We’ve got some big news!
We are so thrilled to announce our 5th cohort of The Magnolia Mother’s Trust (MMT), our guaranteed income program offering $1,000 per month for 12 months with no strings attached, will be launching in October. Over the past several months, we took some time to really analyze the data and feedback we have received from past cohort members and evaluations. Our commitment to being radically resident-driven means we never stop growing and never stop learning alongside our families. As their needs shift, our responses must shift too.
This year’s cohort will be our largest yet with over 100 mothers and will continue to include $1,000 deposits in 529 Children’s Savings Accounts, opportunities for community building, and goal-setting support. But we will also be adding new elements to help make the program even stronger.
For example, we have seen the importance of mental health and self-care support, like we offered through our MISS Program, and how the strengths of that program complemented the strengths of MMT. In response, we’ll be integrating the MISS Program into MMT for interested participants. We also heard families ask for more ways to build savings and education around wealth building. So we’ve created a built-in savings option that moms can opt-into and have increased our support around the 529 investment accounts and education on other wealth-building products.
The Magnolia Mother’s Trust has always been about reimagining what is possible: What’s possible when we give families cash? What’s possible when we trust families to make the best decisions for their own lives? What’s possible when we stop believing the way things have always been is the way things always have to be? Through the program itself we model what’s possible when we’re responsive to family voice and willing to try bold new ideas.