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  • 30 Jan 2018 11:04 AM | Christy Finsel (Administrator)

    ONAC Newsletter, January 2018

    ONAC Children’s Savings Account (CSA) Program Updates 

    As of January 2018, ONAC has funded 467 CSAs.  Recently, more accounts were opened for youth served by the Osage Nation Financial Assistance Department and the Cherokee Nation Child Support Services.   Account opening events are scheduled for February 2018 with the Citizen Potawatomi CDC and May 2018 with the Wyandotte Nation (our newest partner).   By May, we anticipate that ONAC will have funded over 500 CSAs for Native youth.  ONAC is thankful to our nineteen tribal and Native nonprofit partners for all their work on this program!  

    Recently, the Asset Funders Network published a survey with a snapshot of philanthropic support for the field of CSA initiatives.  ONAC was included in the survey.  To read more, go to https://assetfunders.org/resource/2015-2016-csa-survey-private-funding/.

    ONAC 2018 CSA Calendars for Sale

    ONAC is still selling our 2018 desk calendars.  Each calendar costs $20.00.  The monthly calendar cards are enclosed in a plastic case that folds over to create a freestanding desktop calendar display.  Twelve pieces of artwork, from the CSA account-opening events with the Housing Authority of the Seminole Nation, Ponca Tribe Head Start Program, the American Indian Resource Center, Inc., and Believing in Native Generations (BLING), are included in this calendar.  At the CSA events, the youth envision assets in their lives and create artwork showing what they value: family, homes, food, jobs, education, natural resources, etc.  In the photo included with this newsletter, a ten-year old drew a college campus to show his hopes for going to college. 

    To order a calendar, please go to ONAC’s donate page on our website, at http://www.oknativeassets.org/donate.  In the “Donate Online” section of the page, please enter your name and mailing address, the amount you want charged to your credit card ($20 per calendar), and in the comment section note “calendars” and anything else you need to tell us about the order.   If you have a complicated order, please contact Christy Finsel at cfinsel@oknativeassets.org or (405) 401-7873 so she may assist you.  For those wishing to order and pay for calendars by check, please send a note with the mailing address(es) for the calendars and a check for the amount due ($20 per calendar) made out to the Oklahoma Native Assets Coalition, Inc. to the following address: Oklahoma Native Assets Coalition, Inc. Attn: Christy Finsel, 9511 Horseshoe Road, Oklahoma City, OK 73162.  Proceeds from the calendar sales help ONAC fund additional CSAs for Native youth.  Thank you for your support!

    Mini-Grant Awardees Complete their Projects

    • The Kaw Nation conducted a financial education workshop for twenty Kaw Nation students between the ages of 12-17.  During the workshop, staff from Eastman National Bank and City National Bank, as well as Stephen Coit, a Fiduciary Trust Officer with the Office of Special Trustee for American Indians, presented financial education content to the Native youth participants.  Kaw students traveled from Tahlequah, Newkirk, and Ponca City, Oklahoma, as well as Augusta, Kansas, to attend the classes.  Upon completion of the classes, with ONAC mini grant funding for CSAs, the Kaw Nation provided each youth with $135 to be used to open or fund a savings account at a bank or credit union or an account held through the Oklahoma 529 College Savings Plan.  The youth had an opportunity to earn more money for their savings accounts by participating in an essay contest (the essay contest was funded by ONAC mini grant funding).   The Kaw Nation Tribal Youth Program chose the essay topic. The students were asked: How can you use the information you have obtained from the Kaw Nation ONAC Financial Workshop to reach your future financial goals?  Essay rules and applications were made available to all students at the conclusion of the workshop.  Three City National Bank employees read and selected the three winning essays.   The essay winners were awarded a total of $500 in prize money, with a $300 1st place prize, $150 2nd place prize, and a $50 3rd place prize.
    • The Housing Authority of the Seminole Nation of Oklahoma administered an emergency savings account project for fifteen families they serve.  The accounts were opened through First United Bank.  From grant funds, each family received $200 as an initial deposit for their account.  Most of the families in the program are in Seminole lease-purchase program as they are saving to purchase a home.  To recruit families, the Housing Authority of the Seminole Nation of Oklahoma offered a two-generation approach.  They worked with ONAC to host a Children’s Savings Account opening event so that the families could complete Children’s Savings Account applications for their children, participate in a financial education presentation by First United Bank, and receive the account opening information needed to open a savings account to hold funds for emergencies.  During the account-opening event, they provided a meal for the families.  Remaining financial education was provided on a one-on-one basis by First United Bank staff when the families came into the bank branches to open their family emergency savings account.  The participants were encouraged to add their own deposits to the account by following their individual savings plans.
    • Absentee Shawnee Housing Authority The purpose of their Match Savings Account program was to provide current and/or future participants in their Home Ownership/Lease to Own programs with an opportunity to open a savings account to help offset the costs of a housing emergency or emergencies that may affect their housing needs.  Ten families received $200 in match funds for their emergency savings account.

    MyFreeTaxes for the Upcoming Tax Season 

    The Oklahoma Native Assets Coalition, Inc. (ONAC) has partnered with IRS Stakeholder Partnerships, Education, and Communication (SPEC) and agreed to post a link on our website to MyFreeTaxes.com. 

    For the next tax season, if you are a filing a simple return, and have an Adjusted Gross Income (AGI) under $66,000 per tax return, you are invited to file your state and federal returns, for free, by using this MyFreeTaxes link: https://www.unitedway.org/myfreetaxes/. 

    To file your taxes on MyFreeTaxes.com, you will need the following:

    • Last year’s Adjusted Gross Income (AGI) when e-filing you must enter last year’s AGI to validate your return.  You can obtain this from last year’s tax return or through the IRS (https://www.irs.gov/individuals/electronic-filing-pin-request).  MyFreeTaxes, using H&R Block’s software, allows you to import your previous year returns from other tax preparation software.
    • W-2s for each job held in 2017 for each person in the household, this form reports your name, wages, and other tax information to the IRS.
    • 1099s showing other income (unemployment, social security, school loans, health care reimbursement, state tax refund, gambling winnings, contract work) that is reported to the IRS.
    • 1098s showing payments you’ve made (school loans, property tax).
    • Income/interest statements received for any savings account/investments.
    • Bank account numbers: a voided check or your bank or credit union's routing number and savings or checking account number for your refund to be deposited automatically into your account through direct deposit.
    • Last year's tax return (if you have it). 

