ENGLEWOOD, Colo.--(BUSINESS WIRE)--
The
Western Union Foundation today announced its fourth quarter 2013
grant commitment of US$1.15 million, which will be distributed across
more than 25 nonprofit, non-governmental organizations (NGOs) around the
world. In 2013, the Western Union Foundation provided grants totaling
more than US$6.8 million.
The grants help increase access to – and improve the quality of –
education programs in multiple regions. Through its signature program Education
for Better, the Western Union Foundation is committed to
supporting secondary and vocational education programs that facilitate
financial and economic opportunity for individuals, their families, and
their communities.
“Education for Better provides assistance for education
programs in key markets, and leverages the strength of The Western Union
Company’s global network to achieve a tangible social impact on the
communities and customers we serve,” said
Patrick Gaston
, president of
the Western Union Foundation. “We are pleased with the impact of Education
for Better as we approach the mid-point of our three-year
commitment, and we will continue to seek opportunities to support NGOs
that provide valuable education programs that set the framework for
financial inclusion and economic development.”
Since the launch of Education for Better in the fourth
quarter of 2012, the Western Union Foundation has committed more than
$7.6 million in key markets around the globe, in support of the program.
The Foundation’s Education for Better grants have reached
nearly 120 NGOs in 40 countries.
NGOs receiving a grant as part of the Western Union Foundation fourth
quarter 2013 cycle include:
-
A grant to Aldeas
Infantiles SOS Péru, funded in conjunction with Western Union
Agent DHL
Express (Péru), will support the GoTeach program, which empowers
disadvantaged youth to achieve an independent life through a
multi-stage educational program that is designed to prepare them for
employment.
-
The
Network for Teaching Entrepreneurship (NFTE) will receive a grant
to support the NGO’s ongoing work with the Bright
China Foundation (BCF) to implement a classroom-based “Business
Camp” curriculum in vocational schools across nine Chinese provinces.
The collaboration between NFTE and BCF reaches approximately 38,000
students in China.
-
The
International Rescue Committee has been awarded a grant to help
fund the Youth & Livelihoods in Ethiopia program. The grant will allow
the IRC to develop an entrepreneurship and business skills training
curriculum and toolkit, which addresses the critical need to enable
financial education among refugee youth in Ethiopia.
-
Pratham
USA will receive a grant to expand the Arora Institute for
Vocational Training. Pratham will set up residential and
non-residential training Centers in up to 17 states in India to
address the need of employability and the acquisition of
industry-specific skills among India’s youth.
In addition to the grant cycle, during the fourth quarter of 2013, the
Western Union Foundation, in conjunction with Western Union Agents,
business partners and employees, committed more than US$270,000 for
disaster relief efforts in the Philippines following Typhoon Haiyan.
Additional information, including the mission and purpose of the Western
Union Foundation, can be found at www.westernunionfoundation.org.
About The Western Union Foundation
The Western Union Foundation is dedicated to creating a better world,
where the ability to realize dreams through economic opportunity is not
just a privilege for the few but a right for all. Through its signature
program, Education for Better, and with the support of The Western Union
Company, its employees, Agents, and business partners, The Western Union
Foundation works to realize this vision by supporting education and
disaster relief efforts as pathways toward a better future. Our combined
social ventures efforts make life better for individuals, families and
communities around the world. Since its inception, The Western Union
Foundation has committed more than $93.9 million in grants and other
giving to more than 2,708 nongovernmental organizations in more than 133
countries and territories. The Western Union Foundation, is a separate
§501(c)(3) recognized United States charity. To learn more, visit www.westernunionfoundation.org.
About Western Union
The Western Union Company (NYSE:WU) is a leader in global payment
services. Together with its Vigo, Orlandi Valuta, Pago Facil and Western
Union Business Solutions branded payment services, Western Union
provides consumers and businesses with fast, reliable and convenient
ways to send and receive money around the world, to send payments and to
purchase money orders. As of December 31, 2013, the Western Union, Vigo
and Orlandi Valuta branded services were offered through a combined
network of over 500,000 agent locations in 200 countries and territories
and over 100,000 ATMs. In 2013, The Western Union Company completed 242
million consumer-to-consumer transactions worldwide, moving $82 billion
of principal between consumers, and 459 million business payments. For
more information, visit www.westernunion.com.
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Source: Western Union