Our alumni board members, Mimi Huynh and Celia Tran, provide regular Board updates to share their thoughts about Western Chances.
This month, Celia is reporting on the main areas of interest for the organisation over the next 12 months.
This month was my second board meeting for Western Chances. I have felt very welcome, and am thrilled to be part of such a great organisation at a high level.
There are two main focuses for the organisation in the next 12 months.
Financial sustainability is important for not for profit organisations. Whilst not impacting Australia as much as other countries, the global financial crisis did impact philanthropic giving. While Western Chances has many loyal and committed supporters, funding is becoming more competitive and we will not always be able to rely on large donations from philanthropic organisations.
Over the next 12 months we are focusing on diversifying our revenue streams with a specific focus on small, individual ongoing donations.
Western Chances has for some years run their Big Dreams donation program, where individuals give as little as $10 per month to support the organisation. We currently have 70 monthly donors contributing between $10 and - $200 per month, but we would like to grow this so that we can build our sustainability.
A small monthly donation might not seem like a lot, but it really does contribute much to supporting young people to achieve their dreams. The average Western Chances yearly scholarship is less than $1000. We focus on small, impactful giving for our scholarship recipients and we support them for the long term.
The Big Dreams campaign is also particularly important as Melbourne’s west experiences significant growth resulting in greater need to support young people so they can achieve their full potential. The western metropolitan area is one of the fastest growing regions in Australia, with a large and diverse group of talented and motivated young people for whom the ability to complete their education is often dependent on support from Western Chances.
If you are interested in becoming a Big Dreams donor, you can learn more here.
Western Chances realises that the transition from study in to the workforce is not always an easy one – even for the most talented and motivated students.
As part of our newly established Alumni Community Program, Western Chances intends to focus on making that transition as easy as possible for students.
We will be doing this by providing valuable workshops such as CV writing, interview skills, leadership workshops as well as increased opportunities for recipients and alumni to mingle with Western Chances’s extensive networks and, of course, with each other.
You can read more about our Alumni Community Program.
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- The latest Western Chances Board update