    Since 2009, MyFreeTaxes has helped millions of taxpayers claim their eligible tax credits.  It saves every consumer an average of $200 on tax filing fees, and ensures they get their maximum refund.  The IRS is promoting this partnership.  

    For those wishing to file in person at a Voluntary Income Tax Assistance (VITA) site, you may search for sites near you at https://www.irs.gov.  

    Support Native Asset Building in Oklahoma

    As part of our efforts to sustain and grow the coalition, ONAC welcomes donations, sponsorships, and memberships.  For more information, please go to the donate page at www.oknativeassets.org or call Christy Finsel, ONAC Executive Director, at 405-401-7873. 

    ONAC is on Facebook 

    Please “like” us on Facebook at http://www.facebook.com/oknativeassets/.

    Thank you for your asset building efforts and support of ONAC!

  • 29 Nov 2017 1:41 PM | Christy Finsel (Administrator)

    ONAC was recently accepted as the most recent organizational partner in the 1:1 Fund. 

    Yesterday, on #GivingTuesday, ONAC supporters raised funds for 34 Children's Savings Accounts (CSAs) for Native youth in Oklahoma.  We surpassed our fundraising goal, and with the match, raised $3,419 for CSAs! 

    ONAC is very grateful to all those who were able to make a donation.  Every dollar counted!  

    The campaign was jump-started yesterday with a donation from U.S. Bancorp Community Development Corporation, with a recommendation for ONAC as recipient of that donation from the Chickasaw Nation Community Development Endeavor, LLC.  $500 of the donation was matched by the 1:1 Fund.  From there, generous individual donors gave what they could throughout the day and helped ONAC exceed our campaign goal later last night.  The 1:1 Fund match doubled all the donations. 

    If you were unable to donate yesterday, but are still interested in supporting ONAC, the coalition welcomes any year-end donations, memberships, sponsorships, or endowment support.  We have a donation page available at http://www.oknativeassets.org/donate.  

    Thank you for a great first 1:1 Fund campaign yesterday.  It was a real boost for our CSA program!  We appreciate all the assistance from the 1:1 Fund Team. 

    ONAC Board and Advisory Committee


  • 07 Nov 2017 12:32 PM | Christy Finsel (Administrator)

    ONAC Newsletter, November 2017

    ONAC Children’s Savings Account (CSA) Program Updates 

    As of November 2017, ONAC has funded 455 CSAs.  In October 2017, ONAC worked with the Housing Authority of the Peoria Tribe of Indians of Oklahoma and the Modoc Housing Authority to open accounts. ONAC is thankful to our eighteen tribal and Native nonprofit partners for all their work on this program!

    ONAC 2018 CSA Calendars for Sale

    Would you like a unique holiday gift for your colleagues, tribal members, or family?  ONAC is selling our 2018 desk calendars.  Each calendar costs $20.00.  The monthly calendar cards are enclosed in a plastic case that folds over to create a freestanding desktop calendar display.  Twelve pieces of artwork, from the CSA account-opening events with the Housing Authority of the Seminole Nation, Ponca Tribe Head Start Program, the American Indian Resource Center, Inc., and Believing in Native Generations (BLING), are included in this calendar.  At the CSA events, the youth envision assets in their lives and create artwork showing what they value: family, homes, food, jobs, education, natural resources, etc.  In the photo included with this newsletter, a ten-year old drew a college campus to show his hopes for going to college. 

    To order a calendar, please go to ONAC’s donate page on our website, at http://www.oknativeassets.org/donate.  In the “Donate Online” section of the page, please enter your name and mailing address, the amount you want charged to your credit card ($20 per calendar), and in the comment section note “calendars” and anything else you need to tell us about the order.   If you have a complicated order, please contact Christy Finsel at cfinsel@oknativeassets.org or (405) 401-7873 so she may assist you.   For those wishing to order and pay for calendars by check, please send a note with the mailing address(es) for the calendars and a check for the amount due ($20 per calendar) made out to the Oklahoma Native Assets Coalition, Inc. to the following address: Oklahoma Native Assets Coalition, Inc. Attn: Christy Finsel, 9511 Horseshoe Road, Oklahoma City, OK 73162.  Proceeds from the calendar sales help ONAC fund additional CSAs for Native youth.  Thank you for your support! 

    Mini-Grant Awardees Complete their Projects

    The Housing Authority of the Seminole Nation assisted ten families with starting an emergency savings account (as part of a matched savings account program) to help them to become more self-sufficient and move towards homeownership.   Each of the families received $200 for their account.  This grant also paid for travel expenses of three staff members of the Housing Authority of the Seminole Nation to attend Pathways Home: A Native Guide to Homeownership.  All three staff members who attended the training passed the instructor test and will be able to teach a comprehensive homebuyer education program to the families served by their housing authority (awarded $3,500). 

    The Mvskoke Loan Fund

    The Mvskoke Loan Fund purchased a “Spending Frenzy” game kit offered by First Nations Development and facilitated a “Spending Frenzy” financial education simulation for 35 Native students.  Twenty of the middle school students who participated in the simulation and attended the Eufaula Dormitory, a school established by the Muscogee (Creek) Nation in 1892, received $100 account opening deposits for emergency savings accounts.  Accounts were opened at First Family Federal Credit Union.  Students took a field trip to the credit union headquarters. To learn more about this mini-grant project, please see this video produced by Mvskoke              Media: https://youtu.be/D9sssV7REHQ (awarded $3,500). 

    Kiva Loans for Native Small Business Owners and Entrepreneurs in Tulsa

    Recently, a program lead with the Lobeck Taylor Family Foundation contacted ONAC to ask if we might send out information to our constituents about their efforts to bring Kiva to Tulsa.   For those of you working with tribal citizens in Oklahoma, who are needing loans up to $10,000 for their small business or entrepreneurship efforts, the following information may be useful.  ONAC sent this information, by email, to the families who have ONAC-funded Children’s Savings Accounts, in case they are in need of such loans.

