GRO Fund launches new baby bond, guaranteed income pilot program

Wages

July 28th, 2025

Amit Khanduri, the director of programs at the GRO Fund, and founding executive director Hope Wollensack stand in front of a bookshelf at WABE studios. — Amit Khanduri, the director of programs at the GRO Fund, and founding executive director Hope Wollensack were featured guests on “Closer Look.” (LaShawn Hudson/WABE)

The GRO Fund is launching Freedom Futures: Cash for Today, Capital for Tomorrow. The pilot program, which aims to address the racial wealth divide, gives selected participants $500 a month in guaranteed income and up to $40,000 in Baby Bonds for wealth-building, along with financial advising.

Applications are now open for young adults between 18 and 25 for the first-of-its-kind 4-year program.

Hope Wollensack, the founding executive director of the GRO Fund, and Amit Khanduri, the director of programs, were guests on Monday’s edition of “Closer Look.”

They talked with show host Rose Scott about the goal of the program and its application criteria and process. They also shared why they believe Freedom Futures is a pathway to democratize access to wealth.