The Foundation recognizes the importance of financial stability which is most often achieved by setting aside money for major life events like college and retirement. By exercising savings behaviors, even at a modest rate, individuals and their family members are more likely to build wealth over a lifetime and to pass along assets to the next generation.
The Foundation annually provides lower income U.S. employees with information regarding tax credits such as the earned income (EITC) and child tax credits.
The Red Tab Foundation supported a micro-enterprise loan program in the Philippines in 2000-2004. The mission of the program was to enable LS&Co. Philippines’ employees and their families to engage in viable micro-businesses in order to become more financially self-sufficient. In partnership with Philippines Business for Social Progress (PBSP) and Levi’s® Employees Credit Cooperative (LECC), the program trained a total of 193 individuals in the basics of micro-business management and business plan development. Ultimately, 91 loans were provided to LS&Co. employees and retirees. Some examples of successful ventures include home-based convenience stores, hog raising, meat and fish vending, passenger jeeps, rice retailing, and fish farming.
“I have learned how to save money for the next generation.” Workshop Participant, South Africa