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Individual Development Accounts
Resources and Links
Individual Development Accounts are best described as restricted use savings
accounts that enable low-income people to access matched funds to accelerate their
own savings in order to acquire an approved asset. For example, an Individual
Development Accounts could be used to purchase intellectual assets (human capital)
such as skills training or post secondary education or physical assets such as a down
payment on a first home or capitalizing a new business. Individual Development
Accounts are usually delivered in conjunction with economic literacy, peer support
groups and one to one consultation.
Links To IDA programs and resources in Canada
Social and Enterprise Development Innovations
(SEDI)
1110 Finch Avenue West, Suite 406
Toronto, Ontario, Canada M3J 2T2
Ph: 416.665.2828 / Fax: 416.665.1661
Email: info@sedi.org
Website: www.sedi.org
South East Ottawa Centre For A Healthy
Community (SEOCHC)
1355 Bank Street, Suite 600 Ottawa Ontario, K1H 8K7
Phone: (613) 737-5115 x 314 Fax: (613) 739-8199
email: DavidH@seochc.on.ca  or
Cherylp@seochc.on.ca
Website: www.seochc.on.ca
Links to IDA resources in the United States:
·
The Center For Social Development (CSD) http://gwbweb.wustl.edu
·
The Corporation for Enterprise Development (CFED) http://cfed.org  for more information
and links.
Of particular interest:
·
Designing Your Own Individual Development Account Demonstration: An Information and
Resource Handbook for Community-Based Organizations, by the Corporation for
Enterprise Development, 1996. Phone: 1-202-408-9788 or contact http://cfed.org
·
IDAnetwork:
Share discussions, resources and tools with practitioners all over the world.
Contact CFED at http://cfed.org  to register as a member.
International Asset-Building Links:
·
Asset-building.org: http://www.assetbuilding.org/AssetBuilding/
·
HM Treasury: information on UK government savings and assets programs,
http://www.hm-treasury.gov.uk/topics/topics_savings/topics_savings_index.cfm
·
Institute for Public Policy Research: http://www.ippr.org
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Individual Development Accounts
Resources and Links
Financial Management And Training Resources:
·
Canadian Bankers Association -http://www.cba.ca
·
Federal Deposit Insurance Corporation (FDIC)
http://www.fdic.gov/consumers/consumer/moneysmart/
·
Jump Start Coalition for Personal Financial Literacy
http://www.jumpstartcoalition.org/
Financial Management And Training Resources:
·
Corporation for Enterprise Development, http://www.cfed.org
·
National Endowment For Financial Education, http://www.nefe.org/
·
Practical Money Skills www.practicalmoneyskills.com
·
Social and Enterprise Development Innovations, http://www.sedi.org
Technical and Consulting Services:
·
IDA Alliance. US based consulting for IDA practitioners. Contact Inger Giuffrida, at
inger.giuffrida@verizon.net
·
Management Information System, MIS IDA. MIS IDA is a software program
designed to manage IDA programs, collect data critical for evaluation purposes, and
allow electronic data transfers of information between affiliated financial institutions
and IDA programs. Contact Lissa Johnson at the Center for Social Development,
Washington University at 314-935-8062.
·
SEDI ­ Technical consulting and training on financial literacy curriculum designed to
reach low-income Canadians.