abt Associates / Individual Development Accounts (IDA’s)		X

IV. Wealth Accumulation for the End of the Life Cycle
Topics include: Retirement savings, wealth decumulation, social insurance as a financial asset

Name	Affiliation /Area of Knowledge	Moderator	Tee- Up Remarks
Friedman, Karen	Policy Director, Pension Rights Center		X
Greenstein, Robert	Executive Director, Center for Budget and Policies Priorities		X
Munnell, Alicia	Director, Center for Retirement Research, Boston College	X
Reno, Virginia	Vice President, National Academy of Social Insurance		X
Rodriguez, Eric	Director, Policy Analysis, National Council of LA RAZA		X

V. Toward an Integrated Wealth Building Policy

Name	Affiliation /Area of Knowledge	Moderator	Tee-Up Remarks
Burtless, Gary	Senior Fellow, Brookings Institution		X
Boshara, Ray	Director, Asset Building Program, New America Foundation / Asset policy		X
Kijakazi, Kilolo	Senior Program Officer, Ford Foundation	X
Lui, Meizhu	Community Educator/History of asset building policy		X
Shapiro, Tom	Brandeis / Black Wealth White Wealth (with Mel Oliver)		X
Steuerle, Gene	The Urban Institute		X

Participants:

Name	Affiliation / Area of Knowledge
Bowdler, Janis	Associate Director, Wealth-Building Policy Project, National Council of La Raza
Cramer, Reid	Director, Asset Building Program, New America Foundation / Asset policy
Fong, Charise	Director, Neighborhood and Economic Development
Hamilton, Darrick	The New School/Wealth disparities
LuBell, Jeff	Executive Director, Center for Housing Policy and National Housing Conference
Nembhard, Jessica Gordon	University of Maryland/ Cooperative Wealth
Perun, Pamela	Gerontology & Pension Layer/Independent employee benefits consultant on retirement income
Robinson, Christine	Stillwater Consulting
Shanks, Trina Williams	University of Michigan/ Children’s accounts, IDAs, wealth disparities
Simms, Margaret	Urban Institute, Low-income working families
Soto, Miguel	Executive Director Center for New Economy, Puerto Rico
Turner, Margery	Urban Institute, Housing policy

Foundation Invitees:
Bezerra, Dana – Haron Foundation
Brandenburg, Margot – Rockefeller Foundation
DiGiovanni, Frank – Ford Foundation
Dorment, Lily – Rockefeller Foundation
Farias, Pablo – Ford Foundation
Lehman, Gretchen – DHHS
Melton, Benita – Charles Stewart Mott Foundation
McCarthy, George – Ford Foundation
Morton, John – Pew Charitable Trusts
SanMiguel, Monica – Rockefeller Foundation
Ubinas, Luis – Ford Foundation

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