For 20 years, thousands of Oregonians have been saving and learning financial education skills with the Oregon IDA Initiative. They work with organizations like DevNW to open an Individual Development Account (IDA) and save towards a goal, like buying a home, starting a small business or attending college, and their hard work is rewarded with at least a 3:1 match from Initiative funds.
DevNW has been an IDA provider since 2003. The Oregon IDA Initiative leverages our existing IDA program with matching fund dollars, and administrative and program support, helping us to serve people with incomes below 80% AMI, including former foster youth, school-engaged youth and survivors of domestic violence.
At DevNW, we know that assets are critical to individual, family, and community success. An investment in a home, a small business, an education, or other important asset adds stability and a foundation for success. That’s why we’re encouraging readers to support the Oregon IDA Initiative. Donations to the Oregon IDA Initiative translate directly into DevNW being able to offer essential planning, budgeting, and savings skills as well as matching funds to support people like Charmaine Reddix, who through her IDA was able to save for and purchase her first home for herself and her two children, and then to graduate from college.
When you donate to the Oregon IDA initiative, you will receive a tax credit at a rate of 90%. Donations MUST be received no later than December 31, or before the available tax credits run out. To qualify, your gift must be made directly to the Oregon IDA Initiative. The Initiative accepts checks, donations of stock or mutual fund shares, and online donations by credit card.
You can find complete donation instructions at https://oregonidainitiative.org/donateida/. If you have any questions, you can call IDA Marketing Manager Hannah Waterman at (503) 226-3001 x107 or email her at
For more information on DevNW’s IDA program and how it can help build financial stability, please visit: https://devnw.org/access-funds/individual-development-accounts/