About the Fund
The Beverly Haughton IRA Partnership Fund, housed within the Tacoma Education Dream Fund, is a community-powered fund inviting individuals, businesses, and community partners to contribute in support of Futures 253. Inspired by Beverly Haughton’s belief in the value of work, self-sufficiency, and long-term investing, the Fund expands access to early wealth-building opportunities for students and creates pathways to financial security for future generations.
FUND PRIORTIES
- Provide $100,000 in student incentive grants annually
- Build a permanent endowment to ensure long-term sustainability
- Expand access to more students
- Enhance incentives to strengthen long-term investment behavior
ENDOWMENT GOAL
Why an Endowment
Building a permanent endowment ensures that Futures 253 can support students not just today, but for generations to come. Once annual program funding is met, additional contributions are directed toward building the endowment, creating a lasting source of investment that will sustain and grow the program into perpetuity.
Beverly Haughton
Beverly Haughton (née Bacon) was born in February 1929 at the onset of the Great Depression. After losing her mother at the age of three, she was raised by her father, who managed to maintain steady employment despite the difficult economic era and widespread unemployment. His example shaped her deep appreciation for hard work, self-sufficiency, and financial security.
Beverly went on to attend nursing school in San Francisco, where she met her husband, Ken Haughton. Together, they raised three sons and eventually welcomed eight grandchildren into their family. Through Ken’s successful career in engineering and Beverly’s in nursing, they achieved the financial success and stability that Beverly sought after.
As her grandchildren reached high school, Beverly looked for a meaningful way to pass on not only financial support, but also the values that had shaped her life. She created a simple yet powerful incentive: for every grandchild who worked and earned a W-2, she would contribute to an Individual Retirement Account (IRA) in their name. This approach encouraged self-sufficiency, reinforced the dignity of work, and introduced her grandchildren to the fundamentals of saving and long-term investing.
Today, the Beverly Haughton IRA Partnership Fund continues her vision. By incentivizing students to earn income and contribute to an IRA, the fund promotes financial literacy, long-term wealth building, and the development of productive, engaged citizens.
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