The local endowment fund against poverty collects voluntary contributions from businesses, representing up to 2% of their net income, and allocates them to fund local projects to alleviate poverty among young people.
In participating, each business undertakes to support one or more local projects of its choice for a period of three years.
“I would encourage all local authorities to take part in this initiative, which is the only one with a long-term impact and that actually works”
Marine Jeantet, Interministerial delegate for the prevention of and fight against poverty.
The local fund was created in response to the two following issues:
–there are insufficient resources to scale up high-impact community projects in favor of underprivileged youth and roll them out comprehensively;
-despite wanting to get involved in humanitarian projects, only 1.6% of companies actually sponsor such initiatives, often due to a lack of resources and in-house expertise in the matter.
The local endowment fund against poverty addresses these two issues in just 4 steps.
Prioritising action for maximum impact
Selecting turnkey projects using several key criteria: how acute the need is, the efficiency of the solution, the scalability of the solution, and how established the organisation is
Each business commits to support one or more local projects for three years
Participating businesses are provided with half-yearly progress reports
After conducting three successful pilot projects in Nantes, Romans-sur-Isère and Béthune, which raised more than €1 million to finance over 20 initiatives and assist 10,000 young people in need, the Break Poverty Foundation is currently extending the local funds with the aim of providing aid across 50 regions to 100,000 beneficiaries by 2022.
To do this, we assist local stakeholders (local authorities, regional foundations and employer networks) set up the project, from A to Z and at no charge!
Aucun établissement dans cette région
Centre des alliés, 25200 Montbéliard
Parvis Raymond-Lory, 37301 Joué-Les-Tours
Crédit photo : Andrew Ibrahim, Unsplash.