Nashville Alliance for Financial Independence (NAFI), an initiative of United Way of Metropolitan Nashville, is helping working individuals and families to “Earn It. Keep It. Save It.” We know that assets are the key to long-lasting financial independence. Assets are what financially stable families use to stay afloat during unexpected financial crises.
For many families, tax time may be one of the only chances they have each year to put some money into savings, which is a critical step towards achieving greater financial stability.
To increase the lump sum refund available for asset building, the NAFI conducts a citywide campaign promoting the Earned Income Tax Credit (EITC). The EITC is one of the most effective anti-poverty tools in America. No social program or combination of social programs lifts more children out of poverty than the EITC (Brookings Institute). Yet, in Davidson County, an estimated $20-25 million in EITC refunds are left unclaimed each year.
VITA (Volunteer Income Tax Assistance) sites are our vehicles to help working families claim the EITC and receive these asset building resources. VITA sites provide free tax preparation for households earning $57,000 or less and ensures that they claim all their eligible tax credits. With the average cost of tax preparation being $200, our sites are already helping working families to keep their hard earned money. Since 2004 NAFI has filed nearly 47,000 returns refunding more than $73,000 to the community.
In addition, we work with our partners to provide financial education year-round through a program called My Money Plan.
NAFI also comes alongside organizations and companies interested in improving or implementing a financial education program. Through our partners, we are able to provide technical assistance, free training, and new products and services to enhance existing financial education efforts.
2012 Nashville AFI Advisory Council Members
Tracey Dill UWMN
Phillip Many YWCA
Judy Rye Martha O'Bryan
Linda Shieber Martha O'Bryan
Belita Howard CCSI
Jane Gault UT Extenstion
John Crawford The Salvation Army
Mike Servais The Salvation Army
Brian Lee Regions Bank / Needlink Nashville
Lauren Badgley May MNPS
LeAnne Nowlin MNPS-CCC
Tieashia Odom New Level CDC
Jessica Ho NAFI @ UW
Debbie Grant Goodwill
Jessica Farr Federal Reserve
Abdelghani Barre Metro Social Service
Tyane Powell Pinnacle Financial Partners
Carla Jarrell Pinnacle Financial Partners
Shay Martin Regions Bank
Tricia Reinhard Renewal House
Bettie Kirkland Project Return
Kyle Williams Second Harvest
Jann Seymour Needlink Nashville
Heather Vincent Bank of America
Jacque Green PENCIL Foundation
Lisa Booker FCS
Scott Payne 211 / Family & Childrens Service