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January 01 2009

Operation HOPE Receives $75K Commitment from the UPS Foundation

Partnership will help nonprofit to expand empowerment services in South Africa

 (LOS ANGELES) August 13 – Financial literacy nonprofit, Operation HOPE received a $75,000 grant from The UPS Foundation, the charitable arm of the UPS (NYSE:UPS). The grant will be used to educate and empower South African youth and women in financial literacy, dignity and entrepreneurship skills.

Banking on Our Future, HOPE's youth financial literacy initiative, 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, launched a six-year $1 million dollar investment to train 50,000 in South African in 2007. Since 1996, over 8,000 HOPE Corp volunteers have educated more than 400,000 youth globally, including 6,400 South African youth and women.

"This commitment by UPS Foundation will provide us with the foundation to expand our program and help us and improve the lives of women and youth in South Africa," said John Hope Bryant HOPE Founder, Chairman and CEO. Bryant serves as Vice Chair on the President's Advisory Council on Financial Literacy and is the author of the new book Love Leadership.

Established in 1951 and based in Atlanta, Ga., The UPS Foundation identifies specific areas where its backing clearly impacts social issues. In support of this strategic approach, The UPS Foundation has identified the following focus areas for giving: non-profit effectiveness, economic & global literacy, encouraging diversity, community safety and environmental sustainability.

In 2008, The UPS Foundation oversaw more than $100 million in philanthropy worldwide, including grants that benefit organizations or programs such as the Banking on Our Future, South Africa and provide support for building stronger communities.

"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 youth and empower South Africans," said Ken Sternad, president of The UPS Foundation.