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The Smith Family

Progress with every plan
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As leading financial advisors, our mission is to create great financial outcomes for our clients and our community as a whole. Aside from our professional services, we work to achieve this goal in partnership with The Smith Family and two of their exemplary programmes: Business Community Champions and Learning for Life.

Partnering with The Smith Family through their Business Community Champions programme allows us to help disadvantaged young Australians create better futures for themselves. Sponsoring a student helps pay for school essentials like uniforms, shoes, textbooks and excursions. It also provides ongoing access to The Smith Family's out-of-school learning and mentoring programmes, which are designed to help students build the skills they need to thrive at school and beyond.

We're proud to know that with the help of The Smith Family, the benefits of our work can extend beyond the individual and help break the cycle of disadvantage for young Australians.

A man in a navy blue suit standing in a bright, modern office with his hands behind his back, smiling at the camera.
The Smith Family logo with the tagline 'Learn today, change tomorrow.

Who is The
Smith Family?

The Smith Family is the largest children’s education charity helping young Australians from disadvantaged backgrounds to succeed at school, so they can create better futures for themselves. 

For almost 100 years, The Smith Family has been tackling the problem, one child at a time. Through their Learning for Life programme, they help children overcome their circumstances by providing long-term education support in three distinct ways.

1. Financial support for school essentials, like uniforms and books.

2. Access to additional learning programmes before and after school – tailored to each child’s individual needs.

3. Match each child with a dedicated coach at The Smith Family to help them get to school, stay at school and go on to further training or work.

This proven three-pronged approach equips these children with the motivation, resilience and life skills they need to complete their schooling and go on to better futures.

The Cycle of Disadvantage

The effects of growing up in poverty go beyond the home environment. For over 1.2 million Australian children and young people1 this can negatively affect their school life. 

At school, these children miss out on things other children may take for granted. Imagine how it would feel to go through winter without warm school clothes; to feel ashamed because you have no decent school shoes; to feel isolated and alone because you don't fit in, or to be stressed all the time because you don't have the internet at home or the books you need to do your homework.

These children are less likely to achieve their desired educational outcomes (and in turn employment opportunities)

 

The Impact Of Disadvantage

Disadvantaged students are on average two to three years behind in reading and maths by the time they are 15 years old.2

The reading gap between the lowest socio‑economic status (SES) students and the highest SES students is equivalent to almost three years of schooling.3

Year 12 completion rates are significantly lower (60%) for students from low SES backgrounds than for students from high SES backgrounds (90%).4

University students from high SES backgrounds are three times more likely to attend, than students from low SES backgrounds.5
years-behind-reading-maths-737

Results

By helping a child living in disadvantage set themselves on the right path now, we’re starting a domino effect that will lead all of Australia into a more inclusive and flourishing future. The Smith Family currently supports around 50,000 young Australians in need via their flagship Learning for Life sponsorship programme. Since 2012, they’ve helped nearly 12,500 children complete Year 12. It’s an extraordinary human achievement as well as an economic one for Australia. Independent studies estimate that each student that completes Year 12 saves the community around $1 million over their lifetime compared to an early school leaver. The Smith Family tracks and measures the outcomes of their work at every stage, to ensure children and young people are receiving the help they need to break the cycle of disadvantage. Every completed year of schooling also enables better overall life outcomes, and improves a person’s ability to contribute economically and socially to the community. Four out of five former Learning for Life students are engaged in work or study 12 months after leaving the program. This result has a positive flow-on effect for the nation, as more young people are productively engaged post-school. It is a privilege for everyone on the ActOn Wealth team to help support such a worthy cause and we thank The Smith Family fore their extraordinary work.

Progress With Every Plan

Success Stories

A young woman sitting in a library, smiling while working on her laptop and taking notes with a pen.

A young boy wearing a bicycle helmet and a green t-shirt with the word 'Legend' printed on it, standing outdoors with a blurred green background.

1 Poverty in Australia, 2020, ACOSS/UNSW Report.
2 Thomson et al, 2011, Challenges for Australian Education: Results from PISA 2009.
3 Department of Education, Employment and Workplace Relations, 2011, Review of school funding final report.
4 Australian Curriculum, Assessment and Reporting Authority 2012. National Report on Schooling in Australia 2010: Additional statistics.
5 Department of Education, Employment and Workplace Relations, 2008, Review of Australian Higher Education Final Report.

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ActOn Wealth is a privately owned boutique financial planning firm in Melbourne. Our number one focus is our clients. We strive to provide an exceptional service to help you achieve financial security and prosperity.
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