{"id":3170,"date":"2024-10-01T02:18:26","date_gmt":"2024-09-30T23:18:26","guid":{"rendered":"https:\/\/swacharity.eu\/?p=3170"},"modified":"2024-10-22T02:23:58","modified_gmt":"2024-10-21T23:23:58","slug":"foundation-overview-3rd-quarter-of-2024","status":"publish","type":"post","link":"https:\/\/swacharity.eu\/en\/foundation-overview-3rd-quarter-of-2024\/","title":{"rendered":"Foundation overview: 3rd quarter of 2024"},"content":{"rendered":"<p><div class=\"fusion-fullwidth fullwidth-box fusion-builder-row-1 nonhundred-percent-fullwidth non-hundred-percent-height-scrolling\" style=\"--awb-border-radius-top-left:0px;--awb-border-radius-top-right:0px;--awb-border-radius-bottom-right:0px;--awb-border-radius-bottom-left:0px;--awb-flex-wrap:wrap;\" ><div class=\"fusion-builder-row fusion-row\"><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-0 fusion_builder_column_1_1 1_1 fusion-one-full fusion-column-first fusion-column-last\" style=\"--awb-bg-size:cover;--awb-margin-bottom:0px;\"><div class=\"fusion-column-wrapper fusion-flex-column-wrapper-legacy\"><div class=\"fusion-text fusion-text-1\"><p style=\"text-align: justify;\">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&#8217;s assets as efficiently and transparently as possible, constantly providing an overview of the fund&#8217;s growth, good deeds and investments.<\/p>\n<\/div><div class=\"fusion-text fusion-text-2\"><hr \/>\n<p><strong>Supporting the Foundation<\/strong><\/p>\n<p style=\"text-align: justify;\">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.<\/p>\n<p>To date, we have received <strong>120 787 euros<\/strong> in donations to the fund, which is divided by country:<\/p>\n<div class=\"visualizer-front-container\" id=\"chart_wrapper_visualizer-3163-1392539757\"><style type=\"text\/css\" name=\"visualizer-custom-css\" id=\"customcss-visualizer-3163\">.locker,.locker-loader{position:absolute;top:0;left:0;width:100%;height:100%}.locker{z-index:1000;opacity:.8;background-color:#fff;-ms-filter:\"progid:DXImageTransform.Microsoft.Alpha(Opacity=80)\";filter:alpha(opacity=80)}.locker-loader{z-index:1001;background:url(https:\/\/swacharity.eu\/wp-content\/plugins\/visualizer\/images\/ajax-loader.gif) no-repeat center center}.dt-button{display:none!important}.visualizer-front-container.visualizer-lazy-render{content-visibility: auto;}.google-visualization-controls-categoryfilter label.google-visualization-controls-label {vertical-align: middle;}.google-visualization-controls-categoryfilter li.goog-inline-block {margin: 0 0.2em;}.google-visualization-controls-categoryfilter li {padding: 0 0.2em;}.visualizer-front-container .dataTables_scrollHeadInner{margin: 0 auto;}<\/style><div id=\"visualizer-3163-1392539757\" class=\"visualizer-front  visualizer-front-3163\"><\/div><!-- Not showing structured data for chart 3163 because description is empty --><\/div>\n<p style=\"text-align: center;\"><span style=\"color: #3366ff;\"><a style=\"color: #3366ff;\" href=\"https:\/\/swacharity.eu\/en\/donate\/\"><strong>Help us in our mission by becoming a supporter<\/strong><\/a><\/span><\/p>\n<\/div><div class=\"fusion-text fusion-text-3\"><hr \/>\n<p><strong>Charitable projects<\/strong><\/p>\n<p style=\"text-align: justify;\">We are open to support various charitable projects and scholarships that are in line with the foundation&#8217;s mission to help young people develop their character and skills that support the fulfillment of their dreams.<\/p>\n<p style=\"text-align: justify;\">As of the end of September, we have donated a total of <strong>19 119 \u20ac<\/strong> since the beginning of 2017. This year, we have made donations amounting to 4 600 \u20ac. Considering the ongoing charitable projects, this is certainly shaping up to be a record year in terms of donation volume.