In 2022, Compass released a seven-year strategic plan to expand our high-impact model for the federal Family Self-Sufficiency (FSS) program, including piloting an opt-out model for FSS designed to increase access to the program by automatically enrolling eligible families. This model takes inspiration from the success of the approach with increasing participation rates in employer-sponsored retirement plans.
In 2024, Compass will partner with a large public housing authority to implement and test an opt-out pilot. Residents will automatically be eligible to build monthly savings as their earned income increases and have the option to work one-on-one with a Compass financial coach to set and reach their financial goals. Residents have the choice to opt out of the program.
Compass seeks a firm to create and carry out a comprehensive client marketing and engagement plan for this pilot. More details can be found in the full RFP.
This request will remain open until filled. Interested parties are asked to submit responses by May 31, 2024. Please submit proposals or questions to jstuart@compassworkingcapital.org.
As a reflection of our mission and the clients we partner with, Compass is committed to prioritizing vendors with at least 51% ownership and/or leadership with people who identify as:
Black women
Latinx women
Black
Latinx
Priority will also be given to firms with experience in elevating the profile and brand of nonprofit organizations, especially those with a focus on poverty and the racial and gender wealth divides.