Subscribe to News
Close Search
 
MEDIA, JOBS & RESOURCES for the COMMON GOOD
News  | 

AMP Youth Boost Project


5 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.

Staff Reporter | 5 July 2004 at 1:07 pm


0 Comments


 Print
AMP Youth Boost Project
5 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.



PB Careers
Get your biweekly dose of news, opinion and analysis to keep you up to date with what’s happening and why it matters for you, sent every Tuesday and Thursday morning.

Got a story to share?

Got a news tip or article idea for Pro Bono News? Or perhaps you would like to write an article and join a growing community of sector leaders sharing their thoughts and analysis with Pro Bono News readers? Get in touch at news@probonoaustralia.com.au or download our contributor guidelines.

Tags : Foundations,

 Print

Get more stories like this

FREE SOCIAL
SECTOR NEWS

Your email address will not be published.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



YOU MAY ALSO LIKE

How to stay motivated in your job search

Maggie Coggan

Friday, 10th July 2020 at 7:04 pm

COVID crisis forces closure of charity co-op medical clinic

Luke Michael

Friday, 10th July 2020 at 3:42 pm

It’s time to help migrants and refugees bearing the brunt of COVID-19

Ezekiel Simperingham

Thursday, 9th July 2020 at 3:21 pm

Ask Izzy gets government funding boost amid rising service demand

Luke Michael

Wednesday, 8th July 2020 at 5:39 pm

Subscribe to News
pba inverse logo
Subscribe Twitter Facebook
×

We need your help.

Since the outbreak of COVID-19, Pro Bono Australia has seen a devastating fall in advertising and less people posting on our job board, which is how we fund our free news service. You can show us that you value the work we do by making a contribution.

 Make a contribution 

You have Successfully Subscribed!