<\/p>\n<p style=\"text-align: justify;\">In the fall, we plan to award scholarships worth an additional 4 000 \u20ac. We plan to once again organize the Entrepreneurial Youth Scholarship competitions in Estonia, Latvia, and Lithuania. The purpose of the scholarship is to recognize and support active and entrepreneurial young people, and this year\u2019s scholarship winners will be announced by the end of November.<\/p>\n<p style=\"text-align: justify;\">Additionally, we have decided to support the Junior Achievement project with 3 500 \u20ac to release a new economics textbook for high school students. We supported the release of the previous economics textbook in 2018 and wish to continue supporting young people in acquiring entrepreneurial and economic knowledge.<\/p>\n<\/div><div class=\"fusion-blog-shortcode fusion-blog-shortcode-1 fusion-blog-archive fusion-blog-layout-grid-wrapper fusion-blog-no\"><style type=\"text\/css\">.fusion-blog-shortcode-1 .fusion-blog-layout-grid .fusion-post-grid{padding:20px;}.fusion-blog-shortcode-1 .fusion-posts-container{margin-left: -20px !important; margin-right:-20px !important;}<\/style><div class=\"fusion-posts-container fusion-posts-container-no fusion-no-meta-info fusion-blog-rollover fusion-blog-layout-grid fusion-blog-layout-grid-3 isotope\" data-pages=\"1\" data-grid-col-space=\"40\" style=\"margin: -20px -20px 0;min-height:500px;\"><article id=\"blog-1-post-3068\" class=\"fusion-post-grid post-3068 post type-post status-publish format-standard has-post-thumbnail hentry category-blog-en category-successful-projects tag-kretelkaljumae2024-en\">\n<div class=\"fusion-post-wrapper\" style=\"background-color:rgba(255,255,255,1);border:1px solid #ebeaea;border-bottom-width:3px;\">\n\n\t\t\t<div class=\"fusion-flexslider flexslider fusion-flexslider-loading fusion-post-slideshow\" style=\"border-color:#ebeaea;\">\n\t\t<ul class=\"slides\">\n\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<li><div  class=\"fusion-image-wrapper\" aria-haspopup=\"true\">\n\t\t\t\t<img decoding=\"async\" width=\"2560\" height=\"1707\" src=\"https:\/\/swacharity.eu\/wp-content\/uploads\/2024\/06\/Idre_Greta_Kulvet_273-scaled.jpeg\" class=\"attachment-full size-full wp-post-image\" alt=\"\" srcset=\"https:\/\/swacharity.eu\/wp-content\/uploads\/2024\/06\/Idre_Greta_Kulvet_273-200x133.jpeg 200w, https:\/\/swacharity.eu\/wp-content\/uploads\/2024\/06\/Idre_Greta_Kulvet_273-400x267.jpeg 400w, https:\/\/swacharity.eu\/wp-content\/uploads\/2024\/06\/Idre_Greta_Kulvet_273-600x400.jpeg 600w, https:\/\/swacharity.eu\/wp-content\/uploads\/2024\/06\/Idre_Greta_Kulvet_273-800x534.jpeg 800w, https:\/\/swacharity.eu\/wp-content\/uploads\/2024\/06\/Idre_Greta_Kulvet_273-1200x800.jpeg 1200w, https:\/\/swacharity.eu\/wp-content\/uploads\/2024\/06\/Idre_Greta_Kulvet_273-scaled.jpeg 2560w\" sizes=\"(min-width: 2200px) 100vw, (min-width: 824px) 363px, (min-width: 732px) 545px, (min-width: 640px) 732px, \" \/><div class=\"fusion-rollover\">\n\t<div class=\"fusion-rollover-content\">\n\n\t\t\t\t\n\t\t\n\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\n\t\t\n\t\t\t\t\t\t<a class=\"fusion-link-wrapper\" href=\"https:\/\/swacharity.eu\/en\/greete2024\/\" aria-label=\"Greete Poderat Young Athlete Scholarship 2024 won by Kretel Kaljum\u00e4e\"><\/a>\n\t<\/div>\n<\/div>\n<\/div>\n<\/li>\n\t\t\t\n\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/ul>\n\t<\/div>\n\t<div class=\"fusion-post-content-wrapper\" style=\"padding:30px 25px 20px 25px;\"><div class=\"fusion-post-content post-content\"><h2 class=\"blog-shortcode-post-title entry-title\"><a href=\"https:\/\/swacharity.eu\/en\/greete2024\/\">Greete Poderat Young Athlete Scholarship 2024 won by Kretel Kaljum\u00e4e<\/a><\/h2><div class=\"fusion-post-content-container\"><\/div><\/div><\/div><div