MoneyGram Foundation Awards $250,000 to Eight Organizations Worldwide
MoneyGram Foundation Awards $250,000 to Eight Organizations Worldwide
MoneyGram Distributes First Grants through MoneyGram Foundation
DALLAS--(BUSINESS WIRE)-- MoneyGram (NAS: MGI) , a leading global money transfer company, today announced distribution of the first grants awarded through the MoneyGram Foundation. The Foundation, launched late last year, was established with a mission to help children around the world gain access to educational facilities and learning resources.
The MoneyGram Foundation believes that education is at the heart of better economic opportunities, healthier families, and individual freedom and empowerment. Through the Foundation, MoneyGram grants funds to worthy organizations working to give children the best education possible.
"The MoneyGram Foundation's grants provide a variety of educational resources to children all over the globe, and will have an impact on thousands of children, their families and communities," said Pamela H. Patsley, chairman and chief executive officer, MoneyGram. "Many of MoneyGram's customers use our services to send hard-earned wages back home in an effort to improve the lives of their loved ones. We believe that education is the ultimate means for transforming lives, which is why we have chosen it as our focus. Our customers inspire and drive everything we do, including the mission of the Foundation."
The MoneyGram Foundation chose eight organizations from hundreds of applicants. The programs span the globe, impacting thousands of children in six different countries and exemplifying the Foundation's guiding principle of "inspiring minds and improving lives." Currently, MoneyGram funds the Foundation through a monetary gift and access to in-kind resources. Recognizing the enormous need around the world for access to basic education, the Foundation plans to expand its funding support through contributions from others later this year.
The MoneyGram Foundation's inaugural grants have been awarded to the following organizations:
Developments in Literacy, to fund three schools in Rawalpindi, Pakistan with over 70% female enrollment. These schools serve rural and impoverished regions of a country where nearly 75% of girls are illiterate.
Child Aid's Reading for Life program, to supply translated reading curriculum books for schools and libraries in Guatemala. These schools currently operate with an average of one translated book per class.
Mumbai Mobile Creches, to provide education for children of migrant workers living temporarily on construction sites around Mumbai, India. Over 50,000 children reside in temporary housing on construction sites in the city of Mumbai with no access to formal education.
Niños en Alegría, to train more than 160 teachers in technology and entrepreneurship student curricula in Guerrero, Mexico. Niños en Alegría currently operates eight schools, employing testing and curriculum standards that surpass public education standards in Mexico.
The Maharaja Hanwant Singhji Charitable Trust's Veerni Project, to provide room, board and tuition for girls in Jodhpur, India to attend secondary school. India has one of the largest populations of children without access to education. This project helps ensure the students complete their education.
Grants for Innovative Teaching through the Junior League of Dallas, to fund innovative teaching programs in the Dallas Independent School District. These grants go toward projects in science, technology, engineering, math and literacy that otherwise would not be provided for in school budgets.
Voices For Children Foundation, to purchase school uniforms for neglected children in Miami, Florida. All of the money goes directly to children who have been removed from their homes to buy enough school uniforms, including shoes, for one academic year.
World Learning, to translate and print workbooks and provide teacher training in financial literacy education for orphaned teenagers in Ethiopia. The curriculum is designed to help students save money, plan for the future, and learn skills to become entrepreneurs.
The MoneyGram Foundation will distribute a second round of grants later this year. To learn more about the MoneyGram Foundation and the projects it supports, please visit moneygramfoundation.org.
About MoneyGram International
MoneyGram International, a leading money transfer company, enables consumers who are not fully served by traditional financial institutions to meet their financial needs. MoneyGram offers money transfer services worldwide through a global network of 327,000 agent locations -- including retailers, international post offices and financial institutions -- in 198 countries and territories. MoneyGram also offers bill payment services in the United States and Canada. MoneyGram is listed on the NASDAQ Stock Exchange under the ticker symbol MGI. To learn more about money transfer or bill payment at an agent location or online, please visit moneygram.com or connect with us on Facebook.
About the MoneyGram Foundation
MoneyGram, a leading global money transfer company, established the MoneyGram Foundation in 2012 to help children gain better access to education and learning resources. The Foundation distributes grants around the world to deserving organizations that are committed to improving education. Its mission - to inspire minds and improve lives - is firmly rooted in the belief that education is at the heart of better economic opportunities, healthier families and individual freedom and empowerment. To learn more, please visit moneygramfoundation.org.
MoneyGram International
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