To combat “a Bermuda triangle of deprivation” three decades ago, he partnered with, for instance, United Jersey Bank’s Joe Semrod to transform the “worst public housing I have ever seen in my life” into what now looks like private condos. But he might also partner with current and former gang leaders to muster support for community change.
Three requirements for successful partnerships:
- Partnerships must be relational not just transactional. It’s not just writing checks. Without spending extra money, a hospital can move its health screening facilities to a needy community. Police offers can visit schools. People can tutor other people’s children.
- Partnerships must be horizontal. Those with money should trust the knowledge and talent that are in the community. For instance, a Thanksgiving turkey giveaway went awry because the people standing in line were just reselling the food. The ‘respectable’ church ladies needed to consult with those less ‘respectable’ to get their charity to the right people.
- Partnerships must be sustainable, not seasonal. “As political seasons change, there go our projects. The government can fix a street but it can’t fix a broken heart. We are nurtured by the neighborhood we build. We need to focus on what it takes to build each other up.”
Helping people to live within their means is an important part of ministry, says Soaries, who believes that churches should teach people how to budget. He learned the hard way. As a young man he was a big spender, buying a Cadillac because he assumed preachers drove expensive cars and spending for expensive clothes. “I had more money on my back then I had in my bank account.”
Don’t blame government for the legacy of poverty, he says. “We could raise the minimum wage to $200 an hour and some people will still be broke.” Instead, switch from premium cable to basic cable and use the extra $75 for a life insurance policy. “Then you will close the gap for your children.”
Ken Kamen of Mercadian asked how to help people change their spending ways. “We live in a culture of entitlement that thinks fantasy and reality are twins,” Soaries said. In the first three chapters of his book, Breaking Free from Financial Slavery, “I trick people into confessing that they have a problem.”
At my table, eager to hear Soaries tell about partnerships, were life coach Tamarra Causley Robinson, Victoria Hurley-Schubert of CMA (thanks for the photo, Vikki), and LaToya Norman, of the Susan G. Komen CSNJ staff. Also at the lunch were members of my faith community, Princeton United Methodist Church, Iona Harding and Ida Cahill.
Among those accompanying Soaries was the former Princeton University communications director, Lauren Robinson Brown, now known as Lauren Ugorji, who has just launched her practice, Smooth Stone Consulting.
Phil Slater of Omega Financial Services , a new chamber member at the Carnegie Center, revealed his company might be hiring loan processors.
And I was delighted to introduce Audrey Yeager, new on the staff of the Princeton Symphony, to Chip Jerry, brother of the late Philip Jerry, — a Joffrey Ballet star who spent part of his career at American Repertory Ballet/Princeton Ballet School — where Audrey studied when as a student at Rider. It was a serendipitous way to welcome her to Princeton’s business community.
Rich Rein (Princeton, Class of ’69) will speak at the Princeton
