June 25 2015
MasterCard Becomes a Powered by Partner to Support Operation HOPE Empowerment Initiatives
LOS ANGELES – June 25, 2015 – Financial dignity nonprofit Operation HOPE announced today that it extended a decade-long relationship with MasterCard as the payments technology company becomes a Project 5117 HOPE Powered By Partner.
“We appreciate our longtime relationship with MasterCard,” said Mary H. Ehrsam, Chief Executive Officer of Operation HOPE, New York and the Division President of the HOPE Youth Empowerment Group.. “For more than 10 years, Operation HOPE and MasterCard have worked together to promote financial inclusion and empowerment initiatives that enable youth and adults access to a better life.”
Through this commitment, MasterCard will provide core operational support for the growing network of Banking on Our Future schools, HOPE Business In A Box Academies, HOPE B- Business Compact interns and HOPE Inside locations.
Project 5117 is HOPE’s four-pronged approach to combating economic inequality. Its programs aim to improve financial literacy, increase the ratio of business role models and business internships from today’s national average of 5 percent to 20 percent, and stabilize the American dream by empowering adults and families to become involved in the banking system and to help raise their credit scores.
“We’ve seen first-hand the impact technology, experience and access can have in empowering people and bringing them into the financial mainstream,” said Shawn Miles, Group Head, Global Public Policy. “Our continued support of Operation Hope will help deliver a world where more people have the opportunity to enjoy what many take for granted.”
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About Operation HOPE
Founded in 1992 and headquartered in Los Angeles, Operation HOPE is rated a 4-star charity by Charity Navigator. A global nonprofit focused on financial dignity, HOPE has empowered more than 2.5 million individuals and directed more than $1.8 billion in private capital to America’s low-wealth communities. Currently, HOPE is focused on Project 5117, a multi-year initiative that will track and increase business role models for youth, boost credit scores for adults, and empower underserved communities. To learn more about Operation HOPE, visit www.operationhope.org.