No Halo News · Sourced development
Prosperity Now selects 15 nonprofit tax-assistance providers for child-savings initiative
Prosperity Now announced the first 15-member implementation cohort for its Asset Building for Children initiative, supported by $5 million from Citi Foundation. The selected nonprofits operate IRS-sponsored Volunteer Income Tax Assistance programs and will receive grants ranging from $25,000 to $150,000, along with training, technical assistance, peer learning and evaluation support for the 2027 tax-filing season.
Status matters. This page records a sourced development, not a completed No Halo investigation. An allegation is not a finding. Dismissals, settlements, judgments, corrections and final outcomes remain distinct.
Donor relevance
Why this matters
The initiative is a meaningful service-delivery innovation that uses trusted tax-preparation programs to connect low- and moderate-income families with child-savings opportunities at a point when households are already addressing financial matters.
Attribution
Who reported or established this
Cohort membership, grant ranges and program design were announced by Prosperity Now, which attributed the initiative's financial support to Citi Foundation.
Evidence limits
What remains unverified
Implementation had not begun. No Halo has not established how many families will participate, how much money families will ultimately save, whether the model will increase educational attainment or how the $5 million will be allocated across grants and program costs.
Right of reply
Organization response
Prosperity Now said the cohort will use the preparation period to build capacity, receive evaluation support and prepare to integrate child-savings assistance into 2027 tax-season services.
Classification
How No Halo records this event
Event type: Operational Expansion. Current state: Pending. No Halo preserves the current procedural state rather than treating every mention as a finding.
Published September 17, 2026 · Last verified September 19, 2026. See an error or a later outcome? Submit a correction or right of reply.