- Poverty: 30 percent of children living in the district live below the poverty line. A contributor is the growing number of children growing up in single-mother households, which increases the likelihood of poverty and higher risks to health and development.
- Drop-out rate: An alarming number of youth have dropped out of the educational system. In 2010 alone, more than 43,000 youth between the ages of 5 and 19 were not enrolled in school in the National Capital Region. These youth face significantly limited economic opportunities and pose an enormous cost to society in terms of lost earnings.
- Increased number of immigrant children: The influx of immigrant children in communities, many with limited proficiency in English, requires additional resources and services to help youth achieve educational and economic success. Many of these learners – the newest wave disproportionately young - will have fewer educational and career prospects without support.
- Housing and transportation: These costs in the region are among the highest in the nation, adding to the struggles of low-income families and hindering the expansion of economic opportunities for individuals, families and communities.
- Unemployment and stifled economic growth: The 14,000 youth ages 16 to 19 across the area who currently do not attend school and are not employed could cost the region an estimated $13 billion over their lifetime in lost tax and economic contributions, as well as their use of social services.
Capital One Bank is dedicated to enhancing the well-being of individuals and families in the local communities it serves. Through an integrated initiative called “Investing for Good,” Capital One Bank focuses community involvement activities in four areas that are important building blocks of economic opportunity: affordable housing, small business and workforce development, financial literacy and education.The report, “Capital Kids: Shared Responsibility, Shared Future ,” can be found at www.capitalkidsreport.org. About Capital One Capital One Financial Corporation, headquartered in McLean, Virginia, is a Fortune 500 company with approximately 1,000 branch locations primarily in New York, New Jersey, Texas, Louisiana, Maryland, Virginia, and the District of Columbia. Its subsidiaries, Capital One, N.A., Capital One Bank (USA), N. A., and ING Bank, fsb, offer a broad spectrum of financial products and services to consumers, small businesses and commercial clients. We apply the same principles of innovation, collaboration and empowerment in our commitment to our communities across the country that we do in our business. We recognize that helping to build strong and healthy communities - good places to work, good places to do business and good places to raise families - benefits us all and we are proud to support this and other community initiatives. About Venture Philanthropy Partners Venture Philanthropy Partners makes the future brighter for youth living in the National Capital Region by tackling the largest barriers to their success and forging partnerships that bring the expertise, passion and reach necessary to achieve life-changing results. Over the past 12 years, VPP has raised over $90 million to help children and youth of low-income families in the National Capital Region access quality education, health care and career training – setting them on the right path to learn, graduate, and become successful, healthy adults. This funding, coupled with our management expertise and support in strengthening staff leadership, has increased the capacity of local nonprofits to help them serve over 40,000 children and youth across the region each year. For more information, visit www.vppartners.org.