Shillong: AVPN, the largest network of social investors in Asia, has announced the launch of a $ 3 million Asian Youth Mental Wellbeing Fund at the AVPN Global Conference 2023.
The Fund is the first philanthropic pooled fund that focuses on youth mental wellbeing across Southeast Asia and South Asia. Yayasan Hasanah, the foundation of Khazanah Nasional, the Malaysian government’s sovereign wealth fund, will support AVPN to catalyse private sector support towards this important cause in Malaysia. Additionally, the Fund has received the support of Chevron and other organisations.
Unlike conventional funds, the AVPN Asian Youth Mental Wellbeing Fund will put youths at the centre of the grant disbursement decision-making process. Adopting a ‘for youths, by youths’ mindset, the Fund will be forming a committee of experts – of which will comprise young impact leaders – to identify needs on the ground across Asia, and evaluate the quality of applications that come in.
AVPN plans to raise $ 3 million to support scalable and effective solutions in Southeast and South Asia over the next three years.
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