In 2021 Governor Newsom announced a groundbreaking investment of $35 million over a period of five years to support local and tribal governments and community-based organizations in establishing or strengthening existing guaranteed income pilots across California.
Starting in May 2022, the California Guaranteed Income Fund has been developed as a public-private partnership to ensure that selected state pilots can close critical funding gaps and achieve geographic equity. The Fund is a collaboration between Social Finance, Mayors for a Guaranteed Income, Economic Security Project, Asset Funders Network, the California Department of Social Services, and the Governor’s Office.
The Fund has now launched with an incredible cohort of grantees that exemplify its priority to aid former foster youth, pregnant individuals, and organizations in underserved and under-resourced regions of the state. To celebrate this milestone, and share what is next for the fund, join this virtual Funder Briefing via Zoom.