2022-2025 STRATEGIC PLAN
OBJECTIVE:
To Increase INTERGENERATIONAL ECONOMIC MOBILITY in Underserved Families in San Jose.
INTERGENERATIONAL
Sunday Friends is Family Centric and focuses on the whole family—parents and youth together.
ECONOMIC MOBILITY
Families are making gains in financial security, financial capability, and overall family well-being.
2022-2025 IMPACT & OUTCOMES
METRICS:
These 5 outcomes will demonstrate the impact Sunday Friends is making to empower families to break the generational cycle of poverty.
METRIC 1
ASSET BUILDING
Families will realize an increase in financial assets.
METRIC 4
CONFIDENCE BUILDING
Families will gain confidence in making sound financial decisions.
METRIC 2
DEBT REDUCTION
Families will realize a decrease in family debt and an increase in credit scores.
METRIC 5
EMPOWERMENT
Families will feel empowered to advocate for the needs of their family.
METRIC 3
INCOME GENERATION
Families will realize an increase in household income.
2022-2025 PROGRAM INITIATIVES
STRATEGIC INITIATIVES:
These 3 strategic initiatives define the program infrastructure for increasing economic mobility.
Initiative 1:
FINANCIAL LITERACY
A Comprehensive Financial Literacy program to help families build financial security & financial capability. Key activities include: - Multi-part series - Workshops, - Individual Coaching - Youth Activities Designed to equip families to make informed financial decisions and take on proactive behaviors that lead to intergenerational economic mobility.
Initiative 2:
LIFE SKILLS
A Life Skills program to help families gain capacity and resources towards intergenerational economic mobility. Key topics include: - Digital Skills - Job Readiness & Small Business Development - Communications Confidence - Health & Wellness - Youth STEM - Youth Literacy
Initiative 3:
COMMUNITY & EMPOWERMENT
A Community-Building & Empowerment program to help families advocate for themselves, to gain confidence as a voice in their community, and to feel valued. Activities include: - Learning series focused on Advocacy as a form of Empowerment - Community-Building Events - Workshops focused on empowering Community Building & accessing Community Resources
BACKGROUND
In 2021, The board and staff at Sunday Friends set out to develop a strategic plan to guide our mission over the next three to five years by sharpening our program focus. We evaluated our strengths, successes, values, and the needs of our community. We also took stock of the gains we have achieved through our digital pivot in response to the pandemic. Our objective was to build upon those strengths and values to focus our program on activities that would provide measurable results towards shifting the needle on poverty, and would make positive and significant impact in the lives of the families we support.
The end result is a strategic plan supporting our mission to empower families to break the generational cycle of poverty by equipping families with the knowledge and skills to achieve economic mobility.