class=\"fusion-clearfix\"><\/div><\/div>\n<\/article>\n<article id=\"blog-1-post-2968\" class=\"fusion-post-grid post-2968 post type-post status-publish format-standard has-post-thumbnail hentry category-blog-en category-successful-projects tag-liiurb2024-en\">\n<div class=\"fusion-post-wrapper\" style=\"background-color:rgba(255,255,255,1);border:1px solid #ebeaea;border-bottom-width:3px;\">\n\n\t\t\t<div class=\"fusion-flexslider flexslider fusion-flexslider-loading fusion-post-slideshow\" style=\"border-color:#ebeaea;\">\n\t\t<ul class=\"slides\">\n\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<li><div  class=\"fusion-image-wrapper\" aria-haspopup=\"true\">\n\t\t\t\t<img decoding=\"async\" width=\"1533\" height=\"1322\" src=\"https:\/\/swacharity.eu\/wp-content\/uploads\/2024\/04\/Stipendiumi-voitja-blog.jpg\" class=\"attachment-full size-full wp-post-image\" alt=\"\" srcset=\"https:\/\/swacharity.eu\/wp-content\/uploads\/2024\/04\/Stipendiumi-voitja-blog-200x172.jpg 200w, https:\/\/swacharity.eu\/wp-content\/uploads\/2024\/04\/Stipendiumi-voitja-blog-400x345.jpg 400w, https:\/\/swacharity.eu\/wp-content\/uploads\/2024\/04\/Stipendiumi-voitja-blog-600x517.jpg 600w, https:\/\/swacharity.eu\/wp-content\/uploads\/2024\/04\/Stipendiumi-voitja-blog-800x690.jpg 800w, https:\/\/swacharity.eu\/wp-content\/uploads\/2024\/04\/Stipendiumi-voitja-blog-1200x1035.jpg 1200w, https:\/\/swacharity.eu\/wp-content\/uploads\/2024\/04\/Stipendiumi-voitja-blog.jpg 1533w\" sizes=\"(min-width: 2200px) 100vw, (min-width: 824px) 363px, (min-width: 732px) 545px, (min-width: 640px) 732px, \" \/><div class=\"fusion-rollover\">\n\t<div class=\"fusion-rollover-content\">\n\n\t\t\t\t\n\t\t\n\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\n\t\t\n\t\t\t\t\t\t<a class=\"fusion-link-wrapper\" href=\"https:\/\/swacharity.eu\/en\/esimese-southwestern-advantage-ettevotliku-noore-stipendiumi-saajaks-eestis-osutus-lii-urb\/\" aria-label=\"First Southwestern Advantage Entrepreneurial Youth Scholarship recipient in Estonia &#8211; Lii Urb\"><\/a>\n\t<\/div>\n<\/div>\n<\/div>\n<\/li>\n\t\t\t\n\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/ul>\n\t<\/div>\n\t<div class=\"fusion-post-content-wrapper\" style=\"padding:30px 25px 20px 25px;\"><div class=\"fusion-post-content post-content\"><h2 class=\"blog-shortcode-post-title entry-title\"><a href=\"https:\/\/swacharity.eu\/en\/esimese-southwestern-advantage-ettevotliku-noore-stipendiumi-saajaks-eestis-osutus-lii-urb\/\">First Southwestern Advantage Entrepreneurial Youth Scholarship recipient in Estonia &#8211; Lii Urb<\/a><\/h2><div class=\"fusion-post-content-container\"><\/div><\/div><\/div><div class=\"fusion-clearfix\"><\/div><\/div>\n<\/article>\n<article id=\"blog-1-post-3008\" class=\"fusion-post-grid post-3008 post type-post status-publish format-standard has-post-thumbnail hentry category-blog-en category-successful-projects tag-martynassimkus2024-en\">\n<div class=\"fusion-post-wrapper\" style=\"background-color:rgba(255,255,255,1);border:1px solid #ebeaea;border-bottom-width:3px;\">\n\n\t\t\t<div class=\"fusion-flexslider flexslider fusion-flexslider-loading fusion-post-slideshow\" style=\"border-color:#ebeaea;\">\n\t\t<ul class=\"slides\">\n\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<li><div  class=\"fusion-image-wrapper\" aria-haspopup=\"true\">\n\t\t\t\t<img decoding=\"async\" width=\"1440\" height=\"1086\" src=\"https:\/\/swacharity.eu\/wp-content\/uploads\/2024\/04\/Recipient.jpg\" class=\"attachment-full size-full wp-post-image\" alt=\"\" srcset=\"https:\/\/swacharity.eu\/wp-content\/uploads\/2024\/04\/Recipient-200x151.jpg 200w, https:\/\/swacharity.eu\/wp-content\/uploads\/2024\/04\/Recipient-400x302.jpg 