Opportunity PassportTM

Scientific Rating:
NR
Not able to be Rated
See scale of 1-5
Child Welfare System Relevance Level:
High
See descriptions of 3 levels

About This Program

The information in this program outline is provided by the program representative and edited by the CEBC staff. Opportunity PassportTM has been reviewed by the CEBC in the area of: Youth Transitioning Into Adulthood Programs, but lacks the necessary research evidence to be given a Scientific Rating.

Target Population: Young people transitioning from foster care; specifically, young people 14-26 years old who have spent at least one day in foster care after their 14th birthday

For children/adolescents ages: 14 – 25

Brief Description

The Jim Casey Youth Opportunities Initiative’s Opportunity PassportTM helps young people improve their financial capability when transitioning from foster care. The Opportunity PassportTM includes financial education and support with establishing, maintaining, and growing a bank account; and, purchasing developmentally appropriate assets through matched savings opportunities. The financial resources assist young people meet their life goals with asset purchases such as vehicles, education, housing, health care, investment, credit building and microenterprise endeavors. Opportunity PassportTM participants complete a baseline survey at enrollment and a bi-annual survey for the duration of their participation in the program to measure progress.

Program Goals:

The goals of the Opportunity PassportTM program are:

  • Become financially capable
  • Gain experience with the banking system
  • Amass assets for education, housing, transportation, and other developmentally appropriate specified purchases

Essential Components

The essential elements of Opportunity PassportTM include:

  • Young people are engaged in the design, delivery and continuous improvement of the program, and young people are paid a stipend for their participation in aspects of program implementation.
  • Young people are provided a stipend for completion of the first 3 of 7 financial education modules as seed money for bank account.
  • Young people have access to an adult who will support them through the program.
  • Young people are provided asset specific training to support effective purchase and use of asset(s).
  • Young people may also be provided financial coaching or counseling.
  • Implementation and outcome data are collected from staff and young people on regular basis. Data is regularly analyzed by providers and young people in a continuous improvement process. Decisions are guided by these data.

Child/Adolescent Services

Opportunity PassportTM directly provides services to children/adolescents and addresses the following:

  • Young people between the ages of 14-26 who lack financial education, experience with banking system, skills to save money and purchase asset(s), knowledge about maintaining assets, and connections to opportunities for employment, housing, education, social capital, health, permanence, and financial capability

Delivery Settings

This program is typically conducted in a(n):

  • Community Agency
  • Community Daily Living Settings

Homework

This program does not include a homework component.

Languages

Opportunity PassportTM has materials available in a language other than English:

Spanish

For information on which materials are available in this language, please check on the program's website or contact the program representative (contact information is listed at the bottom of this page).

Resources Needed to Run Program

The typical resources for implementing the program are:

  • Personnel-outreach to young people, establish relationships with bank(s), recruit financial coachers, teach financial education and asset trainings, and perform data management and analysis
  • Space to run classes/training, meetings for young people, and social events where laptops are available to encourage young people to take surveys

    Minimum Provider Qualifications

    There are no standard minimum qualifications.

    Education and Training Resources

    There is a manual that describes how to implement this program, and there is training available for this program.

    Training Contact:
    Training is obtained:

    Informal telephone consultation and a variety of publications supporting young people transitioning from foster care are available.

    Number of days/hours:

    Informal telephone consultation available.

    Relevant Published, Peer-Reviewed Research

    This program has been reviewed and it was determined that this program lacks the type of published, peer-reviewed research that meets the CEBC criteria for a scientific rating of 1 – 5. Therefore, the program has been given the classification of "NR - Not able to be Rated." It was reviewed because it was identified by the topic expert as a program being used in the field, or it is being marketed and/or used in California with children receiving services from child welfare or related systems and their parents/caregivers. Some programs that are not rated may have published, peer-reviewed research that does not meet the above stated criteria or may have eligible studies that have not yet been published in the peer-reviewed literature. For more information on the "NR - Not able to be Rated" classification, please see the Scientific Rating Scale.

    Child Welfare Outcomes: Not Specified

    Currently, there are no published, peer-reviewed research studies for Opportunity PassportTM.

    References

    Jim Casey Youth Opportunities Initiative. (2014). Building financial capability for young people in foster care. Retrieved from this link.

    Jim Casey Youth Opportunities Initiative. (2009). The Opportunity PassportTM: Building assets for youth aging out of foster care. Retrieved from this link.

    Peters, C, Sherraden, M., Kuchinski, AM (2012). Enduring assets: Findings from a study on the financial lives of young people transitioning from foster care. Retrieved from this link.

    Contact Information

    Name: Leslie Gross, JD
    Agency/Affiliation: Jim Casey Youth Opportunities Initiative
    Department: Annie E. Casey Foundation
    Website: www.jimcaseyyouth.org/areas-of-expertise/165/opportunity-passport%E2%84%A2
    Phone: (410) 547-3696

    Date Research Evidence Last Reviewed by CEBC: June 2016

    Date Program Content Last Reviewed by Program Staff: August 2016

    Date Program Originally Loaded onto CEBC: June 2016