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STATE OF THE FIELD IN YOUTH ECONOMIC OPPORTUNITIES

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Table of Contents<br />

Chapter 9<br />

Chapter 1 Chapter 2 Chapter 3 Chapter 4 Chapter 5 Chapter 6 Chapter 7 Chapter 8<br />

Chapter 10 Chapter 11 Chapter 12 Chapter 13 Chapter 14 Chapter 15 Annexes<br />

2012 State of the Field in Youth Economic Opportunities<br />

13 Donor Strategies and Initiatives<br />

Donors in the YEO field have a diverse set of priorities. All agree that deepening the knowledge base and<br />

scaling programs are top priorities. As the range of donors involved in the field continues to increase, individual<br />

donors have articulated their value-add to the field and the type of programs and partnerships that fit best with<br />

their mission and organizational structure. In general, donors embrace funding strategies that complement<br />

their organization’s mission, resources, and experience while seeking to close knowledge gaps and advance the<br />

YEO field. At the 2011 Global Youth Economic Opportunities Conference, donor representatives from Citi<br />

Foundation, the United States Agency for International Development (USAID), The MasterCard Foundation,<br />

the Multilateral Investment Fund (MIF), and the International Development Exchange (IDEX) discussed grantmaking.<br />

They shared the importance of the following:<br />

• Getting to know one another through due diligence and relationship-building;<br />

• Finding the right match between the donor and the recipient organization, as well as between the<br />

recipient organization and the project—the funded project should be core to the organization;<br />

• Grant-making should form part of a larger strategy and theory of change; it should draw from lessons<br />

learned by both the recipient organization and donor.<br />

13.1 Citi Foundation Supports the Economic Empowerment and Financial Inclusion of<br />

Low-to Moderate-Income People in Communities Where Citi Operates.<br />

Chapter 13: Donor Strategies and Initiatives<br />

The Citi Foundation works collaboratively with a range of NGO partners to design and test innovations with<br />

potential to achieve scale, and support leadership and knowledge-building activities in the financial inclusion<br />

field. Its “More than Philanthropy” approach enables them to leverage the strength and expertise of Citi’s people<br />

and business resources to maximize philanthropic investments and demonstrate a commitment to responsible<br />

finance. One focus area is the Youth Education and Livelihoods portfolio, which seeks to invest in programs that<br />

increase the number of young people, between ages 13-25, that complete secondary school, start a business,<br />

become employed or enroll in further education. Another focus area, Financial Capability and Asset-Building,<br />

aims to increase the number of adults and youth who adopt positive financial behaviors and accumulate and<br />

preserve assets, which also further complements the Foundation’s global mission of economic empowerment<br />

and financial inclusion.<br />

To fulfill this mission and strategic objectives, the Citi Foundation partners with local Citi offices across 86<br />

countries to co-create innovative investment plans and drive a place-based grant-making approach that reflects<br />

local context and needs. For example, Citi Foundation funding in Brazil focuses on sustainable enterprise<br />

development; In Poland philanthropic investments are concentrated on financial capability; while in the Middle<br />

East, youth entrepreneurship initiatives dominate the portfolio.<br />

For more information, see www.citibank.com/citi/foundation.<br />

13.2 USAID Develops a Youth in Development Strategy, Promotes Inter-Agency<br />

Coordination, Supports Systemic Approaches to Reach Scale, and Encourages<br />

Partnerships with Youth<br />

The United States Agency for International Development (USAID), the foreign assistance arm of the United<br />

States government, will soon release its first-ever policy on Youth In Development. The Policy seeks to realize<br />

the demographic opportunity in development, and advance USAID’s core development objectives. It establishes<br />

a new framework for USAID to support, protect, prepare, and engage young people as they transition from<br />

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