The Senior Resiliency Fund (SRF) is a four-part intervention for lower income older adults to gain access to valuable information and liquid assets for savings, and to grow relationships in the community.
Over a six-month period, participants engage in bi-weekly meetings with speakers on various topics including, but not limited to, productivity and goal-setting; physical, emotional and sexual wellness; elder financial abuse and scam avoidance; and conversations with family and friends about end-of-life planning.
They also participate in one-on-one financial coaching with our Certified Financial Social Worker to set individual savings goals, manage their budget on a fixed-income, credit repair or any other financial goal they have set for themselves. Through a collaboration with the St. Louis Area Agency on Aging (SLAAA), they also complete a Benefits Check-up to ensure they are enrolled and informed about national and local programs that could help them save needed funds.
Finally, at the end of the six-month period, participants who have successfully completed the above requirements for the program receive a 2 to 1 match on their savings goal (up to $400 for $200 saved) to use for the goal they set at the beginning for whatever they choose, such as emergency savings, paying down a debt or a major car repair. This program is generously funded through the St. Louis City Senior Fund and the East Missouri Foundation.
In order to qualify, participants must be 55 or older, have an income at or below 200% FPL and reside in the City of St. Louis. Our current recruiting targets seniors living in the senior housing complexes closest to us, including St. Raymond’s, Allen Market Lane, Les Chateaux and Eads Square; but all City seniors are welcome to inquire as there may be space.