Guide to Giving
MEDIA, JOBS & RESOURCES FOR THE COMMON GOOD
NEWS  | 

AMP Youth Boost Project


Monday, 5th July 2004 at 1:07 pm
Staff Reporter
The AMP Foundation will spend $1 million to identify and encourage innovative programs to fight youth unemployment in Australia.

Monday, 5th July 2004
at 1:07 pm
Staff Reporter


0 Comments


FREE SOCIAL
SECTOR NEWS

 Print
AMP Youth Boost Project
Monday, 5th July 2004 at 1:07 pm

The AMP Foundation will spend $1 million to identify and encourage innovative programs to fight youth unemployment in Australia.

The AMP Youth BOOST is a national initiative being run in partnership with Social Ventures Australia.

AMP Foundation commissioned research into the issue of youth unemployment and found that 21 per cent of 15-19 year olds in the labour force were unemployed. Early school leaving costs Australia $2.6 billion a year

Andrew Mohl, the Chief Executive Officer of AMP Limited says that the AMP Foundation is about helping people reach their potential, and in particular young people.

Mohl says parents, teachers, business, government need to make sure there are the right opportunities, the right motivation and the right resources to help Australia’s young people find fulfilling, sustainable, full-time jobs.

Social Ventures Australia will oversee the distribution of the AMP Youth BOOST fund and support the selected Not for Profit organisations with business mentoring and management advice.

Founding Chief Executive of SVA, Michael Traill says the funds would be shared by up to 10 Not for Profit organisations.

Traill says those under consideration will include organisations that encourage school completion or support the transition from school to work, develop and deliver best-practice mentoring programs, improve young people’s sense of connection to their schools and community and foster youth enterprise.

The AMP Youth BOOST will enable the organisations it supports to further develop existing high quality programs and to extend their reach to young Australians.

An example of the type of outstanding organisation that the AMP Youth Boost will be looking to identify and support is the Beacon Foundation.

The Beacon Foundation was one of the first social enterprises to receive funding and mentor support from Social Ventures Australia when the venture philanthropy organisation was established in 2002.

It was created in Tasmania to address the rising levels of youth unemployment in disadvantaged areas. Beacon’s No Dole program, pioneered at Brooks High School, reduced final year unemployment from 30 per cent to 15 per cent in its first year and to zero by year three.

AMP and SVA support of Beacon has contributed to the replication of this successful program in 25 school locations across Australia.

Applications should be made via the SVA website www.socialventures.com.au. The deadline for applications is Monday August 2, 2004.

Short listed organisations will be notified in September. These ventures will then be asked to attend a workshop to be held in November and present to a panel of expert judges. A funding announcement will be made in November.



Guide to Giving

FEATURED SUPPLIERS


Helping the helpers fund their mission…...

FrontStream Pty Ltd (FrontStream AsiaPacific)

NGO Recruitment is Australia’s not-for-profit sector recru...

NGO Recruitment

HLB Mann Judd is a specialist Accounting and Advisory firm t...

HLB Mann Judd

Brennan IT helps not-for-profit (NFP) organisations drive gr...

Brennan IT

More Suppliers

Tags : Foundations,

Get more stories like this

FREE SOCIAL
SECTOR NEWS

YOU MAY ALSO LIKE

Thinkers Look to Melbourne to Grow SA Purpose Economy

Wendy Williams

Thursday, 21st September 2017 at 4:44 pm

$2 Million Grant Helps Give Australians in Need A Fair Go

Wendy Williams

Thursday, 21st September 2017 at 8:35 am

NFPs Need Social Media More Than They Know

Alecia Hancock

Thursday, 21st September 2017 at 8:33 am

POPULAR

Moves to Stop Volunteering at Overseas Orphanages

Luke Michael

Wednesday, 13th September 2017 at 1:54 pm

Future Uncertain for Disability Organisations Following Funding Cuts

Wendy Williams

Tuesday, 19th September 2017 at 8:29 am

Majority of NFPs Are Not Believed to be Well-Run, According to New Survey

Luke Michael

Tuesday, 12th September 2017 at 4:14 pm

More Australians Are Giving Time Not Money

Wendy Williams

Monday, 11th September 2017 at 5:07 pm

Write a Reply or Comment

Your email address will not be published. Required fields are marked *


Guide to Giving
pba inverse logo
Subscribe Twitter Facebook

Get the social sector's most essential news coverage. Delivered free to your inbox every Tuesday and Thursday morning.

You have Successfully Subscribed!