OUR IMPACT
Midas is a leader in new approaches to advance the financial capability of families and individuals, including matched-savings accounts that incentivize and support a savings habit and lead to asset acquisition and long-term financial stability.
Financial Security
Since 1999, the Midas Collaborative has sought to advance the financial security of low- and moderate- income (LMI) residents across Massachusetts, in concert with its member organizations and partners. Midas is a leader in new approaches to advance the financial capability of families and individuals, including matched savings accounts that incentivize and support a savings habit and lead to asset acquisition and long-term financial stability.
Why This Matters.
With over two decades of experience managing matched savings programs, Midas has supported $55 million in economic investments via home acquisition, small business growth, and college and emergency savings. Rigorous evaluations have proven that these strategies work for LMI families and individuals and contribute to the state and local economy. With more than 20 community-based non-profit members, Midas is the only collaborative in MA focused on the financial health of this vulnerable population.
OUR GOAL
We are a statewide organization with 25 members and 9 community partner organizations. Our five-year goal is to support asset development and financial education for all qualifying individuals in Massachusetts, directly addressing racial economic inequality and stimulating economic development through education, home ownership, and saving for a rainy day.
