The Coca-Cola Australia Foundation (CCAF) and The Warrior Woman Foundation (TWWF) have partnered to support vulnerable young Australian women.
CCAF has supplied TWWF with a half-million-dollar grant to allow TWWF to deliver its financial literacy program to 120 young women who are risk of not finishing high school, who are leaving out-of-home care programs, or who would benefit from guidance.
Anna Dear, Board Director at CCAF, said the TWWF addresses a critical gap in financial literacy for young women who are without a safety net, providing evidence-based courses and volunteer mentors to help them build their independence.
“Through this partnership and funding the Coca-Cola Australia Foundation is proud to be helping create brighter futures for these vulnerable young women, equipping them with the skills needed to address challenges and take control of their financial futures.”
Within 12 months of young women leaving foster care in NSW, 50 per cent become unemployed, homeless, pregnant, or end up in jail. Of the 28 per cent who become pregnant, they are ten times more likely to have their child removed, perpetuating the cycle of generational trauma.
Jessica Brown, CEO of TWWF, said this funding would allow the delivery of The Young Woman Warrior program in Sydney and the Hunter and Illawarra regions.
“The program provides financial education and engages professional women as mentors to work one-on-one with mentees over six months, helping them take control of their lives through financial literacy, employability, and self-efficacy.
“We’ve seen first-hand the positive impacts of the program and are grateful to be able to bring this assistance to even more young women with the help of the Coca-Cola Australia Foundation.”
Since 2002, CCAF has donated over $19 million to charitable organisations.
To stay up to date on the latest industry headlines, sign up to the C&I e-newsletter.