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November 26 2013

Operation HOPE and the American Red Cross Sign National Agreement to Deliver Services in US Cities


HOPE Coalition America the financial disaster preparedness and recovery division of Operation HOPE has provided guidance after 100 disasters in last 12 years

Washington, DC – November 26, 2013 – Operation HOPE (HOPE) and its financial preparedness and disaster recovery division, HOPE Coalition America (HCA) shared details around the Memorandum of Understanding (MOU) with the American Red Cross announced during the HOPE Global Financial Dignity Summit in Atlanta on November 14th.

The agreement provides for an expanded partnership between the two organizations. Included in this agreement is a shared commitment to ensure effective and inclusive service delivery to help Americans prepare for and recover from disaster through pre-disaster planning and client access to financial support services following a disaster.

“When disaster strikes, HOPE Coalition America will join the American Red Cross to provide financial recovery services to individuals and families, said President HOPE Coalition America Fred D. Smith. We are honored and pleased with this new agreement to jointly provide guidance on pre-disaster preparation and recovery to those affected in a disaster.”                    

HCA will provide trained volunteers from the financial services industry and HOPE employees. These individuals will, among other things, conduct training to community-based groups including employees of large corporate and government organizations. The objective is to encourage and energize individuals to take actions before a disaster or emergency that will allow them to recover with limited assistance from “first responders.” In addition, Operation HOPE and the Red Cross will engage in community preparedness events. Both organizations agree to support each other’s efforts in identifying appropriate mechanisms for volunteer training and engagements.

“Operation HOPE has been a valuable partner supporting the Red Cross mission and we’re pleased to continue our joint work through this new agreement,” said Richard Reed, senior vice president of Disaster Cycle Services for the American Red Cross. “Our combined efforts will help communities be better prepared and expand access to financial support services after large disasters.”

Since its creation in 2001, Operation HOPE has assisted more than 400,000 individuals and families recover from disasters. Formed in response to the terrorists attack on the World Trade Center, HCA is a result of a national partnership with the Department of Homeland Security and FEMA, focusing on pre and post disaster strategies for America’s economic stability. HCA has provided recovery services to individuals and small businesses for more than 100 large and small disasters.

“For more than 20 years, Operation HOPE has been bringing awareness to financial literacy, and since 2001, we have been providing financial preparedness and economic recovery, post disaster, said Operation HOPE Founder Chairman and CEO John Hope Bryant. “Through our partnership with the American Red Cross, we are dedicated to building a more resilient and prepared America.”

About the American Red Cross

The American Red Cross shelters, feeds and provides emotional support to victims of disasters; supplies about 40 percent of the nation's blood; teaches skills that save lives; provides international humanitarian aid; and supports military members and their families. The Red Cross is a not-for-profit organization that depends on volunteers and the generosity of the American public to perform its mission. For more information, please visit

About Operation HOPE, Inc. (HOPE)

Operation HOPE (HOPE) is an international nonprofit organization dedicated to promoting financial literacy and dignity through various educational programs and initiatives. Since its founding in 1992, HOPE has served more than two million individuals and directed more than $1.5 billion in private capital to low-wealth communities. It maintains a growing army of 20,000 HOPE Corps volunteers, and currently serves more than 300 U.S. cities, as well as South Africa, Saudi Arabia, Morocco, and the United Arab Emirates. At the core of HOPE’s mission to eradicate poverty and empower people through financial literacy is a “silver rights” movement to ensure that free enterprise and capitalism work for the underserved. To learn more about HOPE, visit our blog or follow us on Facebook and Twitter.