Following the launch of the Future Leaders in Philanthropy Project last month, the twenty selected participants enjoyed a Welcome Reception and Project Briefing last night in the offices of Credit Suisse.
During the reception, Moe Cohen of The Bonita Trust provided an overview of what was expected of the participants in their Charity Research Project, and Alan Sene of Credit Suisse explained how the virtual investment portfolio would work, and introduced the mentors for the FLIP project.
Once the formal proceedings were over, the participants enjoyed drinks and canapés, and received their Welcome Packs and a Welcome Gift to congratulate them on their selection – an IPOD Nano. Each participant will now be invited to choose a local charity to receive a £250 donation, and will each receive £500 into their personal investment, which will run for the 3-year project.
The students’ first individual assignment will involve them researching the management, operations and fundraising activities of a locally-based charity and comparing and contrasting them to those of a similar international charity, with a view to suggesting areas where they could learn from each other. This is due to be completed by the end of July of this year.
Moe Cohen encouraged the local charities to assist the students as much as possible, for their benefit and that of the community at large.
The first year will also see the launch of the virtual charity investment portfolios, where students will be divided up into groups and will have to decide how and where to invest their virtual funds, with support and guidance from their Credit Suisse mentors. They will learn about various investment vehicles along the way, and will be in competition with the other groups to see who can manage their money most successfully.
Ros Astengo, the FLIP Project Manager, together with Credit Suisse and The Bonita Trust would like to take this opportunity to thank all the students who applied for the project, those who attended the interviews, the schools and the Department of Education.