Much of the research on orphan and vulnerable children in sub-Saharan Africa has focused on their risks and vulnerabilities. This article describes the "funds of knowledge" (Moll and Greenberg, 1990) and means of acquiring new knowledge of children living in child-headed households in Uganda's Rakai District. Using ethnographic methods, the authors documented the experiences and activities of children in five rural home contexts. They advance the view of children as resourceful, competent, and knowledgeable, highlighting their ability to build on, utilize, and acquire new funds of knowledge while simultaneously recognizing their conditions of extreme adversity. The authors' aim is to expand and strengthen the current knowledge base on children living in child-headed households by providing a more nuanced understanding of the relationship between children's risks and capabilities. (Contains 4 notes and 3 figures.)