Unbelievable events have taken place in the last few months: a large-scale war is taking place near us and 4 million people have fled Ukraine. We are actively looking for ways to provide targeted support for the continued education of young people affected by the crisis.
We will continue to operate in accordance with our statute, our vision is to create the biggest sustainable foundation in Eastern Europe that is run by investment principles and supports the development of the youth. We wish to grow our fund’s assets in the most effective way and as transparently as possible by giving an overview of our charitable projects and investments.
As of the end of March, we have donated a total of 10,688 euros since the beginning of 2017, out of which 1,200 euros this year. Our first good deed this year was supporting Estonian student company fair that took place in February:
Supported JA Estonian Student Company Fair with 600 €
Junior Achievement Estonian Student Company Fair 2022 took place from February 12-13 in Tallinn.
A total of 245 student companies […]
In addition to that we supported Latvian youth entrepreneurship education with 600 euros:
Supporting Bizness24h entrepreneurial promotion contest in Latvia
Our 2nd charitable project in 2022 was supporting Bizness24h – the largest annual educational entrepreneurial promotion contest in Latvia, intended for young students.
Their mission is to inspire young people to start a business and show them […]
In order to start donating to other countries, we want to raise at least 5,000 € per country. We have planned a Lithuanian charity project for the first half of 2023.
This year we plan to donate additional 2,500 euros in the form of the Greete Poderat Young Athlete Scholarship and the Taltech Development Fund Scholarship. We wish to do 3-4 good deeds a year that are based on our mission to help young people acquire knowledge and skills, and develop their character so that they can fulfill their dreams.
We have fundraised 75,771 euros worth of donations to different countries:
In addition, we have raised 3,230 euros in Estonia to support one-time charity projects. We are sincerely grateful for all the supporters and especially our month-to-month donors. Help us to do good by becoming our month-to-month donor.
In total we have invested 77,028 euros. Since 2017, the fund’s assets have generated € 12,798 in passive income, of which € 5,947 is dividend income, € 4,869 interest on co-financing projects, € 1,379 interest on bonds and € 604 interest on direct loans. In addition to passive income we have earned € 6,672 from the sale of stocks.
According to the fund’s principles, we donate 50% of the return on investments to charity and the remaining 50% is reinvested again. So your good deed will keep on doing good forever. Our wish is that the maintenance costs of the Foundation are as low as possible. The only costs of the fund are accounting, web hosting and annual review. As the fund has grown, these costs have become increasingly marginal.
Also worthy of recognition is Southwestern Advantage award trip Sizzler in Gran Canaria from January 29 to February 5 where we organized a charity day and an auction. We raised a total of 10,361 euros, part of which will be received in the 3rd quarter.
Many thanks to the organizers of the charity day Adriana Talving, Dina Tamane, Laura Gribuste, Ilona Savik, Ott-Kaarel Kõiva, Tõnis Kaasik, Santa Kupina, Jevgenija Zlonska, Elis Seeland, Oskar Orglaan, Anna Masnikova, Lisann Lumet and all the participants!
Also, big thanks to evening hosts Hardo Hansar and Ashley Carr, thanks to who made the charitable auction happen.
Even bigger thanks to the supporters and participants of the auction: Andrus Albi, Gatis Melbardis, Aleksandra Kovalova, Kristel Sildver, Iskander Ahmet, Maret Pajo, Elina Aleste, Maria Roosaare, Dustin Hillis, Oleksiy Krasnoperov, Petar Petkov, Mihkel Annilo, Nikita Vlassenkov , Hardo Hansar, Krisette Ahmet, Keili-Lea Süldre, Paula Sandra Tiks, Katre Tamm, Maris Esko, Veiko Roos, Pavel Fedorenko and Kristofer Kartau.
Southwestern Advantage Foundation’s vision is to be the biggest charitable foundation in Eastern Europe that is built on investment principles and helping young people in obtaining knowledge and developing character so they can fulfill their dreams in life. We help European youth get better entrepreneurship education and offer investment knowledge to those who do not have the opportunity. We are working to reduce and prevent poverty.
We only donate money from the fund’s passive income by directing 50% of the return to charity and 50% back to the fund. That is how your good deed will remain giving forever.
Help us do good: https://swacharity.eu/en/donate/
