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April 24 2013

Operation HOPE Moves into Donated Office Space at CNA Headquarters

 

CNA Foundation awards $50,000 grant in support of the organizations’ mission

CHICAGO – April 23, 2013 – Operation HOPE today officially moved its Chicago operation into donated office space at the CNA Corporate Headquarters at 333 South Wabash.  Operation HOPE staff was greeted with a $50,000 grant from the CNA Foundation to help support the organizations’ mission to elevate the dignity, hope, and economic self-sufficiency of people in low-wealth communities through financial literacy.

“The CNA Foundation is committed to strengthening the communities where CNA employees live and work by providing financial and volunteer support to nonprofit organizations dedicated to building healthy and prosperous neighborhoods,” said Sarah Pang, executive director of the CNA Foundation.

“It is through partnerships like this that HOPE is able to deliver the financial literacy tools that empower our youth and change lives,” said Operation HOPE President of Global Youth Empowerment Group and Chief Executive Officer New York Market Mary Hagerty Ehrsam.

Earlier in the day, CNA employees had teamed up with Operation HOPE to provide financial literacy training for students at the Chicago’s St. John de la Salle Catholic Academy. The training was part of HOPE’s Banking on Our Future program, which teaches youth the basics of checking, saving and the importance of credit and investment.

Banking on Our Future is a winner of the Oprah’s Angel Network Award and the U.S. Treasury Department’s John Sherman Award for Financial Literacy Excellence. Initiated in 1996, the program has educated over 700,000 youth worldwide.  For additional information on how to get involved, visit www.operationhope.org/banking-on-our-future.

Since 1992, Operation HOPE has been America’s leading financial dignity and empowerment nonprofit.  Through its four principal portfolios: Banking on Our Future, HOPE Coalition America, HOPE Financial Literacy Empowerment Centers, and HOPE Corps, the organization addresses youth and adult financial literacy, economic preparedness, bridges the digital divide and promotes home ownership and assists with foreclosure prevention. With the support of more than 400 private sector companies, 5,000 nonprofit organizations and schools and government partners, HOPE has reached over 2 million low-wealth individuals in 70 U.S. cities and South Africa. The social investment banking has, raised more than $500 million and helped to restructure more than $360 million in sub-prime mortgages from the private sector, for more than a total of approximately $1 billion in economic activity for the disenfranchised. To learn more about HOPE, visit our website at www.operationhope.org, www.twitter.com/operationhope, and www.facebook.com/operationhope.

The CNA Foundation is the nonprofit, private charitable giving entity of CNA. Through its matching gifts program and community involvement grants, the CNA Foundation provides vital funding to thousands of charities where CNA does business and where CNA employees live and work.

Serving businesses and professionals since 1897, CNA is the country’s seventh largest commercial insurance writer and the 13th largest property and casualty company.  CNA’s insurance products include standard commercial lines, specialty lines, surety, marine and other property and casualty coverages.  CNA's services include risk management, information services, underwriting, risk control and claims administration.  For more information, please visit CNA at www.cna.com. Use of the term "partnership" should not be construed to represent a legally binding partnership. "CNA" is a service mark registered by CNA Financial Corporation with the United States Patent and Trademark Office. Certain CNA Financial Corporation subsidiaries use the "CNA" service mark in connection with insurance underwriting and claims activities.

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