Share IDA Program

Our Individual Development Accounts program has 70 current savers, with 17 asset purchases in 2014.

Saving money for future needs can be difficult for people struggling to keep up with daily living expenses and current bills. While there are many helpful programs that put food on the table or cover immediate needs, they don’t move people out of poverty – but Share’s Individual Development Account (IDA) Program can help.

What is an Individual Development Account (IDA)?

IDAs are bank savings accounts for a future asset. Participants, over the course of two years, will save up to $1,000 to be used as a down payment on the purchase of a home, to start a business, or to pursue higher education. The program provides a 4:1 match to put toward these assets. And asset accumulation can help people move out of poverty.

(Note: Federal funds for the IDA Program are received from Assets for Independence (AFI) and local County dollars via a grant from the Clark County Dept. of Community Services.)

How the program works:

  • To qualify for the program, applicants must have earned income sufficient to make monthly deposits. Earned income must be 200% of the Federal Poverty Level or below: 2017 Federal Poverty Guidelines
  • Applicants who meet income requirements agree to deposit a certain amount of money every month in a restricted savings account. For every dollar the participant deposits, Share will match their deposit with one or two dollars dependent upon their asset choice.
  • Participants must make consistent monthly deposits, for at least six months or for up to two years, in order to complete the program. For a 4:1 match, you can put this savings and match, totaling $5,000, towards a home, small business, or secondary education.
  • Personal Financial Education seminar attendance and asset-specific education is required for program completion.

Share’s Individual Development Accounts (IDA) Program Overview

Click here if you are interested in applying to Share’s IDA Program.

To see if the IDA Program is right for you, contact: Nefty Vargas, IDA Program Coordinator, (360) 952-8204 or

Share and Clark College Foundation have partnered to provide an 8:1 savings match for students who qualify for the Share IDA Program.

Students agree to save $500 and will be matched $4,000 for tuition, books, and fees that will be paid directly to Clark College. To qualify for up to $4,000 of matched funds students must also agree to the following:

  •  Meet Share’s IDA Program income requirements and must agree to the program terms and conditions.  Details can be found at:
  • Attend Clark College at least part-time
  • Maintain a 2.0 GPA or higher during course of study at Clark College
  • Deposit $25 or more on a monthly basis into restricted savings account
  • Visit academic advisor prior to first disbursement
  • Enroll in College 101 at Clark College during first quarter of study
  • Not be absent for more than one quarter of study from Clark College
  • After six months of consecutive deposits, student must agree to Share’s matched funds disbursement schedule.

Share Education IDA Program Details

Each quarter:  Student’s deposits + matching funds at 8:1 but no greater than $1,125

Call the IDA Coordinator at (360) 836-2014 or e-mail to start the process today!

Click here if you are interested in applying to Share’s IDA Program and you plan to attend Clark College.

Additional program restrictions apply.

A grant from Assets for Independence (AFI), a program of the U.S. Department of Health and Human Services, funds approximately 50 percent ($500,000) of costs for Share’s IDA program. The remaining 50% ($500,000) is funded through non-Federal sources. Visit the AFI Resource Center website to learn more about the program and about helping families to build assets:

A five-year, $300,000 grant from Assets for Independence (AFI), a program of the U.S. Department of Health and Human Services, will fund this Clark College Foundation partnership through Share’s IDA Program.

The Clark County Asset Building Coalition

The Clark County Asset Building Coalition is a group of non-profit organizations, private market financial institutions and local government agencies in Clark County dedicated to financially preparing people to succeed by offering education and tools for the purpose of building assets. The coalition is currently coordinated by Metropolitan Family Services.