[b]A National Crisis.[/b] Nearly 25% of women report abuse by a partner during their lifetimes. 74% of Americans personally know someone who is or has been a victim of abuse. Domestic violence poses a threat to the safety and security of women and their families. Despite its pervasiveness, many people find domestic violence a difficult subject to discuss openly. As a result, this public health and social crisis is often an underreported and overlooked. [b]Economic Abuse.[/b] Economic abuse involves controlling a victim's ability to acquire, use or maintain financial resources. Though it occurs in many forms, economic abuse can include an abuser preventing his partner from working or accessing bank accounts, credit cards or transportation. Financial stability is central to a victim's ability to live free from abuse.
Approximately 6 out of 10 Americans strongly agree that the lack of money and a steady income is a challenge faced by a survivor of domestic violence when leaving her/his abuser.
Experts report that abusers employ economic control to prevent victims from leaving dangerous situations.
The Allstate Foundation Domestic Violence Program
[b]Commitment.[/b] The Allstate Foundation is dedicated to national initiatives that confront domestic violence by economically empowering survivors. The Allstate Foundation has:
Provided over $15 million in grants to domestic violence organizations and survivors nationwide;
Developed the Moving Ahead Through Financial Management Curriculum Grant Program to address safety concerns and financial planning;
Provided grants to state domestic violence coalitions, local programs and individual survivors;
Supported economic advocacy services.
[b]Meeting the Need.[/b] Financial security is the number one predictor of whether or not a victim of domestic violence will get free and stay free from abuse.[url=#1][/url] Yet, there are few programs designed to assist domestic violence victims and survivors with the economic challenges they face. To fill this gap, The Allstate Foundation developed its Domestic Violence Program. We are working to overcome the barrier that domestic violence poses to the personal safety and financial security of victims and their families. [b]Empowering Survivors.[/b] The Allstate Foundation Domestic Violence Program empowers domestic violence survivors with the resources, knowledge and skills they need to achieve economic empowerment and live free from abuse. [b]Expertise and Collaboration.[/b] As the corporate foundation of a financial services company, The Allstate Foundation is uniquely equipped to provide the highest quality financial services to those who need them. In partnership with the National Network to End Domestic Violence, Inc. (NNEDV), a leading national domestic violence organization, The Allstate Foundation puts their financial expertise to use to bring economic empowerment services to survivors of domestic violence. [b]A Unique and Comprehensive Approach.[/b] The Allstate Foundation Domestic Violence Program provides a comprehensive network of services for domestic violence survivors and advocates, including:
[b]Direct Services.[/b] The Allstate Foundation provides the Moving Ahead Through Financial Management Curriculum; Allstate employees, agents and personal financial representative volunteerism; and grant programs that address the economic needs of survivors.
[b]Thought Leadership.[/b] The Allstate Foundation supports domestic violence advocates and service providers through national conferences, research and other events.
[b]Public Awareness.[/b] The Allstate Foundation facilitates a national effort to raise public awareness and change societal attitudes about domestic violence and economic abuse.
[b]The Allstate Foundation Domestic Violence Program's [i]Moving Ahead Through Financial Management Curriculum[/i][/b] provides a comprehensive package of financial tools and information to empower victims to work towards financial independence. Advocates and Allstate volunteers are trained to work with survivors of domestic violence as they move forward on the path to financial security. The curriculum includes approaches for locating and accessing local, state and national financial resources. In addition, the curriculum provides tools to help people of all incomes and earning power work toward long-term economic empowerment. Finally, to address safety concerns, information about how individuals can protect themselves personally and financially while remaining in an abusive relationship and after leaving an abusive relationship is also included, as well as strategies to:
Address the challenges of ending a financial relationship with an abusive partner.
Access economic empowerment resources used nationwide, including individual development accounts, micro-enterprise development programs and emergency assistance funds.
Deal with the misuse of financial records.
Work through the challenges of building or rebuilding credit.
Women & Finance
Several high-profile studies have uncovered the fact that more and more women, especially as they become older, are not educated or prepared to take care of themselves financially. The majority of women rely on their husbands, partners or families when it comes to handling finances. The Allstate Foundation Domestic Violence Program is designed to help women achieve economic empowerment and prepare them for a bright, financially-secure future by providing them with the appropriate educational resources to help them regain their independence. Below are general facts regarding women and finance that support the need for this program.
93% of women say that saving for retirement is their primary goal. However, 47% are not contributing to a financial plan. 55% of women say they are not prepared for retirement.[url=#2][/url]
58% of female baby boomers have less than $10,000 in retirement.[url=#3][/url]
1% of women consider themselves experts in financial knowledge. 62% consider themselves as having adequate knowledge.[url=#4][/url]
The Allstate Foundation: Background & Information
Founded in 1952, The Allstate Foundation is an independent charitable organization funded by contributions from subsidiaries of The Allstate Corporation.
The Allstate Foundation brings the resources, skills, people, and reputation of Allstate to support innovative and replicable solutions that enhance individual well-being and prosperity.
The Allstate Foundation is dedicated to fostering safe and vital communities where people live, work and raise families.
The Allstate Foundation believes in thriving, viable communities. Residents should have access to economic resources and knowledge to make informed decisions about their financial future.
The Allstate Foundation believes that a strong community is one that recognizes and values people of varied backgrounds, including ethnicity, gender, physical challenges, age and lifestyle.
To learn more about The Allstate Foundation, visit allstate.com/foundation. For more information on The Allstate Foundation Domestic Violence Program, visit ClickToEmpower.org or contact: The Allstate Foundation Domestic Violence Program:
If you are a survivor of domestic violence or are currently experiencing domestic violence, please contact the National Domestic Violence Hotline to receive support and discuss your options at 1-800-799-7233 or 1-800-787-3224 (TYY). [url=#][/url] Integrating Asset-Building Strategies into Domestic Violence Advocacy," Clearinghouse Review, Journal of Poverty Law and Policy, July-August 2009 rpt. in Deborah K. Anderson & Daniel G. Saunders, "Leaving an Abusive Partner: An Empirical Review of Predictors, the Process of Leaving, and the Psychological Well-being," 4 Trauma, Violence, & Abuse 163 (2003); Ola W. Barnett, "Why Battered Women Do Not Leave: Part 1: External Inhibiting Factors Within Society, 1 Trauma, Violence, & Abuse" 343 (2000).[url=#][/url] Women and Investment survey by Oppenheimer Funds, Inc. 2005[url=#][/url] National Center for Women and Retirement Research, 2002.[url=#][/url] National Council of Women's Organizations, 2005