Are you serious? This is a total waste of money. No strings attached will mean that there is no requirement to spend it on doing anything worthwhile. You can't expect someone just out of school to be handed a large (to them) sum of money and expect them to make rational decisions. This will rob them of any incentive to work or train for the future. Instead, spend the money on training, lifeskills, apprenticeships and assistance into jobs. The means to earn their own living is the most worthwhile and empowering thing you can offer a young person.
Remember the old proverb - give a man a fish, he will eat for one day. Teach a man to fish he will eat for a lifetime.
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