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January 09 2014

Operation HOPE Shares the Solutions Recommended from Working Group Discussions Held at the Global Financial Dignity Summit

 

Sessions on the True Cost of Disaster Preparedness – Unprepared and Prepared and Building a Framework for Change through Philanthropy highlight the importance of technology

 ATLANTA – January 9, 2014 – Today, Operation HOPE shared the results for Building a Framework of Change Through Philanthropy and The True Cost of Disaster Preparedness – Unprepared and Prepared, two of the working group sessions held at 2013 HOPE Global Financial Dignity Summit. The Executive Report revealed that the delegates thought technology was a top solution for helping individuals better prepare financially and key in helping philanthropic, social responsible ventures and nonprofit organizations better collaborate. 

The session for Building a Framework of Change Through Philanthropy, led by co-chairs Wade Dyke president Kaplan University, Penelope McPhee president and trustee of the Arthur M. Blank Family Foundation, and Julius Robinson executive vice president and group head of Corporate Social Responsibility for Union Bank, revealed the top solutions from the group discussion

1)     Use philanthropy to fund technology that can bring nonprofits together to collaborate

2)     Developing better technology that will help nonprofits measure community impact.

Co-chairs Gwen Camp director of Individual and Community Preparedness/National Preparedness Directorate FEMA, Gregg O’Ryon vice president, Program Development American Red Cross, and Brian Rhoa chief financial officer American Red Cross discovered during their session, The True Cost of Disaster Preparedness- Unprepared and Prepared, the two most popular solutions included:

1)     Smarter use of technology (mobile banking, document management.)

2)     Develop and publicize community disaster plans so that individuals and companies can prepare.

These solutions will play a significant role in shaping the future for HOPE’s financial literacy offerings. The 2013 Global Summit working group sessions provide an opportunity to bring together best practices from the private sector with the policy building blocks of the public sector to share and promote ways to eradicate poverty and increase global GDP. The combined final results for the sessions are set to be published first quarter of 2014 and will detail the recommendations and findings from the working groups. 

Attended by more than 1,300 delegates, the 2013 HOPE Global Financial Dignity Summit, held in partnership with the City of Atlanta, explored the topic “Global Economic Recovery: How The Poor Can Help Save Capitalism,” and framed the issue of financial inclusion, small business, entrepreneurship, jobs, and financial dignity as essential core ingredients to mid and long-term economic recovery and stability, here and abroad.