Our Impact

Our initiatives focuses on early financial empowerment for students, equipping them with essential skills for continued educational success. We actively engage families and the broader community, fostering a supportive environment that encourages growth and collaboration. By prioritizing diversity, equity, and inclusion, we ensure that individuals from a wide demographic can thrive and contribute to a vibrant community. Together, we are building a brighter future for all.

The Challenge

Broadly, Providence Promise offers a sustainable and accessible solution to the growing college affordability crisis, particularly for students from historically underserved communities, while also promoting economic prosperity for families.

Theory of Change

Offering equitable and high-quality opportunities for early financial empowerment, family engagement, and youth mentorship will disrupt historically oppressive systems and support a culture of educational and economic prosperity within enrolled students, their families, and the Providence community.

By the Numbers

Hover over each section to get in-depth details of how our programs have impacted the local Providence community.

1,300

Students with 529 Savings Accounts

>98%

$2.36 Million

8 or more

20 $800,000+

Family that make monthly contributions

Average amount of years to save

Amount collectively saved

Financial literacy courses offered in 2024

Incentive awards since 2020

Early Financial Empowerment

PVD Promise is committed to helping families prepare for their children's educational futures by promoting long-term savings through 529 College Savings Accounts (CSAs). Every enrolled student has savings set aside for higher education, with families making consistent contributions. The program's success is reflected in its high engagement rate, financial literacy workshops for both youth and adults, and substantial incentive awards provided directly to CSAs. Through these efforts, PVD Promise empowers families to actively save and plan for the cost of education, ensuring that students have a solid financial foundation as they grow.

100%

Parents that see PVD Promise improving education potential for their kids

100%

>85%

17%

91%

70%

Youth that see PVD Promise improving educational potential

PVD Promise students chronically absent (compared to the Providence Public schools average of 44%)

Amount of youth that believe PVD Promise has helped them prepare for the future

2024 Graduates that intend to enroll in a 2-year or 4-year college

Graduates from '22 & '23 that enrolled in post-secondary education (compared to Providence Public school average of 52%)

Educational Success

PVD Promise is dedicated to fostering educational success by raising expectations and preparing students for their futures. Both parents and youth report that the program significantly increases their aspirations for higher education. The impact is evident, as the majority of students feel more prepared for their future endeavors. PVD Promise students also show greater school attendance compared to the broader Providence Public School population. Initial data from the 2024 graduating class indicates that nearly all graduates who have shared their plans are pursuing higher education, highlighting the program’s effectiveness in shaping academic goals and outcomes.

9-11

Total programs hosted each month

2,650+

425+

One-third

40 >10

Attendees last fiscal year

Programs hosted with community partners

Individual youth advising meetings facilitated last fiscal year

Youth Mentorship Program pairs

MOUs with community partners

Family & Youth Engagement

PVD Promise places a strong emphasis on family and youth engagement, hosting a variety of workshops, programs, and events that reach thousands of participants annually. Over the past year, the organization offered 110 programs, with a significant portion developed in collaboration with community partners. These efforts help to build a supportive network that encourages families to stay engaged and invested in their children's educational journeys, while strengthening ties between the program and the broader community. Meanwhile, youth engage in frequent college and career readiness activities well before the 11th grade (the age in which most interventions are offered locally) that prepare them for their futures. Notably, the Youth Mentorship Program provides individualized college and career coaching to enrolled middle and high school students from current college student mentors. Pairs meet at least twice per month, follow a thoughtfully-designed curriculum with guides activities and topics, and have at least one on-site college visit.

97%

Students who are BIPOC

90%

71%

20%

2 56%

Students who are from low-income households

Students who will be first generation high school graduates

Students who will be first generation college graduates

Languages provided for programing (English & Spanish)

Board members who are BIPOC

Diversity, Equity, & Inclusion

PVD Promise is committed to serving a diverse community, ensuring that its programs are accessible and inclusive for all families. The organization offers interpretation and translation services to meet the language needs of its enrolled families, fostering clear communication and effective support. PVD Promise also tailors its program delivery models to best fit the unique needs of the community, ensuring flexibility and accessibility. Reflecting the diversity of the families it serves, PVD Promise maintains a staff and board that are representative of the community, reinforcing its commitment to equitable and inclusive service.

Partnerships

PVD Promise works with community partners throughout Providence to provide supplemental programming and resources to its families and students. One of PVD Promise’s foundational principles is to foster an increase in community partnerships to avoid service replication. We are able to achieve that through collaboration with various community organizations and provide a number of accessible, bilingual workshops for our students and families. Check out a listing of our formal partners for which we maintain MOUs with below (updated September 2024).

PVD Promise collaborates with several other organizations on an ongoing basis, like Sojourner House, Parents Leading for Educational Equity (PLEE), and a number of financial institutions throughout the City and State. As we grow, we look forward to partnering with other local entities to bring additional services to Providence families.

CONTACT PARTNERSHIPS