    “The Lobeck Taylor Family Foundation has partnered with Louisville-based Access Ventures to bring international microfinancing platform Kiva to Tulsa. Kiva offers crowdfunded loans up to $10,000 to small business owners and entrepreneurs. Kiva aims to fill the critical lending gap faced by Tulsa small business owners and budding entrepreneurs who are locked out of traditional lending, and provide them with a way to demonstrate creditworthiness, build repayment histories, and eventually access traditional lending services. Kiva wants to empower you to engage in your community in a new way that will help revitalize Tulsa’s economy, and promote local job growth. 

    Kiva has been successfully implemented in major cities throughout the U.S. like Philadelphia, New York and Oakland. Since 2011, Kiva has provided over $20 million in loan volume to more than 3,000 entrepreneurs in the U.S., crowdfunded by over 100,000 individual lenders -- and now we need YOUR help in replicating this effective model in our own backyard.”

    LEND on Kiva:

    • We need our strongest partners in the Tulsa community to set an example by investing in our local entrepreneurs using the Kiva platform.
    • Choose which entrepreneurs you want to lend to by browsing small business profiles and stories in an online selection found here. Lend in increments as small as $25. 100% of your money goes into the Kiva loan.
    • It’s a loan, not a donation – you help to fund a loan, get repaid, and then can reinvest your money into a new entrepreneur. Kiva loans have a 97.1% repayment rate
    • Lending with the Kiva platform allows a personal connection to be made with your investments – follow along with your entrepreneur’s journey, and root for their success!
    • By lending, you are helping to shape the course and success of our local economy.

    BORROW on Kiva:

    • If you are an entrepreneur or small business owner that needs access to capital, you can borrow crowdfunded loans up to $10,000 at 0% interest, with no fees, minimum credit score, years of operation, or collateral. By joining the Kiva community, you gain access to over 1.6 million lenders worldwide – not just those based in Tulsa! The loans are designed to reach those locked out of traditional lending, or who are doing social good in the Tulsa community.
    • Use your Kiva capital for multiple uses – a new piece of equipment, to fund a new marketing campaign, to hire a part time contractor – the opportunities are endless to help your small business.
    • 95% of Kiva loan requests are fully fundraised, which is a rarity among crowdfunding sites.
    • Borrowers submit an application, go through a Kiva-led vetting process, and a private fundraising period (where you begin crowdfunding with family/friends), and finally the public crowdfunding period on the Kiva website. 

    BECOME A TRUSTEE for Kiva Tulsa:

    • How is Kiva able to lend based on character and not credit? Through the strength of the local trustee community! Kiva trustees agree to use their influence and connections to publicly vouch for our local entrepreneurs. While trustees cosign the platform, being a trustee is not a financial commitment. 
    • Trustees vouch for entrepreneurs’ character and creditworthiness.

    SUPPORT Kiva:

    • Do you have great ideas on how to help bring Kiva to life in Tulsa? Connect with Casey Allen, the Tulsa Kiva Lead at casey.allen@local.kiva.org.
    • Follow along and share Kiva’s social media posts on Facebook and Twitter!
    • Donate to the Kiva organization online. 

    LEARN MORE:

    MyFreeTaxes for the Upcoming Tax Season

    The Oklahoma Native Assets Coalition, Inc. (ONAC) has partnered with IRS Stakeholder Partnerships, Education, and Communication (SPEC) and agreed to post a link on our website to MyFreeTaxes.com.  

    For the next tax season, if you are a filing a simple return, and have an Adjusted Gross Income (AGI) under $66,000 per tax return, you are invited to file your state and federal returns, for free, by using this MyFreeTaxes link: https://www.unitedway.org/myfreetaxes/.

    To file your taxes on MyFreeTaxes.com, you will need the following:

    ·      Last year’s Adjusted Gross Income (AGI) when e-filing you must enter last year’s AGI to validate your return.  You can obtain this from last year’s tax return or through the IRS (https://www.irs.gov/individuals/electronic-filing-pin-request).  MyFreeTaxes, using H&R Block’s software, allows you to import your previous year returns from other tax preparation software.

    ·      W-2s for each job held in 2017 for each person in the household, this form reports your name, wages, and other tax information to the IRS.

    ·      1099s showing other income (unemployment, social security, school loans, health care reimbursement, state tax refund, gambling winnings, contract work) that is reported to the IRS.

    ·      1098s showing payments you’ve made (school loans, property tax).

    ·      1095-A if you received a tax credit from the https://www.healthcare.gov marketplace.

    ·      Income/interest statements received for any savings account/investments.

    ·      Bank account numbers: a voided check or your bank or credit union's routing number and savings or checking account number for your refund to be deposited automatically into your account through direct deposit.

    ·      Last year's tax return (if you have it). 

    Since 2009, MyFreeTaxes has helped millions of taxpayers claim their eligible tax credits.  It saves every consumer an average of $200 on tax filing fees, and ensures they get their maximum refund.  The IRS is promoting this partnership. 

    For those wishing to file in person at a Voluntary Income Tax Assistance (VITA) site, you may search for sites near you at https://www.irs.gov (under the site locator by zip code, this feature is usually available after the Martin Luther King, Jr. Holiday). 

    Please note: If you, or someone you know, have less than $48,340 ($53,930 if married filing jointly) in adjusted gross income, you may be eligible to claim the Earned Income Tax Credit (EITC).  

    Support Native Asset Building in Oklahoma

    To advance ONAC’s mission, ONAC is seeking to raise a remaining $4.75 million to fund an endowment for general operating expenses and program support.  A strong endowment would make ONAC sustainable and viable well into the future. ONAC thanks the Chickasaw Nation for their generous lead gift of $250,000 towards our endowment fund.  We are grateful to Governor Bill Anoatubby of the Chickasaw Nation for meeting with us to talk about opportunities for collaboration and for supporting this campaign.   We are excited to grow this endowment fund and we respectfully ask for your support so that we may increase Native asset building opportunities for Native families.

    What are ONAC’s hopes for the future of Native asset building?

    ONAC’s vision is that Native families will have multiple opportunities to grow their assets through participation in integrated and culturally-relevant Native asset building programs.  Our dream is that all Native youth will have Children’s Savings Accounts to help them save for their future and let them know that college is a real option for them. The coalition also would like to be able to provide more funding for asset building initiatives in the state, to tribes and Native nonprofits, to increase the numbers of sustainable asset building programs (such as financial education, matched savings accounts, credit repair/credit builder, and family emergency savings account programs).

