Economic Legacy – Iota Gamma Omega Chapter

Target 3: Building Your Economic Legacy

The Iota Gamma Omega Chapter of Alpha Kappa Alpha Sorority Incorporated, emphasizes financial planning, asset accumulation, and wealth building including savings and investments, managing debt, and improving credit. We provide on-site or virtual events to educate the local community on the importance of building generational wealth and supporting black businesses. Our partnerships with professionals in various wealth building disciplines have proven to be of value to all who attend the events.

Personal Financial Planning and Asset Accumulation

Financial Freedom Legacy Workshops are conducted in partnership with professionals who share information on saving, investing, and retirement planning. We provide training to community residents on ways to perform financial assessments to achieve their financial goals.

We partner with Prince George’s Creating Assets, Savings and Hope Campaign (PG CASH), a coalition to increase wealth-building opportunities, access financial education, and banking and savings opportunities.
We partner with Operation Hope which is a non-profit with an award-winning model of community empowerment. Operation Hope serves adults and youth by providing financial programs and coaching to equip them with financial knowledge and tools to secure a successful financial future. The Iota Gamma Chapter of Alpha Kappa Alpha Sorority Incorporated collaborates with this wonderful organization to provide expert training at no cost to the community.
We partner with HBCU For Life and provide books and financial literacy workshops to identified Bowie State University students.

Credit Repair and Monitoring

Our focus is on helping the local community understand, repair, and improve their credit scores. This includes providing information on how to check for inaccurate or outdated information in credit reports and protect against identity theft and unauthorized credit use. In collaboration with Operation Hope, we provide workshops, webinars and one-on-one training to the community and persons in need.

Entrepreneurship and the Black Dollar 365

We highlight and promote spending with African American-owned businesses with an aim towards spawning new entrepreneurial ventures in our communities by encouraging intentional support and leveraging the power of the black dollar 365 days a year.

We encourage entrepreneurship and patronize African American-owned businesses and track members of the chapter’s spending with such enterprises.
In 2021, we tracked over $3,003,832 in member spending with African American-owned businesses.
We identify entrepreneurs and small businesses to partner with and facilitate webinars for the public.

Operation AKA Assist

This initiative focuses on implementing programs to assist those in need in various communities by directing attention to the plight of the homeless, including homeless children, and homeless veterans. We partner with a shelter, transitional homes and organizations that provide assistance to these needy populations.

We identified a shelter liaison and maintain an ongoing partnership with two partner
shelters: Shepherd’s Cove and Community Crisis Services, Inc.
We provide workshops for parents.
We provide furnishings for housing units for persons transitioning from shelters to permanent housing.
We sponsor a Christmas Angel Tree Event for adopted families and children in shelters.
We sponsor fundraisers to contribute to the Capital Area Food Bank.
We sponsor a two-week computer camp for our adopted children.
We implemented an Adopted Family Program, which included 20 children, 1 grandparent-headed family, 1 foster parent headed family, 1 adopted parent family and 3 single parent head of household families.
We donate food to local food pantries, including Bowie Interfaith Food Pantry and Oxon Hill Food Pantry.
We advocate for the homeless through quarterly articles directed at the plight of the homeless.
We supported 16,174 persons through our programs and activities in 2021.

Please contact us to learn more about this program.