September 01 2011
Operation HOPE Receives $150K Grant from The UPS Foundation to Empower Underserved Communities
Funds will support financial literacy nonprofit’s “silver rights” mission to inspire financial wellness
ATLANTA, GA--September 1, 2011–Financial literacy nonprofit, Operation HOPE has received a $150,000 grant fromThe UPS Foundation, the charitable arm of UPS (NYSE:UPS).
The grant will be used to support the nonprofit’s youth financial literacy, dignity and foreclosure prevention empowerment initiatives, including: Banking on Our Future; Banking on Our Future, South Africa; Banking on Our Future, College Edition; and Mortgage HOPE Crisis Hotline (MHCH).
"This commitment by The UPS Foundation builds from last year. We are pleased to be recognized again by The UPS Foundation for the work that we do to build dignity in underserved communities," said John Hope Bryant, HOPE Founder, Chairman and CEO. “This grant will help us build self-reliance and ownership in communities that need it most.”
Banking on Our Future, HOPE's youth financial literacy initiative and nucleus for the South Africa and College Edition, is the winner of Oprah's Angel Network Use Your Life Award and the U.S. Treasury Department's John Sherman Award for Financial Literacy Excellence.
"The UPS Foundation is committed to funding impactful programs that make a meaningful difference in our communities - so we are proud to support Operation HOPE's efforts to educate and empower youth," said Ken Sternad, president of The UPS Foundation.
Since 1996, over 15,000 HOPE Corps volunteers have educated more than 600,000 youth globally, including 8,000 South African youth and women. The MHCH launched in 2007 in response to the mortgage meltdown, provides toll-free counseling and services to help homeowners address mortgage and financial challenges.
About Operation HOPE
Founded in 1992, social empowerment nonprofit Operation HOPE's mission is to expand economic opportunity in under-resourced communities through financial literacy education. HOPE promotes "silver rights" - making free enterprise and capitalism relevant and effective for the underserved. Raising more than $500 million and directing and restructuring nearly $500 million more in mortgages and economic support from the private sector, for a total of approximately $1 billion dollars in economic activity, HOPE seeks dignity and empowerment for all. Follow Operation HOPE on Facebook, Twitter, Youtube and Flickr.
About The UPS Foundation
UPS (NYSE: UPS) is a global leader in logistics, offering a broad range of solutions including the transportation of packages and freight; the facilitation of international trade, and the deployment of advanced technology to more efficiently manage the world of business. Since its founding in 1907, UPS has built a legacy as a caring and responsible corporate citizen, supporting programs that provide long-term solutions to community needs. Founded in 1951, The UPS Foundation, which celebrates its 60th anniversary in 2011, is responsible for facilitating community involvement to local, national, and global communities. In 2010, UPS and its employees, active and retired, invested more than $95 million in charitable giving around the world. The UPS Foundation can be found on the web at UPS.com/foundation. To get UPS news direct, visit pressroom.ups.com/RSS.