The My LA2050 Grants Challenge has recognized the Compton Pledge as one of the top ideas to transform LA. The Compton Pledge is thrilled to be one of 5 nonprofit finalists in the category CREATE: foster entrepreneurship, cultural diversity, and inclusivity. The LA2050 Grant challenge is sponsored by philanthropic partners such as the Goldhirsh Foundation and Annenberg Foundation.
Launched in December 2020 with the support and administration of the Fund for Guaranteed Income (F4GI) and the Compton Community Development Corporation (CCDC), the Compton Pledge has already disbursed $1 million to support over 1770 recipients, including dependents. A total of $9.1 million will be distributed in recurring payments over the next two years.
Compton Mayor Aja Brown announced The Compton Pledge, a landmark guaranteed income initiative that will distribute recurring, direct cash relief to approximately 800 low-income residents for two years, starting in late 2020. Among city-led guaranteed income initiatives in the United States, the Compton Pledge will be the largest pilot, and is intentionally designed to challenge the racial and economic injustice plaguing both welfare programs and economic systems. It plans to reach irregularly or informally employed residents, immigrants of varied legal status, and the formerly incarcerated.