400w, https:\/\/swacharity.eu\/wp-content\/uploads\/2024\/04\/Recipient-600x453.jpg 600w, https:\/\/swacharity.eu\/wp-content\/uploads\/2024\/04\/Recipient-800x603.jpg 800w, https:\/\/swacharity.eu\/wp-content\/uploads\/2024\/04\/Recipient-1200x905.jpg 1200w, https:\/\/swacharity.eu\/wp-content\/uploads\/2024\/04\/Recipient.jpg 1440w\" sizes=\"(min-width: 2200px) 100vw, (min-width: 824px) 363px, (min-width: 732px) 545px, (min-width: 640px) 732px, \" \/><div class=\"fusion-rollover\">\n\t<div class=\"fusion-rollover-content\">\n\n\t\t\t\t\n\t\t\n\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\n\t\t\n\t\t\t\t\t\t<a class=\"fusion-link-wrapper\" href=\"https:\/\/swacharity.eu\/en\/esimese-southwestern-advantage-ettevotliku-noore-stipendiumi-saajaks-leedus-osutus-martynas-simkus\/\" aria-label=\"The first recipient of the Southwestern Advantage Entrepreneurial Youth Scholarship in Lithuania is Martynas \u0160imkus\"><\/a>\n\t<\/div>\n<\/div>\n<\/div>\n<\/li>\n\t\t\t\n\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/ul>\n\t<\/div>\n\t<div class=\"fusion-post-content-wrapper\" style=\"padding:30px 25px 20px 25px;\"><div class=\"fusion-post-content post-content\"><h2 class=\"blog-shortcode-post-title entry-title\"><a href=\"https:\/\/swacharity.eu\/en\/esimese-southwestern-advantage-ettevotliku-noore-stipendiumi-saajaks-leedus-osutus-martynas-simkus\/\">The first recipient of the Southwestern Advantage Entrepreneurial Youth Scholarship in Lithuania is Martynas \u0160imkus<\/a><\/h2><div class=\"fusion-post-content-container\"><\/div><\/div><\/div><div class=\"fusion-clearfix\"><\/div><\/div>\n<\/article>\n<div class=\"fusion-clearfix\"><\/div><\/div><\/div><div class=\"fusion-text fusion-text-4\"><hr \/>\n<p><strong>Investments<\/strong><\/p>\n<p style=\"text-align: justify;\">We have aimed to achieve at least 10% growth in assets every year, which would allow us to allocate 5% of the fund&#8217;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.<\/p>\n<p style=\"text-align: justify;\"><strong>As of the second quarter of 2024, the value of the fund&#8217;s assets stands at 116 835 \u20ac.<\/strong> The growth in the fund&#8217;s asset value from investments has somewhat slowed in 2024, due to a 10% decline in the value of the fund&#8217;s stock portfolio compared to the end of 2023. Additionally, the growth of the fund&#8217;s asset value has been negatively impacted by higher-than-usual auditing costs and a record year in issuing grants. Despite these factors, with the help of the fund&#8217;s supporters, we have managed to grow the asset volume by 6.5% compared to the end of last year.<\/p>\n<div class=\"visualizer-front-container\" id=\"chart_wrapper_visualizer-3153-1770499977\"><style type=\"text\/css\" name=\"visualizer-custom-css\" id=\"customcss-visualizer-3153\">.locker,.locker-loader{position:absolute;top:0;left:0;width:100%;height:100%}.locker{z-index:1000;opacity:.8;background-color:#fff;-ms-filter:\"progid:DXImageTransform.Microsoft.Alpha(Opacity=80)\";filter:alpha(opacity=80)}.locker-loader{z-index:1001;background:url(https:\/\/swacharity.eu\/wp-content\/plugins\/visualizer\/images\/ajax-loader.gif) no-repeat center center}.dt-button{display:none!important}.visualizer-front-container.visualizer-lazy-render{content-visibility: auto;}.google-visualization-controls-categoryfilter label.google-visualization-controls-label {vertical-align: middle;}.google-visualization-controls-categoryfilter li.goog-inline-block {margin: 0 0.2em;}.google-visualization-controls-categoryfilter li {padding: 0 0.2em;}.visualizer-front-container .dataTables_scrollHeadInner{margin: 0 auto;}<\/style><div id=\"visualizer-3153-1770499977\" class=\"visualizer-front  visualizer-front-3153\"><\/div><!