About the Asset Building Coalition

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Uniting Forsyth County to raise awareness about asset poverty, its affects on individuals, families, and our community overall.

Mission

To build, rebuild, and protect the assets of residents of Winston-Salem and Forsyth County, North Carolina.

Vision

A community where all people have an opportunity for financial stability.

The Asset Building Coalition is working to…

Educate

We educate and promote awareness about the individual and family impacts of asset poverty, as well as the community-level impacts.

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Coordinate

We coordinate community-wide collaborative initiatives, including Forsyth Saves, Forsyth Living Wage, Financial Education Best Practices, and an Asset-Building Policy & Advocacy Platform.

Connect

We connect our community to action, providing volunteer opportunities for individuals and membership opportunities for businesses and organizations.

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Communicate

We communicate timely, relevant information with our community networks through our email list, Facebook, Instagram, and LinkedIN accounts.

Empower

We empower individuals, businesses, and organizations as champions for a more asset-resilient Forsyth County through connection to a wide range of resources and financial services.

Our Coalition is 27 Members Strong, and Growing.

Atkinson
Collaborative Enterprise

The CARes Project

Individual Members

Karl F. Yena, Nonprofit Consultant

Matthew Hynek, Edward Jones

Board of Directors

OFFICERS 

Kelly Mitter

Board Chair, Marketing and Membership Committee Chair;

Chief Operating Officer, Habitat for Humanity of Forsyth County

Phyllis Caldwell-George

Secretary;

President & CEO, Financial Pathways of the Piedmont

Ryan Gerace

Treasurer;

Director of Finance, Financial Pathways of the Piedmont

AT-LARGE BOARD MEMBERS 

Adam Hill

Benchmark and Evaluations Committee Chair

Executive Director, Forsyth Futures

Brittney Gaspari

Advocacy and Public Policy Committee Chair;

Vice President of Community Investment, Winston-Salem Foundation

Lisa Terry

Financial Capabilities Committee Chair;

Money Management and Education Director, Financial Pathways of the Piedmont

Dan Kornelis

Community and Economic Development Director, Forsyth County Government

Maegan Gomez

Quality Education Schools

Mellin Parker

Senior Project Supervisor, City of Winston-Salem

Victor Isler

Director, Forsyth County Deparment of Social Services

Frequently Asked Questions

Is the ABC a non-profit organization?

The ABC is currently working toward attaining 501(c)3 nonprofit status. We anticipate meeting this milestone by early 2020.

Why was the coalition formed?

It was formed in response to a research study that showed rates of poverty, asset poverty, poor credit, and lack of savings worse in our area that in many other places in the state and nation. [2012 MEOP study by the Center for Enterprise Development (CFED), Washington DC.]

What does the Coalition hope to achieve?

We hope that our conscious and sustained collective awareness about and connected activities to specifically address asset poverty will be more effective than the lone activities of each member.

What is the income cutoff level for asset poverty?

There is none, really. A family can have a generous income, but if they have no savings, no home equity, and no other assets, they are living in asset poverty.

How are the activities of the Coalition funded?

The Coalition is a voluntary collaboration. Its members contribute time, expertise, office supplies, and so on. Members pay a small fee which helps offset some costs. We have also received financial and in-kind support from foundations, banks, and others in the community.

Is the Coalition an advocacy organization?

We raise awareness of public policy and legal issues that may enhance or threaten the ability of North Carolinians to build and protect wealth.

Can I give a tax-free donation to the ABC?

Yes. You can do this by giving a gift or grant to any non-profit member of the Coalition and designating that it be used for specific materials, activities or other direct costs related to the Coalition.

Is the ABC part of a national network?

Yes and No. We are solely a local creation, however we serve as one of 93 Community Champions across the country with Prosperity NOW. And we are a member of the statewide advocacy initiative NC Assets Alliance.

What is asset poverty?

When a family does not have enough resources set aside to meet, in the absence of income, their basic needs for three months, they are asset poor.

Who can join the coalition?

Any individual, business, or nonprofit whose interests and activities are in keeping with the mission and vision of the Coalition.

How are the activities of the Coalition funded?

The Coalition is a voluntary collaboration. Its members contribute time, expertise, office supplies, and so on. Members pay a small fee which helps offset some costs. We have also received financial and in-kind support from foundations, banks, and others in the community.

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