September 26 2016
Operation HOPE Launches HOPE Fund to Extend Impact of Financial Literacy and Empowerment Programming for the Underserved
ATLANTA – Sept. 26, 2016 – Global financial dignity and economic empowerment nonprofit Operation HOPE, Inc., has launched the HOPE Fund—a new vehicle to extend the organization’s mission of making free enterprise work for the underserved. The HOPE Fund fuels the mission of Operation HOPE; it allows individuals and organizations to invest in the expansion of innovative financial literacy and empowerment programs that serve low- and moderate-income individuals, families, and communities, throughout the U.S. and around the world. Founding investors in the Fund include, First Tennessee Bank, Cathay Bank, and MetaBank.
“For 25 years Operation HOPE has successfully delivered financial education and empowerment programs to underserved communities and individuals—building an economy that works for all, grounded in the belief that everyone, regardless of their backstory, deserves a life filled with financial dignity and opportunity,” said John Hope Bryant, founder, chairman and CEO of Operation HOPE. “The HOPE Fund will take us forward, under the banner of “Silver Rights”—rights to financial literacy, access to capital, and equity of opportunity for all—as we deliver the tools and training people need to take back their lives.”
The HOPE Fund is a tax exempt, 501(c)3 non-profit entity that provides investors with an opportunity to share in the aggregate national-to-local-impacts of the Operation HOPE network of youth and adult financial empowerment locations. Investors can contribute to the Fund one time or through multiple investments.
HOPE Inside delivers Operation HOPE’s adult empowerment programs. There are 50 HOPE Inside locations in communities around the nation, with commitments for more than 250 new offices within the next 18 months. Programs include credit and money management coaching, home buyer counseling, and small business training, offered free to individuals and communities. With strategic banking partners, including, SunTrust Banks, Bank of the West, Mutual of Omaha, Wells Fargo, BB&T, First Tennessee Bank, Fulton Bank, CIT, MetaBank, Banco Popular, PNC, Level One Bank, Regions Bank, and Cathay Bank, Operation HOPE is delivering financial empowerment to communities that need it most. HOPE Inside has expanded to government facilities, grocery stores, hospitals, and other community locations, including, Whole Foods, Hyatt Hotels, Detroit Medical Center, and Atlanta Public Safety Headquarters, so the programs can be accessed by everyone. The Fund helps Operation HOPE continue its programs—to date, Operation HOPE has educated over 1.6 million adults worldwide and contributed more than $2 billion to the economy.
The HOPE Fund also supports the design and delivery of Operation HOPE’s youth empowerment programs—Banking On Our Future, and HOPE Business In A Box Academies—which deploy financial literacy education and entrepreneurship training to students within a growing partnership network of 4,000 schools. Over the years Operation HOPE has educated more than 900,000 students.
About Operation HOPE
Since 1992, Operation HOPE has been moving America from civil rights to "silver rights" with the mission of making free enterprise and capitalism work for the underserved. Through its core programs, the nonprofit has provided financial dignity and economic empowerment to over 2.6 million individuals worldwide, and $2 billion in economic activity for the disenfranchised—turning check cashing customers into banking customers, renters into homeowners, small business dreamers into small business owners and minimum wage workers into living wage consumers. Project 5117 is HOPE’s multi-year four-pronged approach to combating economic inequality that aims to improve financial literacy, increase business role models and business internships for youth, and stabilize the American dream by boosting credit scores. Operation HOPE recently received its second consecutive 4-star charity rating for fiscal management and commitment to transparency and accountability by the prestigious non-profit evaluator, Charity Navigator—further establishing it as a best-in-class organization. For more information: www.OperationHOPE.org. Follow Operation HOPE on Facebook and Twitter @OperationHOPE.