Affiliates
Foundation for Socioeconomic Advancement
The mission of the Foundation for Socioeconomic Advancement is to help individuals, families, communities, and entire countries to fulfill their own unmet needs in adequate food, shelter, sense of belonging, self-esteem, and ultimately, self-actualization.
We believe this can be accomplished by closely tying financial capital formation and development with intellectual capital development in unique programs of education, community involvement, entrepreneurship, and business sponsorship.
Financial capital by itself can be easily squandered. When financial investments are coupled with the right planning, strategies, and implementation, enormous gains can come from very small financial investments. This progress can be measured in the number of people assisted who are in poverty and the people who have been helped out of poverty. Another set of measures surround job formation, career development, business development, and overall wealth creation of those assisted.
The Foundation for Socioeconomic Advancement tracks its activities in both short-term and long-term ways. In some cases, the payoff of activities is the immediate improvement of people's lives, while in other cases, results will come from simply planting the seeds for long-term socioeconomic progress.
SFR (Super-full-ride scholarships)
ISV provides "Super-full-ride" university scholarships for extremely bright, deserving and capable, economically challenged youth. A Super full-ride scholarship covers ALL tuition, books, fees, uniform, room and board expenses. It is a scholarship toward what could be the best business program in the country. The intent is to produce top business people for top business fields. Only those who have qualified and have successfully passed through an intensive screening process can then be considered as an Institute Scholar (IS).
These students will enter into a special program that will be heavily influenced by the Institute of Strategy & Valuation. Institute Scholars will receive the resources, content, mentoring, and job placement potential all geared to produce top-notch business leaders. The plan is to grow this into a program of thousands of scholarships over time.
OJT-Internship (On-the-Job-Training)
The Institute Scholars are given the unique opportunity to maximize their potentials through the On-the-Job Training and Internship program in concert with top Philippine firms. The interns will actually be paid, such that they will receive income while they are still in school. They will be trained to the advanced, cutting edge content in the fields of accounting, finance, marketing, statistics, and economics that are generally only available inside the world's top management consulting firms, investment firms, and corporations.
This unique business content is partnered with an exceptional mentoring program with high-potential business people already working in the field. The extended OJT-Internship program gives them a far superior education and will make them globally competitive.
Achievements and Milestones
0-6
One of the best ways to ensure the development of the youngest children in underdeveloped communities is to provide needed skills and development of the parents and older siblings.
- 100+ families in underdeveloped communities in the Philippines
- Through the child sponsorship agencies, not only is the sponsored child receiving attention and support, but in most cases, the entire family benefits
- FSA-sponsored families have received assistance including new roofing after typhoons, dishware, bedding, basic household items, and very importantly, regular visits with trained field agents
4-19
Through local and international agencies, children are provided with medical services, dental, clothing, school supplies, regular health and malnutrition screenings, feeding programs, and other essentials to keep the children healthy – and in school – to help break the cycle of poverty.
- 100+ sponsored children in the Philippines
- Children International has been one of the most successful in these programs. You can sponsor a child along with the Foundation for Socioeconomic Advancement by going here
16-24
FSA Scholar-Interns include 14 young adults who receive Super-Full Ride Scholarships and job training programs:
- Each receives full tuition benefits, fees, ongoing coaching and support, and when necessary, full room, board, commuting, clothing allowance, and other basics of getting a full education such as the creation of social networks among them
- Each FSA Scholar has committed to graduate and when gainfully employed, they each would sponsor three more FSA Scholars over the course of their careers. The first two graduate in 2010
18-24
The Foundation believes wholeheartedly that a university education that includes part-time work during the school year will be a more valuable education in setting up students for future careers.
- By the time FSA Scholars reach their third year of school, they are required to work part-time in a career-supporting internship while also going attending school year-round. Six of the current internships are FSA Scholars
- The internships are not limited to FSA Scholars, and the pilot includes multiple interns from top universities in the Philippines as well
18+
The path to development is through entrepreneurialism as people learn to fulfill the needs of others through businesses. These businesses prosper through their own success in helping their communities get more of what they need.
- Programs have been conducted in conjunction with the Philippines Department of Trade & Industry, The Philippine Trade Training Center, and universities including Ateneo, De La Salle, Institute of Strategy and Valuation and many others
- Over 600+ loans in the Philippines, ranging from $25 to $3000 per loan
- Many of the education programs are in conjunction with ISV
21+
The value of "tithing" or of giving back to the community is not simply a payback for benefits received. The expectation that a scholar will become a sponsor of other scholars is one that motivates and changes a student's career planning, actions, and success.
- The very expectation of being a sponsor is there to drive the scholar to become even more successful than they might have otherwise
- Naturally, this healthy expectation is one set amongst the child's family and community, and only expected when the child is gainfully employed
- However, assuming the child has received the FSA benefits throughout their life cycle… we fully believe in an extremely high success rate
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