Doorway to Dreams Fund

One of the organization's major project is ?Online IDA,? a web-based record keeping, financial transaction and product delivery system. Online IDA leverages existing 401(k) technology to enable pooled investing for IDA participants, to provide real-time access to a central data source for IDA holders and other stakeholders, and to slash the administrative costs associated with offering IDAs to thousands of low-income families. It has the potential to change the fundamental economics of serving these families, making them an attractive segment for the for-profit financial sector.

Recently, D2D partnered with the Annie E. Casey Foundation, the Community Action Project of Tulsa County, the Bank of Oklahoma, and a team of academic researchers to conduct a split tax refund pilot project called Refunds to Assets (R2A). This project gives people participating in the Community Action Project of Tulsa County's free tax preparation service an opportunity to save a portion of their tax refund directly into a savings account. The goal of this project is to demonstrate the feasibility of splitting a tax refund into more than one account and its potential to help low-income people--particularly EITC recipients--save and build assets. The Bush Administration has committed to making administrative changes so that this splitting of refunds can be done on future federal tax forms.