    There is great potential for ONAC to work with constituents to help numerous Native families build their assets.  The second-largest Native population, per capita in the United States, resides in Oklahoma and is increasing (2010 Census).  Support of Native asset building programs will help Native families to concretely build assets that will lead to family financial security.

    Why is ONAC raising an endowment?

    In ONAC’s strategic plan, the coalition notes that we need funding to support and grow the nonprofit. ONAC’s leadership has worked to put in place a multi-pronged fundraising plan (individual donors, foundations, members, federal grants, corporate funds, sponsorships, etc.). The next step of that plan is to raise funds for an endowment.

    To advance ONAC’s mission, ONAC is seeking to raise $5 million to fund an endowment for general operating expenses and program support. A strong endowment would make ONAC sustainable and viable well into the future.

    As of 2016, ONAC’s annual operating budget is $251,522. Endowment funding of $5 million would allow ONAC to draw 5% a year ($250,000). With the sustainability that an endowment provides, ONAC would then continue to seek foundation and individual donor support, as well as memberships, sponsorships, and other donations to offer more Children’s Savings Accounts and asset building grants in the state, in order to better meet the demand for our coalition services.

    Endowment prospectus

    For more information about ONAC's endowment fund, please visit our website at http://oknativeassets.org and click “donate” at the top right of the page.  On that page is a link to our endowment prospectus. All endowment fund donations are fully tax deductible, as no goods or services are provided in exchange.

    Please consider making a donation to our endowment fund

    If you would like to support ONAC’s work, we ask you to please consider making a donation to ONAC’s endowment campaign.  To donate to ONAC’s endowment fund, either visit our website at http://oknativeassets.org and click “donate” at the top right of the page, or please send a check, made out to the Oklahoma Native Assets Coalition Inc., with “endowment fund” written on the memo line.  You can mail the check to the following address:

                            Oklahoma Native Assets Coalition Inc.

                            Attn: Christy Finsel, Executive Director

                            9511 Horseshoe Road

                            Oklahoma City, OK 73162

    If your organization is unable to donate to an endowment fund, please consider supporting ONAC through membership, sponsorship, or general donations.

    The challenge ONAC faces is to build a robust endowment while meeting the need for services today. While donations towards an endowment will help our coalition to be sustainable into the future, if you wish to underwrite ONAC’s programs today, we also welcome such support.  As part of our efforts to sustain and grow the coalition, ONAC welcomes donations, sponsorships, and memberships.  For more information, please go to the donate page at www.oknativeassets.org or call Christy Finsel, ONAC Executive Director, at 405-401-7873.

    ONAC is on Facebook

    Please “like” us on Facebook at http://www.facebook.com/oknativeassets/.

    Thank you for your asset building efforts and support of ONAC!

  • 07 Nov 2017 11:13 AM | Christy Finsel (Administrator)

    ONAC 2018 CSA Calendars for Sale

    Would you like a unique holiday gift for your colleagues, tribal members, or family?  ONAC is selling our 2018 desk calendars.  Each calendar costs $20.00.  The monthly calendar cards are enclosed in a plastic case that folds over to create a freestanding desktop calendar display.  Twelve pieces of artwork, from the  Children's Savings Account (CSA) events with the Housing Authority of the Seminole Nation, Ponca Tribe Head Start Program, the American Indian Resource Center, Inc., and Believing in Native Generations (BLING), are included in this calendar.   At the CSA events, the youth envision assets in their lives and create artwork showing what they value: family, homes, food, jobs, education (pictures of college), natural resources, etc.  

    To order a calendar, please go to ONAC’s donate page on our website, at http://www.oknativeassets.org/donate.  In the “Donate Online” section of the page, please enter your name and mailing address, the amount you want charged to your credit card ($20 per calendar), and in the comment section note “calendars” and anything else you need to tell us about the order.   If you have a complicated order, please contact Christy Finsel at cfinsel@oknativeassets.org so she may assist you.   Proceeds from the calendar sales help ONAC fund additional CSAs for Native youth.  Thank you for your support!


  • 30 Oct 2017 7:36 PM | Christy Finsel (Administrator)

    Recently, a program lead with the Lobeck Taylor Family Foundation contacted ONAC to ask if we might send out information to our constituents about their efforts to bring Kiva to Tulsa.   For those of you working with tribal citizens in Oklahoma, who are needing loans up to $10,000 for their small business or entrepreneurship efforts, the following information may be useful.  ONAC sent this information, by email, to the families who have ONAC-funded Children’s Savings Accounts, in case they are in need of such loans.

    “The Lobeck Taylor Family Foundation has partnered with Louisville-based Access Ventures to bring international microfinancing platform Kiva to Tulsa. Kiva offers crowdfunded loans up to $10,000 to small business owners and entrepreneurs. Kiva aims to fill the critical lending gap faced by Tulsa small business owners and budding entrepreneurs who are locked out of traditional lending, and provide them with a way to demonstrate creditworthiness, build repayment histories, and eventually access traditional lending services. Kiva wants to empower you to engage in your community in a new way that will help revitalize Tulsa’s economy, and promote local job growth. 

    Kiva has been successfully implemented in major cities throughout the U.S. like Philadelphia, New York and Oakland. Since 2011, Kiva has provided over $20 million in loan volume to more than 3,000 entrepreneurs in the U.S., crowdfunded by over 100,000 individual lenders -- and now we need YOUR help in replicating this effective model in our own backyard.”

    LEND on Kiva:

    • We need our strongest partners in the Tulsa community to set an example by investing in our local entrepreneurs using the Kiva platform.
    • Choose which entrepreneurs you want to lend to by browsing small business profiles and stories in an online selection found here. Lend in increments as small as $25. 100% of your money goes into the Kiva loan.
    • It’s a loan, not a donation – you help to fund a loan, get repaid, and then can reinvest your money into a new entrepreneur. Kiva loans have a 97.1% repayment rate
    • Lending with the Kiva platform allows a personal connection to be made with your investments – follow along with your entrepreneur’s journey, and root for their success!
    • By lending, you are helping to shape the course and success of our local economy.

