California Community Partnership for the Prevention of Financial Abuse

The California Community Partnership for the Prevention of Financial Abuse is a nonprofit organization dedicated to combating financial exploitation of older adults and individuals with disabilities. Established under the Employer Identification Number (EIN) 68-0454759, the organization plays a crucial role in raising awareness and providing education regarding elder financial abuse.

Mission and Objectives

The primary mission of the California Community Partnership is to protect vulnerable populations from financial scams and exploitation. The organization aims to:

• Educate older adults and their caregivers on how to identify, prevent, and report financial abuse.
• Promote community collaboration to enhance protective measures against financial exploitation.
• Provide resources and support for victims of financial fraud and abuse.

Background

Financial abuse targeting older adults has become alarmingly prevalent, with statistics indicating that nearly 1 in 10 adults aged 65 and older experience some form of elder abuse each year. This form of abuse often includes theft, fraud, and coercion, typically perpetrated by trusted individuals, including family members and caregivers. As reported, over 369,000 incidents of financial abuse are documented annually, leading to significant financial losses, estimated at around $4.8 billion in the United States[1][2].

Programs and Initiatives

The California Community Partnership implements several key programs and initiatives to fulfill its mission, including:

• Educational Workshops: The organization conducts community workshops throughout California to empower older adults and caregivers with knowledge about common scams and preventive measures. These workshops cover various fraudulent schemes such as investment fraud, romance scams, and government impersonation scams.

• Resource Distribution: The organization provides educational materials and resources designed to enhance awareness and prevention strategies against financial abuse.

• Collaboration with Local Agencies: The California Community Partnership works alongside governmental and non-profit entities, such as Adult Protective Services and local law enforcement, to create a multi-disciplinary approach that strengthens community responses to financial exploitation cases[3][4].

Advocacy and Community Impact

Through its extensive outreach and advocacy efforts, the California Community Partnership seeks to influence policy and promote legislative measures aimed at protecting vulnerable populations. By fostering partnerships and encouraging community involvement, the organization strives to create a safer environment for older adults, reducing the incidence of financial abuse across California.

Conclusion

The California Community Partnership for the Prevention of Financial Abuse serves as a vital resource in the fight against elder financial exploitation. Its commitment to education, community collaboration, and advocacy empowers individuals to recognize and combat financial scams, ultimately promoting the well-being and security of older adults.

[1] https://ad.lacounty.gov/news/community-workshops-combating-financial-scams-for-older-adults/ [2] https://justiceinaging.org/wp-content/uploads/2018/11/California-Financial-Exploitation-Guide.pdf [3] https://www.coasc.org/programs/senior-protection-program-fast/ [4] https://dfpi.ca.gov/news/insights/financial-abuse-how-banks-protect-your-money/ [5] https://www.elderfinancialprotection.org