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Opportunities Available For Native American Child Accounts

August 1, 2008  • Institute Contributor

In the summer of 2008, The Native Nations Institute for Leadership, Management, and Policy (NNI) at the University brought together a panel of leading experts to discuss the obstacles and prospects for future asset growth initiatives within Native American communities. Elena Chavez Quezada, Senior Associate at the Initiative on Financial Security, was there to explain the unique opportunity for Native American communities to implement a policy of Child Accounts of Arizona.

As more Native communities take control of their Tribal trust funds they are increasingly opting to disperse the funds amongst their members through a system of “per capita distributions.” As Chavez Quezada pointed out, Child Accounts would offer a structured financial vehicle to house the “per capita” assets until children turned 18 – and would at the same time encourage fiscal responsibility and future financial security.

To view the roundtable discussion, click here.

To read more about Child Accounts, click here.