    BORROW on Kiva:

    • If you are an entrepreneur or small business owner that needs access to capital, you can borrow crowdfunded loans up to $10,000 at 0% interest, with no fees, minimum credit score, years of operation, or collateral. By joining the Kiva community, you gain access to over 1.6 million lenders worldwide – not just those based in Tulsa! The loans are designed to reach those locked out of traditional lending, or who are doing social good in the Tulsa community.
    • Use your Kiva capital for multiple uses – a new piece of equipment, to fund a new marketing campaign, to hire a part time contractor – the opportunities are endless to help your small business.
    • 95% of Kiva loan requests are fully fundraised, which is a rarity among crowdfunding sites.
    • Borrowers submit an application, go through a Kiva-led vetting process, and a private fundraising period (where you begin crowdfunding with family/friends), and finally the public crowdfunding period on the Kiva website. 

    BECOME A TRUSTEE for Kiva Tulsa:

    • How is Kiva able to lend based on character and not credit? Through the strength of the local trustee community! Kiva trustees agree to use their influence and connections to publicly vouch for our local entrepreneurs. While trustees cosign the platform, being a trustee is not a financial commitment. 
    • Trustees vouch for entrepreneurs’ character and creditworthiness.

    SUPPORT Kiva:

    • Do you have great ideas on how to help bring Kiva to life in Tulsa? Connect with Casey Allen, the Tulsa Kiva Lead at casey.allen@local.kiva.org.
    • Follow along and share Kiva’s social media posts on Facebook and Twitter!
    • Donate to the Kiva organization online. 

    LEARN MORE:


  • 14 Oct 2017 3:52 PM | Christy Finsel (Administrator)

    With mini-grant funding from the Oklahoma Native Assets Coalition, Inc., the Mvskoke Loan Fund purchased a “Spending Frenzy” game kit offered by First Nations Development and facilitated a “Spending Frenzy” financial education simulation for thirty-five Native students.  Twenty of the middle school students who participated in the simulation and attend the Eufaula Dormitory, a school established by the Muscogee (Creek) Nation in 1892, will receive $100 account opening deposits for emergency savings accounts.  Accounts will be opened at First Family Federal Credit Union.  Students will take a field trip to the credit union headquarters    

    To learn more about this mini-grant project funded by ONAC, with support of the W.K. Kellogg Foundation, please see this video produced by Mvskoke Media: https://youtu.be/D9sssV7REHQ.

    Congratulations to Christopher Coburn, CEO, Mvskoke Loan Fund, and his team for their successful work on this project. 

  • 26 Jul 2017 5:25 PM | Christy Finsel (Administrator)

    ONAC Conference A Success!

    ONAC's 2017 Annual Conference was a success!  This year, with our constituents' support, ONAC hosted our most-attended conference to date.  On July 18th, 102 participants attended the conference.  Special thanks to all the conference speakers and other conference participants.  ONAC was grateful to the tribal leaders in attendance: Caddo Nation of Oklahoma Chairman Tamara Francis-Fourkiller, Governor Bill Anoatubby of the Chickasaw Nation, Wichita and Affiliated Tribes President Terri Parton, and Muscogee (Creek) Principal Chief James Floyd.  ONAC would like to thank our conference sponsors: Chickasaw Nation Community Development Endeavor, LLC, San Manuel Band of Mission Indians, Osage Casino, Publishing Concepts, LLC, AARP Oklahoma, Tovar and Wheeler Consulting, LLC, as well as our conference donor, the OKC Dodgers Baseball Foundation. 

    ONAC Has Funded 438 CSAs to Date!

    On July 19, 2017, ONAC and the Osage Nation Financial Assistance Department, located in Pawhuska, Oklahoma, met with parents to open CSAs for youth and young adults, ages 16-22, who are participating in the Osage Nation Summer Youth Employee Program, as well as accounts for siblings of the youth employees.  A total of twenty-nine accounts were opened that night.  The Osage Nation Foundation made a grant award to ONAC to fund twenty-five of those accounts for Osage youth up to age 18. The remaining accounts were funded with grant funds from First Nations Development Institute, with support of the Ford Foundation.  A follow-up account opening event will be held on July 31, 2017, for the summer youth employees.  It is anticipated that additional accounts will be opened that night.  ONAC thanks the Osage Nation Foundation, First Nations Development Institute, and the Ford Foundation, as well as the Osage Nation Financial Assistance Department and the parents and applicants who completed account applications!

    ONAC Presented About Children’s Savings Account Program at the World Indigenous Peoples Conference on Education 2017 in Toronto, Ontario

    Christy Finsel (Osage), ONAC’s Executive Director, was honored to have been selected to present a session at the World Indigenous Peoples Conference on Education (WIPCE) 2017.  The session, “Children’s Savings Accounts: An Asset Building Tool to Promote Reconciliation and Level the Asset Building Playing Field,” was held on Wednesday, July 26, 2017.  The session focused on ONAC’s Children’s Savings Account program, which is being implemented by ONAC and the coalition’s sixteen tribal and Native nonprofit partners.  ONAC shared the state of the field of Native CSAs, offered compelling research for CSAs in any community, facilitated conversation about similar savings programs, and explored ways in which attendees could offer children’s savings programs at home.  The theme of WIPCE 2017 is “A Celebration of Resilience.”  According to WIPCE coordinators, “the role and impacts of Indigenous Education in truth and reconciliation around the world is a key focus of the conference theme.  In 2015, Canada’s Truth and Reconciliation Commission issued its final report including 94 Calls to Action.  The Truth and Reconciliation movement is international.  The 2017 WIPCE conference will explore the ways in which Indigenous people around the world are interacting with similar movements and how resiliency is playing a major role in the revitalization of our diverse cultures.”  For more information about WIPCE 2017, go to http://www.wipce2017.com/about2.html.

  • 05 Jul 2017 11:03 AM | Christy Finsel (Administrator)

    ONAC Newsletter, July 2017

    ONAC Conference Scheduled for Tuesday, July 18, 2017

    Please save the date!  ONAC’s 2017 Conference will be held on Tuesday, July 18, 2017, at the Oklahoma History Center in Oklahoma City, Oklahoma.

    During the conference, we will examine the current state of Native asset building; have opportunities for peer learning; share information about Native asset building models, funding sources, partnership opportunities, research, training and technical assistance; and learn about ONAC next steps and ways to be involved in the Coalition.

