Author: Jonathan Blundell

LOVE THIS!

Keith Taylor started ModestNeeds.org to help people with small, immediate needs and prevent a single overdue gas bill, for example, from leading to financial ruin. The foundation provides $100,000 dollars a month to help regular people stay afloat. Madeleine Brand talks to Taylor about how Modest Needs helps everyday people deal with financial a crisis.

Listen to the story from NPR

Modest Needs exists:

* To prevent otherwise financially self-sufficient individuals and families from entering the cycle of poverty, when this might be avoided with a small amount of well-timed financial assistance;
* To restore the financial self-sufficiency of individuals who are willing to work but are temporarily unable to do so because they do not have the means to remit payment for a work-related expense; and
* To empower permanently disadvantaged individuals who otherwise live within their limited means to continue to live independently, despite a temporary, unexpected financial set-back.

In keeping with its mission, Modest Needs offers the following three types of grants
* Self-Sufficiency Grants
Modest Needs makes Self-Sufficiency Grants by remitting payment to a creditor / for an expense on behalf of an otherwise self-sufficient individual or family for a relatively small, emergency expense which the individual or family could not have anticipated or prepared for. In making a Self-Sufficiency Grant, our goal is to prevent an otherwise self-sufficient individual or family from entering the cycle of poverty as a result of the financial burden posed by a relatively small emergency expense. For example, we might make a Self-Sufficiency Grant to cover the cost of an emergency auto repair that must be made if an individual is to continue working.
* Back-to-Work Grants
Modest Needs makes Back-to-Work grants by remitting payment for a small work-related fee or expense on behalf of a temporarily unemployed individual. In making a Back-to-Work grant, our goal is to provide a willing but temporarily unemployed individual with the means to return to work. For example, we might make a Back to Work grant to cover the cost of a professional license renewal for a temporarily displaced worker.
* Independent Living Grants
Modest Needs makes Independent Living Grants by remitting payment to a creditor / for an expense on behalf of persons who are permanently unable to work but who nevertheless are living independently on the limited income to which they are entitled – their retirement income, or their permanent disability income, for example. In making an Independent Living Grant, our goal is to empower financially responsible persons who cannot work to continue to live independently on their limited incomes, despite an unexpected expense which no conventional agency is prepared to address. For example, we might make an Independent Living Grant to cover the cost of maintenance on a piece of accessibility equipment not covered by Medicaid, to cover an unexpectedly large prescription medication co-pay, or to assist with a large summer cooling bill.