How does SET help members to support their children’s educational needs? Saving support
Purchasing educational items
• O-Hub staff members encourage donors to maintain regular financial contributions to their children’s SET accounts. Where contributions drop off or stop, O-Hub staff follow up with donors and support them to re-start their contributions. • During Q3, a total of $22,640.95 was contributed to SET accounts in Hope Vale. This is relatively consistent with the amounts being contributed since Q3 2014, and represents a large sum of money being put aside to fund student educational needs. TOTAL VALUE OF QUARTERLY CONTRIBUTIONS Q3 2014 TO Q3 2015
• Donors can make educational purchases from their children’s SET account at any time and are assisted by O-Hub staff to do so. • The O-Hub also regularly runs SET Fairs to O-HUB encourage donors to purchase educational materials to support their children. A SET Fair was held in Q3 during which 15 donors—parents, carers and kin—attended the O-Hub to browse, discuss and purchase educational items with funds from 20 different SET accounts. • During Q3 a total of 169 purchases were made from SET accounts. The total value of these purchases was $20,451.89.
$25,000
TOTAL NUMBER OF PURCHASES MADE USING SET
$20,000
Q3 2013 TO Q3 2015
$15,000 $10,000 $5,000 $0
400
$22,174.50
$22,428.86
$17,771.01
$23,101.84 $22,640.95
2014
Q4
Q1
Q2 2015
Q3
• As a result of these consistent savings, SET account balances in Hope Vale continue to stay relatively high, sitting at $201,528.55 at the end of Q3. • High account balances are a positive sign—they mean donors are putting away nest eggs to support their children’s future educational needs. We also hope to see these balances go up and down over time, as donors spend funds on educational goods that benefit their children.
100
169
145
200 Q3
303
280
300
143
135
0
Q3
2013
Q4
Q1
137 Q2
2014
Q3
125
46 Q4
Q1
Q2 2015
Q3
• The top four most common purchases during Q3 were: readers and books
school uniforms
Balance of SET accounts Q3 2014 TO Q3 2015 $250,000
Q3
2014
Q4
Q1
Q2 2015
$201,528.55
$0
$191,210.16
$50,000
$183,142.41
$100,000
$186,569.55
$150,000
$168,944.47
$200,000
boarding needs
school bags
Q3
Positive impacts of Student education trust on community members
Parents/carers sign up to SET; they make regular contributions to students’ SET accounts and are more able to purchase necessities for school.
School readiness increases
Parents and carers are engaged in their children’s education Overall, 23 per cent of SET accounts had some level of activity during Q3 (i.e. at least one contribution and/or purchase)–parents and carers are regularly engaged with SET.
Children are more school ready and parents/ carers are less stressed Our donors constantly tell us that SET means their kids feel like they have what they need to succeed at school. Donors know the money is there for their children, so they feel less stressed.
School participation increases
Educational outcomes improve
“SET stalls are always good. My children love books. They like the popup books, books that are really big, bold and bright—it excites them.” set donor
“I felt proud that I got everything for the kids’ boarding school.” set donor
37
Family Empowerment Report q3 2015
How does SET cause positive change?