Our vision is to create the largest sustainable charity fund in Eastern Europe that supports the development of young people. We want to grow the fund’s assets as efficiently and transparently as possible, constantly providing an overview of the fund’s growth, good deeds and investments.
Supporting the Foundation
The main supporters of the charity fund are students participating in the Southwestern Advantage summer program and alumni of the program. At the same time, we are very happy to see that there are more and more supporters who have no direct connection with Southwestern Advantage, but also want to support young people in achieving their goals.
To date, we have received 112 334 euros in donations to the fund, which is divided by country:
Charitable projects
We are open to support various charitable projects and scholarships that are in line with the foundation’s mission to help young people develop their character and skills that support the fulfillment of their dreams.
As of the end of June, we have donated a total of 19 119 euros since the beginning of 2017. This year we have distributed donations worth €4,600 already and in the fall we plan to award scholarships worth another €4,000. For this purpose, we plan to organize the Entrepreneurial Youth scholarship competitions again in Estonia, Latvia, and Lithuania. The goal of the scholarship is to recognize and support active and entrepreneurial young people. We will provide more information about the scholarships and how to apply for them at the beginning of September.
Investments
We have aimed to achieve at least 10% growth in assets every year, which would allow us to allocate 5% of the fund’s volume to the budget of various scholarships and grants every year and at the same time continue to grow the assets of the fund. In this way, the donations of the supporters will continue to do good forever. Our goal is that the fixed costs of the Foundation would be as low as possible, and as the fund grows, these costs will become more and more marginal.
As of the second quarter of 2024, the value of the fund’s assets is €100,158. The value of the fund’s assets has somewhat decreased compared to 2023, due to an 8% decline in the value of the fund’s stock portfolio and higher-than-usual expenses related to audits for the years 2022-2023. The goal is still for the value of the fund’s assets to exceed the 2023 level by the end of the year.
Investments are divided among various asset classes as follows:
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 help more people: https://swacharity.eu/en/donate/