    At the end of the day, we will have a networking reception and provide ONAC membership information. We invite you to participate in this interactive conference.

    This year, we are honored to hear from Chickasaw Nation Governor Bill Anoatubby, Wichita and Affiliated Tribes President Terri Parton, Muscogee (Creek) Nation Principal Chief James Floyd, Miriam Jorgensen (Research Professor and Director Native Nations Institute at the University of Arizona and Research Director of the Harvard Project on American Indian Economic Development), Gary Mottola (FINRA Investor Education Foundation), Mashell Sourjohn (AARP Oklahoma), Irving Faught (Oklahoma Securities Commission), Steven Shepelwich (Federal Reserve Bank), Nikki Pieratos (Center for Indian Country Development), Bobby Yandell (Housing Authority of the Choctaw Nation), Elijah McIntosh (Muscogee (Creek) Nation Secretary of the Nation and Commerce), Rebecca Stone (Housing Authority of the Seminole Nation), Georgia Dick and Wyman Kirk (AIRC, Inc.), Debra Echo-Hawk and Danielle Wheatley (Pawnee Nation Title VI Elderly Meals Program), Tina Pollard (Citizen Potawatomi Community Development Corporation), Michelle Tinnin (U.S. Department of Housing and Urban Development), Pam Charles (Internal Revenue Service), and Cindy Carter Renfro (U.S. Small Business Administration).   We will also have a listening session on New Market Tax Credits with Dakota Cole and board members of the Chickasaw Nation Community Development Endeavor, LLC. 

    Who should attend the conference?

    Those interested and engaged in Native asset building are encouraged to attend.  We invite Tribal leaders, Tribal program directors, Native nonprofits, Native asset building practitioners and researchers, state representatives, students, cultural advisors, policy organizations, funders, financial institutions and financial institution regulatory bodies, national asset building organizations, inter-tribal organizations, representatives from the Office of the Special Trustee for American Indians, IRS, and Administration for Children and Families, and others interested in tribal asset building in Oklahoma to attend.

    Conference Schedule:

    • 8:30 a.m. Registration and Breakfast (Doors will open at the Oklahoma History Center at 8:00 a.m.)
    • 9:00 a.m. to 5:00 p.m. Conference (During lunch, we will have a silent auction)
    • 5:00 p.m. to 6:00 p.m. Networking Reception and Membership Drive

    Registration Fee: The 2017 ONAC Conference Fee is $25.00 per registrant.  You may register and pay for the registration fee online or by check.

    To access the agenda and to register, please use this link: http://oknativeassets.org/2017-ONAC-Conference

    Hotel Room Block: Embassy Suites Hotel (Oklahoma City Downtown/Medical Center) located at 741 North Phillips Avenue, Oklahoma City, OK 73104.

    To make a reservation under the ONAC room block, call: (405) 239-3900 and ask for the room block for the Oklahoma Native Assets Coalition.

    The room block is available for July 17th at a group rate of $129.00 a night, plus tax, for a standard 2 room suite.  The room block is available until June 17, 2017 only.  If you call and find that the room block is full, please call Christy Finsel at 405-401-7873 so that we may try to increase the number of rooms.  For those also needing a room on July 18th (after the conference has ended), please call to make your reservation early and ask if they will honor the $129.00 rate for you on July 18th.

    There is a $10.00 a day parking charge at the hotel.   The hotel provides a made-to-order breakfast as part of the room change.  The hotel provides shuttle service to the Oklahoma History Center.

    Thank you to the following conference sponsors and donors: The Chickasaw Nation Community Development Endeavor, L.L.C., Osage Casino, AARP Oklahoma, Publishing Concepts, L.L.C., Tovar & Wheeler, LLC, and the OKC Dodgers Baseball Foundation.

    ONAC Children’s Savings Account (CSA) Program Updates 

    On June 15, 2017, the Eastern Shawnee Tribe of Oklahoma held a second College Savings Plan Night.  ONAC and staff from the Eastern Shawnee Tribe of Oklahoma worked with parents to open additional accounts.  A big thank you to Chief Glenna J. Wallace; the Eastern Shawnee Tribe of Oklahoma’s Grants Department (Tami Lowery and Michael Lowery); the Early Childhood Learning Center Director (Stacie Frieze) and staff; and Wellness Center Director (Ron Wallace) and staff.  They all made this event a success!  

    The Osage Nation Foundation generously awarded ONAC a grant of $2,500 to fund 25 CSAs for Osage youth served by the Osage Nation Financial Assistance Department.  ONAC is grateful to the Foundation for this funding.   In July 2017, the Osage Nation Financial Assistance Department will hold an account opening event for youth in their Summer Youth Employment Program.  

    ONAC Attends Meetings in June

    ONAC attended a day of the Oklahoma Securities Commissions’ STARS Teacher Institute in Hulbert, Oklahoma, to learn more about their program.  ONAC also attended the Sovereignty Symposium in Oklahoma City and a Children’s Development Account Conference in St. Louis, Missouri, at Washington University in St. Louis.  We appreciated the opportunity to participate in these events, share information about ONAC, and to continue to meet others interested in Native assets building efforts.

    ONAC to Present About Children’s Savings Account Program at the World Indigenous Peoples Conference on Education 2017 in Toronto, Ontario

    Christy Finsel (Osage), ONAC’s Executive Director, is honored to have been selected to present a session at the World Indigenous Peoples Conference on Education (WIPCE) 2017.  The session, “Children’s Savings Accounts: An Asset Building Tool to Promote Reconciliation and Level the Asset Building Playing Field,” will be held on Wednesday, July 26, 2017.  The session will focus on ONAC’s Children’s Savings Account program, which is being implemented by ONAC and the coalition’s sixteen tribal and Native nonprofit partners.  ONAC will share the state of the field of Native CSAs, offer compelling research for CSAs in any community, facilitate conversation about similar savings programs, and explore ways in which attendees could offer children’s savings programs at home.  The theme of WIPCE 2017 is “A Celebration of Resilience.”  According to WIPCE coordinators, “the role and impacts of Indigenous Education in truth and reconciliation around the world will be a key focus of the conference theme.  In 2015, Canada’s Truth and Reconciliation Commission issued its final report including 94 Calls to Action.  The Truth and Reconciliation movement is international.  The 2017 WIPCE conference will explore the ways in which Indigenous people around the world are interacting with similar movements and how resiliency is playing a major role in the revitalization of our diverse cultures.”  For more information about WIPCE 2017, go to http://www.wipce2017.com/about2.html.

