Fighting for Financial Literacy: The Coca-Cola Australia Foundation Partners With The Warrior Woman Foundation

16 May 2023: The Coca-Cola Australia Foundation (CCAF) and The Warrior Woman Foundation (TWWF) have announced a half-million-dollar partnership to support vulnerable young Australian women achieve financial independence and resilience. 

Within 12 months of young women leaving foster care in New South Wales, 50 per cent become unemployed, homeless, pregnant or end up in jail1 and the 28 per cent who become pregnant are 10 times more likely to have their child removed, adding to the generational cycle of trauma. 

The Coca-Cola Australia Foundation is a philanthropic initiative between Coca-Cola South Pacific Pty Ltd, and Coca-Cola’s Australian bottling partner, Coca-Cola Europacific Partners, providing support to Australian charities for the past 20 years. 

Announced today, a new $508,200 grant from CCAF will allow Warrior Woman to deliver its financial literacy program to 120 young women who are at risk of not finishing high school, are leaving out-of-home care programs or who would benefit from guidance.

Anna Dear, CCAF Board Director, said Warrior Woman was a stand-out in the CCAF’s competitive Flagship Partner Grant process.. 

“The Warrior Woman Foundation addresses a critical gap in financial literacy for young women who are without a safety net, providing evidence-based courses and volunteer mentors to help them build their independence,” Anna said. 

“Through this partnership and funding the Coca-Cola Australia Foundation is proud to be helping create brighter futures for these vulnerable young women, equipping them with the skills needed to address challenges and take control of their financial futures.”

Warrior Woman has a particular focus on supporting young women leaving the out-of-home care system on their 21st birthday, which is the date all government-based foster or group home support ceases in New South Wales. The loss of this safe home is compounded for young women with trauma, abuse, low educational attainment, poor mental health, high rates of teen pregnancy, alcohol, and drug addiction. 

The Warrior Woman Foundation CEO, Jessica Brown, said the funding would allow the delivery of The Young Woman Warrior program to at-risk women in Sydney, and the Hunter and Illawarra regions.