Financial Basics Foundation is a registered charity established to help educate secondary students about the credit system and responsible financial management practices. Launched in February 2002, the Foundation was created by Collection House Limited, an ASX-listed receivables management company. It evolved from the Collection House Board's recognition and commitment to its "triple bottom-line" responsibilities (being financial, environmental and social). Rather than continuing to support a number of varied charities, the Board decided it would be a more effective use of its charity dollars to direct this funding into programs that can educate the community about the industry in which Collection House operates - specifically, educational institutions that help the community (and in particular secondary school students) understand credit issues, and equip them with the skills to manage their finances effectively. The Foundation has been established to achieve a specific Dream: "Helping to ensure that all young Australians leaving the secondary education system have an understanding of the credit system and financial management practices, so that they can make informed decisions on their financial affairs". | |
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