YouthBuild Asset Trust for Graduates
The mission of the YouthBuild Asset Trust, which was established with a $300,000 grant from the Ford Foundation in 2002, is to assist YouthBuild graduates to lift themselves out of poverty and achieve their goals of economic independence through education, career enhancement, and building assets; and to enhance their roles as leaders in their communities by providing these young leaders with resources, mentoring, and support.
In the last 16 years, the YouthBuild Asset Trust has made 734 gifts to 325 YouthBuild graduates totaling $1.2 million, which were leveraged with $4.2 million in scholarships, loans, and other funds for gift recipients. The average gift amount is about $1,600.
Here are a few examples of how the YouthBuild Asset Trust has provided support to YouthBuild graduates:
- $2,000 Helene D. Stoneman Scholarship to a graduate to assist with her bachelor’s degree at Roger Williams University.
- $1,400 gift to graduate to purchase a laptop for his classwork at Schenectady Community College.
- $1,800 to a graduate to buy the tools he needed for him to train to become a Certified Master Chef.
- $983 to a graduate who was an electrical workers apprentice to help him with his associate degree at Los Angeles Trade and Technical College.
- $736 to a graduate to pay for his fiancé’s visit to the emergency room (originally a $6,200 bill that he was able to negotiate down to the amount of the Asset Trust gift).
- $1,500 to a graduate to help her start up a home daycare business.
- $530 to a graduate to pay fines and fees in order to restore his driver’s license.