Woodside Development Fund
Woodside has launched a collaborative initiative to help children in Australia and overseas. The Woodside Development Fund, launched at a breakfast hosted by Woodside and the Western Australian Council of Social Service Inc. (WACOSS) in February, will see Woodside contribute at least A$20 million over ten years to programs and organisations that focus on early childhood development.
The establishment of the Fund follows six months consultation with experts in the field, who recommended Woodside tackle challenges at their root cause via a collaborative approach.
“Woodside’s role in the new Fund is to be an energizer, advocate, collaborator and funder,” Woodside CEO Peter Coleman said.
Immediately following the launch, Woodside coordinated a 30-person workshop to define the Fund’s focus areas. Later this year, Woodside will establish an Expert Advisory Panel, to set goals and key performance indicators and select programs for support.
The Fund is intended to support early childhood projects, for children 0-8 years, that:
- Bring about meaningful, long-term positive change in communities;
- Build a sustainable workforce for the future; and
- Demonstrate impact through a shared monitoring and evaluation process.
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