Leap Fund is a financial solution that lifts people over the benefits cliff, creating a path towards self-sufficiency and financial independence. I co-founded this project during my 2018 Fellowship with Blue Ridge Labs @ Robin Hood, and we are running a 12-15 month pilot of our fund with the support of Blue Ridge Labs Catalyst incubator.
Low-income families face a “benefits cliff” as they earn more money or change their household size or status. This happens when public benefits programs phase down or out faster than income rises, leaving families worse off than before. Most families only realize they've hit this cliff after it's already happened.
We’ve created a calculator that predicts the beginning and end of personalized benefits cliffs, and are now piloting a fund that allows folks that are low income the ability to defer increased earnings to retain benefits while continuing their path to self-sufficiency.