    Kaw Nation Completed their ONAC-Funded Mini-Grant Project

    In 2016, the Kaw Nation conducted a financial education workshop for twenty Kaw Nation students between the ages of 12-17.  During the workshop, staff from Eastman National Bank and City National Bank, as well as Stephen Coit, a Fiduciary Trust Officer with the Office of Special Trustee for American Indians, presented financial education content to the Native youth participants.  Kaw students traveled from Tahlequah, Newkirk, and Ponca City, Oklahoma, as well as Augusta, Kansas, to attend the classes.  Upon completion of the classes, with ONAC mini grant funding for CSAs, the Kaw Nation provided each youth with $135 to be used to open or fund a savings account at a bank or credit union or an account held through the Oklahoma 529 College Savings Plan.  The youth had an opportunity to earn more money for their savings accounts by participating in an essay contest (the essay contest was funded by ONAC mini grant funding).   The Kaw Nation Tribal Youth Program chose the essay topic. The students were asked: How can you use the information you have obtained from the Kaw Nation ONAC Financial Workshop to reach your future financial goals?  Essay rules and applications were made available to all students at the conclusion of the workshop.  Three City National Bank employees read and selected the three winning essays.   The essay winners were awarded a total of $500 in prize money, with a $300 1st place prize, $150 2nd place prize, and a $50 3rd place prize (awarded $3,500).

    ONAC Announces Three New ONAC Mini-Grant Awardees

    In April 2017, ONAC released our third request for proposals (RFP) to fund Native asset building projects in Oklahoma.  This grant was made possible with support from the W.K. Kellogg Foundation.  We received eight excellent applications from tribal governments and tribal programs based in Oklahoma.  ONAC awarded a total of $7,000 in new mini-grant funds to three ONAC constituents, with support of the W.K. Kellogg Foundation.  An additional $500 was reallocated from a current grantee, the Native Alliance Against Violence (NAAV), to one of the new grantees, the Modoc Tribe of Oklahoma.  NAAV had a change to their project plan and was in a position to generously fund five family emergency savings accounts for the Modoc Tribe of Oklahoma from their ONAC grant funds.

    ONAC is excited to work with the three new awardees as they continue to offer Native asset building projects to those they serve.  As needed, ONAC is available to provide free training and technical assistance to the grantees as they implement their asset building programs.

    Since 2014, ONAC has funded sixteen mini-grant projects with a total of $53,000 in grant funding. 

    Below is information about the three new ONAC mini-grant awardees and their projects:

    The Modoc Tribe of Oklahoma

    The purpose of the Modoc Financial Services Savings Program is to encourage twenty tribal families to save money for emergency and long-term goals.  The program wishes to introduce these twenty families to the banking industry and help the tribal members learn how to manage             their money.  Each family will be provided with $100 for a savings account opening deposit (awarded a total of $2,000, with $1,500 from ONAC and $500 from current ONAC-funded mini-grant awardee Native Alliance Against Violence). 

    The Housing Authority of the Peoria Tribe of Indians of Oklahoma

    The purpose of their six-week Educational Financial Course, taught by an instructor from the Consumer Financial Protection Bureau Financial Coaching Program, is to educate their tenants about building financial security.  Their classes will focus on educating tenants on how to budget their monthly finances in order to live below their means so that they can save for a rainy day.  Although this may be challenging, it will empower their families to maintain independence and self-sufficiency, even in a financial emergency.  The point of this fund is to prevent their tenants from having to add to their debt in times of need.  The twenty-five families that complete at least five of the six weeks of the budgeting class will receive $100, per family, for an opening account deposit at Tulsa Teachers Credit Union.  As a follow-up, the financial coach will remain in contact with the families (every 30 to 60 days) to assist with any budgeting issues (awarded $3,500). 

    Absentee Shawnee Housing Authority

    The purpose of the Match Savings Account program will be to provide current and/or future participants in their Home Ownership/Lease to Own programs with an opportunity to open a savings account to help offset the costs of a housing emergency or emergencies that may affect their housing needs.  At least eight families will receive up to $250 in match funds, for their savings deposits, to help them grow the funds in their emergency savings account (awarded $2,000).

    Congratulations to these grantees!

    To help ONAC fund the additional applicants, and provide technical assistance to them for their projects, as well as to administer Children’s Savings Accounts for those applicants that proposed to work with youth, please consider making a donation to ONAC.  To make a donation, go to http://oknativeassets.org/donate.   Thank you for considering this request.

    ONAC Welcomes General and Endowment Donations, Sponsorships, and Memberships

    In September 2016, ONAC launched an endowment campaign.  To advance ONAC’s mission, ONAC is seeking to raise $5 million to fund an endowment for general operating expenses and program support.  A strong endowment would make ONAC sustainable and viable well into the future. ONAC thanks the Chickasaw Nation for their generous lead gift of $250,000 towards our endowment fund.  We are grateful to Governor Bill Anoatubby, of the Chickasaw Nation, for meeting with us to talk about opportunities for collaboration and for supporting this campaign.   We are excited to grow this endowment fund and we respectfully ask for your support so that we may increase Native asset building opportunities for Native families.

    What are ONAC’s hopes for the future of Native asset building?

    ONAC’s vision is that Native families will have multiple opportunities to grow their assets through participation in integrated and culturally-relevant Native asset building programs.  Our dream is that all Native youth will have Children’s Savings Accounts to help them save for their future and let them know that college is a real option for them. The coalition also would like to be able to provide more funding for asset building initiatives in the state, to tribes and Native nonprofits, to increase the numbers of

    sustainable asset building programs (such as financial education, matched savings accounts, credit repair/credit builder, and family emergency savings account programs).

    There is great potential for ONAC to work with constituents to help numerous Native families build their assets.  The second-largest Native population, per capita in the United States, resides in Oklahoma and is increasing (2010 Census).  Support of Native asset building programs will help Native families to concretely build assets that will lead to family financial security.

    Why is ONAC raising an endowment?

