Hispanics & Latinos in Austin earn $28,102 less than their white neighbors (median household income).
Since 2017, Hispanic Impact Fund investors have granted $655,000 to local nonprofit programs that focus on advancing the health and economic well being of Hispanic Central Texas so all of our families and communities can thrive. Since the start of the pandemic alone, the Fund has released $295,000, with an eye to more equitable grantmaking practices, to meet the current, urgent, and evolving needs of our community.
WHY WE NEED TO TAKE ACTION
The ongoing impact of COVID-19
Before the pandemic hit our region, 60% of Central Texas Latinos were considered to be living in liquid asset poverty, or the inability to weather a financial crisis for three months or more. Here we are, 12 months later, and the pandemic and associated economic hardships are not over yet. Many Latinos have had to work in public most of the pandemic – paving the way for our region’s recovery but also putting their health and safety at odds with their economic security. As the hardest hit racial demographic in Central Texas, representing nearly 50% of the deaths and hospitalizations due to COVID-19, Latinos will need much assistance in achieving economic stability and prosperity once this crisis is over.
Supporting the nonprofits that serve the Latino families in our community is vital to ensuring that the opportunity gap facing Latinos doesn’t widen further in this crisis.
The resources we allocate now must align with our vision for the future: a fairer, more equitable Central Texas where everyone can thrive. Our response will only be effective if it includes the places and the people left out by our current systems. To get this right, everything we do now must take into account the economic, social and health issues our communities were facing before the pandemic.
When Hispanics Rise, Austin Rises.
2017 status report on Hispanic families in Central Texas.
How the Hispanic Impact Fund makes a difference:
A child who is prepared for kindergarten is four to five times more likely to pass state assessments by the 3rd grade. By focusing on the youngest children in our community, we can improve educational outcomes for years to come.
HEALTH & WELLNESS
Along with access to affordable health care, when armed with accurate and culturally competent information about healthy habits, Hispanics have significantly improved health outcomes.
JOB SKILLS & ENTREPRENEURSHIP
Access to capital and workforce development training to combat the wages of unskilled labor are vital Latino entrepreneurs and families looking to be part of the economic success Austin has come to be known for.