Two Pathways to Participation
Foster Your Future works with young people actively seeking to reshape their future through formal education in a post-secondary degree program or advancement on a defined career path.
Education Track
Employment Track
Mentorship
We welcome young adults that are willing to work for their goals with the support and encouragement of a mentor.
Mentors join our team with a one-year commitment to meet weekly with a young adult, including at least one in-person meet-up per month.
Mentors may support young people with the following:
- Collaborate with their mentee to develop a realistic budget and update the budget with changing circumstances
- Review their mentee’s monthly bank statements, spending against their budget and non-essential spending
- Engage in a monthly discussion about the financial review
- Ensure young adults are meeting minimum participation requirements and make recommendations to FYF for financial incentives and support
- Help young adults identify reasonable and achievable short term goals and provide on-going encouragement as they work towards goals
- Help identify affordable housing options, look at apartments/housing options together and provide support during the application process as needed
- Help identify community resources to support their goals
- Be a study buddy for classes, written driver’s license exam or professional exams required by employer
- Be a friend and source a of support, when needed
Strategic Financial Support
Accountability is key to accessing financial support from Foster Your Future.
Financial incentives and support from Foster Your Future are not hand outs. To be eligible for and receive financial incentives or support, each young person, regardless of their pathway, is expected to submit monthly bank statements for comparison to the budget they have created in collaboration with their mentor or FYF team member, review of essential and non-essential spending and engage in a discussion with their mentor or FYF contact.
Foster Your Future offers the following types of financial incentives and support, which are individually tailored to young adults specific needs and professional, financial and personal goals:
- Sustained monthly financial incentives for good grades (education track) – mentees must maintain grades of C or above in all classes to ensure that they are able to move forward in their degree program and remain eligible for grants and scholarships.
- Sustained monthly financial incentive for good money management (education track) – to supplement income and support housing and basic needs so young people are stable and can focus more attention on their education.
- Financial contributions to tuition that is not covered by scholarships and grants (eduction track), as well as employment training and skill-building opportunities (employment track).
- One-time and/or short-term support with housing and basic needs to help stabilize young people in times of crisis (employment track).
- Incentives to facilitate or reward progress on individual financial goals (employment track).
Young Adult Commitments
- One-year minimum participation
- Active engagement in a mentorship
- Retain sufficient employment to meet financial responsibilities
- Commit to following a budget that is developed collaboratively with FYF
- Willingness to regularly provide financial documents
- Drug-free lifestyle