We're proud to announce STREAT's crowdfunding campaign has not only reached its funding goal, but will be matchfunded by the GTP Group!
STREAT, a social enterprise dedicated to stopping youth homelessness in Melbourne, will have their funding goal of $40,000 matchfunded by The GPT Group, who own and operate Melbourne Central, helping them raise $80,000! This will help build their new cafe in Melbourne Central and help turn many young, disengaged lives around through employment and specialised training.
Matchfunding is a technique on the rise, where established businesses or foundations match the funds raised by the crowd on Pozible, dollar for dollar, or more. This means every dollar pledged on our platform for this campaign will be matched directly, doubling the impact of each pledge.
Justin Shannon, General Manager at Melbourne Central, shed further insight on what their generous gift to the community entails, “We are delighted to support STREAT's new cafe at Melbourne Central with $40,000 and a five-year tenancy agreement. We know this will substantially increase their revenue and ability to train and support many more of Melbourne’s homeless and disengaged young people.”
Working with Six Degree Architects, STREAT intends to swiftly build an environmentally friendly cafe which will be operational by December 2012! If you're around Melbourne, support your community this holiday season by grabbing a cuppa!
This would not have been possible without the continual support of everyone who pledged or has ever bought one of STREAT's coffees. This is further proof that crowdfunding and matchfunding work!
More on STREAT:
STREAT opened its first little food cart in Federation Square in March 2010. It now has three cafes and a boutique coffee roasting business and has provided over 30,000 hours of training and support to the 52 young people who have been in the STREAT program. These trainees have helped serve more than 300,000 meals and coffees to Melbournians who, with every mouthful, are helping stop youth homelessness. Five full classes of young people have now graduated from STREAT with the majority finding jobs – most for the first time in their lives.
If you're an organisation or business interested in matchfunding with Pozible, please contact Rick Chen on +61430188776 or email him on rick[at]pozible.com .
For further information on STREAT, check out:
STREAT's website: http://streat.com.au
STREAT's Pozible campaign: http://www.pozible.com/streat
STREAT's press release: http://bit.ly/T0pvM3