A US-based non-profit is launching a new guaranteed income pilot program that will give thousands of dollars to people to use as they wish.
The Georgia Resilience & Opportunity (GRO) Fund says the Freedom Futures guaranteed income pilot program will provide a no-strings-attached monthly income of $500 for 48 months, or $24,000 for the entire period, to selected participants in the state.
Applicants for the program must be 18 to 25 years of age and must either be enrolled in high school or in a tertiary institution of learning partnering with the nonprofit. The applicant’s household income must be at or below double the federal poverty level.
Participants in the guaranteed income pilot program will also be eligible to receive investment capital on top of the $500 monthly income.
“Freedom Futures provides an investable sum of over $20,000, which can be used towards the following wealth-building purposes: homeownership, entrepreneurship, higher education, or investing in a retirement account.”
To receive the investment capital, participants will have to undertake financial education to enable them to make informed decisions. The investable sum will be handed out starting in the third year of the Freedom Futures guaranteed income pilot program.
Applications must be submitted by the end of the day on August 27th. Applicants will be required to provide various documents, including proof of identity and income. Successful applicants will be notified within weeks of the application deadline passing.
“If you are selected, you can expect to receive your first income supplement payment in September 2025.”
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