We are building a coalition of partners committed to using the power of data to radically and continuously enhance our efforts to improve the financial health of all people in America, particularly people of color and women.

Houston, we have a (big) problem

We have staggeringly poor financial health and enormous economic inequality in America. It’s worse for many people of color and women. At Magnolia, we believe that this is an existential crisis that can challenge our social compact, but also one that presents an enormous economic opportunity. For all.

A few highlights below:

  • The percentage of Americans who cannot handle a $400 emergency without borrowing

  • The percentage of American households that do not have a retirement account

  • The amount of wealth held by the top 10% compared to the bottom 50%

  • The ratio of the average household income among Blacks compared to Whites

  • The ratio of the average household wealth among Blacks compared to Whites

  • The percentage of individuals with greater than $200,000 in annual income who have cried over money in the last year

 

Partnerships

We welcome a wide variety of partners. You may be a company, a philanthropy, or an individual invested in improving people’s incomes, their ability to withstand small and large shocks, their credit or retirement readiness. In other words, if you are directly working with clients or are funding organizations that help individuals working on any aspect of an individual’s financial health, please reach out to us. Let us learn and build this coalition together.

Send us an email below to inquire.

Meet our Leadership Team

Vibhat Nair

CEO

 

Board of Directors

Steve is a partner in the Ernst & Young Philadelphia office with over 28 years providing assurance and advisory services in the energy, industrial gas, and financial services industries, focused on accounting, internal control, risk management, regulatory compliance, and business performance improvement. He serves as a partner on various energy clients throughout the United States, including regulated and unregulated power companies, regulated natural gas distribution companies, natural gas midstream entities, and propane distribution companies. Steve also leads various initiatives within the firm regarding both audit quality and the expansion of the firm’s energy practice.

He earned his Bachelor of Science from Drexel University and is a member of the American Institute of Certified Public Accountants (AICPA) and the Pennsylvania Institute of Certified Public Accountants (PICPA). Steve was the founding Board Chair for an innovative school for high-risk youth in Philadelphia, and also serves on the board of the nonprofit Children’s Rights.


Steve Wanner

Anastasiya Ghosh is an expert in consumer judgment and decision-making, focusing on the financial industry, online retail, and healthcare. She collaborates with industry and non-profit partners to design behavioral and choice architecture interventions to improve stakeholders' outcomes and well-being.

Anastasiya's work has been published in leading academic journals and featured in the popular press. She has received awards for research, teaching, mentorship, and leadership. She received her Ph.D. in Marketing from Yale University and M.A. in Advertising from University of Texas at Austin.

Anastasiya Ghosh

As a managing director in Ernst & Young’s  Family Enterprise Business Services practice, Jim focuses on effective governance, strategic planning, performance management, organizational alignment and revenue acceleration. He is a leader in business governance, growth and development of multigenerational family enterprises. 

Jim authored the book, The Next Level: Essential Strategies for Breakthrough Growth (Perseus Press, 2000). He was previously Senior Vice President and Chief Strategy Officer for The Clemens Family Corporation (CFC), a leading food/agribusiness firm. Jim has served on various family-owned and publicly traded company boards of directors. 

He earned his MBA from the S.C. Johnson Graduate School of Management at Cornell University, a Master of Science from Northeastern University and a bachelor’s degree from The State University of New York at Potsdam.


James Wood

John Thompson is the Vice President for Financial Services Products at H&R Block. Prior to joining H&R Block, Thompson was the Chief Program Officer of Financial Health Network where he conceived and created a startup venture, Attune, that enables organizations to understand the financial health needs of their customers and employees.

John holds a degree in Computer Science from the University of Kansas and has worked at the intersection of technology, finance, and inclusion his entire career. Outside of work, he’s a music creator and sports lover. He lives in Kansas City with his wife Janette, their children Darby, Lillian, and Holland.


John Thompson

Join the coalition, get in touch with us:

vibhat.nair@magnoliaimpact.org

Mailing address:

Magnolia Impact Solutions
1500 Chestnut St. #1161
Philadelphia PA 19102

 

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