    In ONAC’s strategic plan, the coalition notes that we need funding to support and grow the nonprofit. ONAC’s leadership has worked to put in place a multi-pronged fundraising plan (individual donors, foundations, members, federal grants, corporate funds, sponsorships, etc.). The next step of that plan is to raise funds for an endowment.

    To advance ONAC’s mission, ONAC is seeking to raise $5 million to fund an endowment for general operating expenses and program support. A strong endowment would make ONAC sustainable and viable well into the future.

    As of 2016, ONAC’s annual operating budget is $251,522. Endowment funding of $5 million would allow ONAC to draw 5% a year ($250,000). With the sustainability that an endowment provides, ONAC would then continue to seek foundation and individual donor support, as well as memberships, sponsorships, and other donations to offer more Children’s Savings Accounts and asset building grants in the state, in order to better meet the demand for our coalition services.

    Endowment prospectus

    For more information about ONAC's endowment fund, please visit our website at http://oknativeassets.org and click “donate” at the top right of the page.  On that page is a link to our endowment prospectus. All endowment fund donations are fully tax deductible, as no goods or services are provided in exchange.

                Oklahoma Native Assets Coalition Inc.

                Attn: Christy Finsel, Executive Director

                9511 Horseshoe Road

                Oklahoma City, OK 73162

    If your organization is unable to donate to an endowment fund, please consider supporting ONAC through membership, sponsorship, or general donations.

    The challenge ONAC faces is to build a robust endowment while meeting the need for services today. While donations towards an endowment will help our coalition to be sustainable into the future, if you wish to underwrite ONAC’s programs today, we also welcome such support.  As part of our efforts to sustain and grow the coalition, ONAC welcomes donations, sponsorships, and memberships.  For more information, please go to the donate page at www.oknativeassets.org or call Christy Finsel, ONAC Executive Director, at 405-401-7873.

    ONAC is on Facebook and Twitter

    Please “like” us on Facebook at http://www.facebook.com/oknativeassets/.

    Please follow us on Twitter at http://twitter.com/oknativeassets or @oknativeassets.

    Thank you for your asset building efforts and support of ONAC!

  • 23 Jun 2017 8:15 AM | Christy Finsel (Administrator)

    ONAC thanks the Tribal Business Journal for covering this story on "Fighting Financial Distress."

    The story notes recently released research by FINRA and First Nations Development Institute, as well as the work of ONAC and our constituents to build assets in our communities. 

    To read the story, please go to http://tribalbusinessjournal.com/news/fighting-financial-distress/.




  • 20 Jun 2017 8:34 AM | Christy Finsel (Administrator)

    The Oklahoma Native Assets Coalition, Inc.

    Announces Three New ONAC Mini-Grant Awards

    June 20, 2017.  We, the Oklahoma Native Assets Coalition, Inc. (ONAC), announce that we have awarded three additional ONAC mini-grants.  Since 2014, ONAC has awarded a total of sixteen grants, totaling $53,000. 

    ONAC is a nonprofit Native asset building coalition that works with Oklahoma tribes and partners interested in establishing asset-building initiatives and programs in Native communities, for the purpose of creating greater opportunities for economic self-sufficiency of tribal citizens.

    In April 2017, ONAC released our third request for proposals (RFP) to fund Native asset building projects in Oklahoma.  This grant was made possible with support from the W.K. Kellogg Foundation.  We received eight excellent applications from tribal governments and tribal programs based in Oklahoma.  ONAC awarded a total of $7,000 in new mini-grant funds to three ONAC constituents, with support of the W.K. Kellogg Foundation.  An additional $500 was reallocated from a current grantee, the Native Alliance Against Violence (NAAV), to one of the new grantees, the Modoc Tribe of Oklahoma.  NAAV had a change to their project plan and was in a position to generously fund five family emergency savings accounts for the Modoc Tribe of Oklahoma from their ONAC grant funds.

    ONAC is excited to work with the three new awardees as they continue to offer Native asset building projects to those they serve.  As needed, ONAC is available to provide free training and technical assistance to the grantees as they implement their asset building programs.

    Below is information about the three new OANC mini-grant awardees and their projects:

    The Modoc Tribe of Oklahoma

    The purpose of the Modoc Financial Services Savings Program is to encourage twenty tribal families to save money for emergency and long-term goals.  The program wishes to introduce these twenty families to the banking industry and help the tribal members learn how to manage their money.  Each family will be provided with $100 for a savings account opening deposit (awarded a total of $2,000, with $1,500 from ONAC and $500 from current ONAC-funded mini-grant awardee Native Alliance Against Violence). 

    The Housing Authority of the Peoria Tribe of Indians of Oklahoma

    The purpose of their six-week Educational Financial Course, taught by an instructor from the Consumer Financial Protection Bureau Financial Coaching Program, is to educate their tenants about building financial security.  Their classes will focus on educating tenants on how to budget their monthly finances in order to live below their means so that they can save for a rainy day.  Although this may be challenging, it will empower their families to maintain independence and self-sufficiency, even in a financial emergency.  The point of this fund is to prevent their tenants from having to add to their debt in times of need.  The twenty-five families that complete at least five of the six weeks of the budgeting class will receive $100, per family, for an opening account deposit at Tulsa Teachers Credit Union.  As a follow-up, the financial coach will remain in contact with the families (every 30 to 60 days) to assist with any budgeting issues (awarded $3,500). 

    Absentee Shawnee Housing Authority

    The purpose of the Match Savings Account program will be to provide current and/or future participants in their Home Ownership/Lease to Own programs with an opportunity to open a savings account to help offset the costs of a housing emergency or emergencies that may affect their housing needs.  At least eight families will receive up to $250 in match funds, for their savings deposits, to help them grow the funds in their emergency savings account (awarded $2,000).

    Congratulations to these grantees!

    For more information about the Oklahoma Native Assets Coalition, Inc., please go to http://oknativeassets.org

    To help ONAC fund the additional applicants, and provide technical assistance to them for their projects, as well as to administer Children’s Savings Accounts for those applicants that proposed to work with youth, please consider making a donation to ONAC.  To make a donation, go to http://oknativeassets.org/donate.   Thank you for considering this request.

Oklahoma Native Assets Coalition 
(405) 720-0770

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