Introduction
The Standard Chartered Foundation is a global philanthropic organization focused on advancing economic inclusion and youth empowerment. Established in 2019 by Standard Chartered, the foundation supports initiatives that help young people gain access to skills, employment, and entrepreneurship opportunities, particularly in underserved communities.
History and Background
The foundation was created to strengthen and scale Standard Chartered’s community investment initiatives across the world.
- 2019: Official launch of the foundation
- Built on the bank’s long-standing commitment to social impact and inclusion
- Focuses on addressing youth unemployment and inequality
Since its establishment, it has expanded its reach across Asia, Africa, and the Middle East, supporting programs that create sustainable livelihoods.
Mission and Purpose
The mission of the foundation is to:
- Promote economic inclusion and reduce inequality
- Support youth employability and entrepreneurship
- Enable access to education, skills, and financial resources
It aims to empower young people to become financially independent and resilient.
Governance and Structure
- Operates as a corporate foundation
- Supported and funded by Standard Chartered
- Governed by a board and leadership team overseeing global programs
- Works in collaboration with NGOs, social enterprises, and development partners
Its structure ensures alignment with both corporate responsibility goals and global development priorities.
Funding and Grant Activities
The Standard Chartered Foundation provides funding and strategic support to organizations working in youth development.
Key Funding Areas
- Youth employment and entrepreneurship
- Skills development and vocational training
- Financial inclusion and literacy
- Women and youth empowerment
Types of Support
- Grants for nonprofit organizations and social enterprises
- Funding for training and capacity-building programs
- Support for scalable and innovative solutions
The foundation prioritizes initiatives that deliver long-term economic impact.
Programs and Initiatives
Futuremakers by Standard Chartered
A flagship global initiative focused on improving employability and entrepreneurship opportunities for young people.
Entrepreneurship and Skills Training
Programs that equip youth with business skills, digital knowledge, and financial literacy.
Partnership Programs
Collaborates with NGOs and development agencies to scale high-impact interventions.
Impact
The Standard Chartered Foundation has made a significant impact:
- Reached thousands of young people globally
- Supported initiatives that improve employment and income generation
- Strengthened entrepreneurship ecosystems in developing regions
Its programs contribute to reducing inequality and promoting sustainable economic growth.
Conclusion
The Standard Chartered Foundation plays a vital role in promoting youth empowerment and economic inclusion worldwide. Through strategic funding, partnerships, and innovative programs, it continues to create opportunities for young people to build better futures.
For more information, visit here. https://www.sc.com/en/sustainability/communities/