-- Not showing structured data for chart 3153 because title is empty --><\/div>\n<p>Investments are divided among various asset classes as follows:<\/p>\n<div class=\"visualizer-front-container\" id=\"chart_wrapper_visualizer-3159-1878130968\"><style type=\"text\/css\" name=\"visualizer-custom-css\" id=\"customcss-visualizer-3159\">.locker,.locker-loader{position:absolute;top:0;left:0;width:100%;height:100%}.locker{z-index:1000;opacity:.8;background-color:#fff;-ms-filter:\"progid:DXImageTransform.Microsoft.Alpha(Opacity=80)\";filter:alpha(opacity=80)}.locker-loader{z-index:1001;background:url(https:\/\/swacharity.eu\/wp-content\/plugins\/visualizer\/images\/ajax-loader.gif) no-repeat center center}.dt-button{display:none!important}.visualizer-front-container.visualizer-lazy-render{content-visibility: auto;}.google-visualization-controls-categoryfilter label.google-visualization-controls-label {vertical-align: middle;}.google-visualization-controls-categoryfilter li.goog-inline-block {margin: 0 0.2em;}.google-visualization-controls-categoryfilter li {padding: 0 0.2em;}.visualizer-front-container .dataTables_scrollHeadInner{margin: 0 auto;}<\/style><div id=\"visualizer-3159-1878130968\" class=\"visualizer-front  visualizer-front-3159\"><\/div><!-- Not showing structured data for chart 3159 because description is empty --><\/div>\n<\/div><div class=\"fusion-text fusion-text-5\"><div>\n<div>\n<p style=\"text-align: justify;\"><em>Southwestern Advantage Foundation\u2019s 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.<\/em><\/p>\n<p style=\"text-align: justify;\"><em>We only donate money from the fund\u2019s 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.<\/em><\/p>\n<\/div>\n<div>\n<p style=\"text-align: left;\"><em>Help us help more people:\u00a0<span style=\"color: #3366ff;\"><strong><a style=\"color: #3366ff;\" href=\"https:\/\/swacharity.eu\/en\/donate\/\">https:\/\/swacharity.eu\/en\/donate\/<\/a><\/strong><\/span><\/em><\/p>\n<\/div>\n<\/div>\n<div><\/div>\n<\/div><div class=\"fusion-clearfix\"><\/div><\/div><\/div><\/div><\/div><div class=\"fusion-fullwidth fullwidth-box fusion-builder-row-2 nonhundred-percent-fullwidth non-hundred-percent-height-scrolling\" style=\"--awb-border-radius-top-left:0px;--awb-border-radius-top-right:0px;--awb-border-radius-bottom-right:0px;--awb-border-radius-bottom-left:0px;--awb-flex-wrap:wrap;\" ><div class=\"fusion-builder-row fusion-row\"><\/div><\/div><\/p>\n","protected":false},"excerpt":{"rendered":"","protected":false},"author":7,"featured_media":2769,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_editorskit_title_hidden":false,"_editorskit_reading_time":0,"_editorskit_is_block_options_detached":false,"_editorskit_block_options_position":"{}","footnotes":""},"categories":[34],"tags":[],"_links":{"self":[{"href":"https:\/\/swacharity.eu\/en\/wp-json\/wp\/v2\/posts\/3170"}],"collection":[{"href":"https:\/\/swacharity.eu\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/swacharity.eu\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/swacharity.eu\/en\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/swacharity.eu\/en\/wp-json\/wp\/v2\/comments?post=3170"}],"version-history":[{"count":4,"href":"https:\/\/swacharity.eu\/en\/wp-json\/wp\/v2\/posts\/3170\/revisions"}],"predecessor-version":[{"id":3174,"href":"https:\/\/swacharity.eu\/en\/wp-json\/wp\/v2\/posts\/3170\/revisions\/3174"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/swacharity.eu\/en\/wp-json\/wp\/v2\/media\/2769"}],"wp:attachment":[{"href":"https:\/\/swacharity.eu\/en\/wp-json\/wp\/v2\/media?parent=3170"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/swacharity.eu\/en\/wp-json\/wp\/v2\/categories?post=3170"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/swacharity.eu\/en\/wp-json\/wp\/v2\/tags?post=3170"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}