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December 08 2014

The DeBruce Foundation Joins Operation HOPE to Make Transformational Change in Underserved Communities across America

Project 5117 “Powered By” $1 million commitment from The DeBruce Foundation

ATLANTA – December 8, 2014 – Global financial dignity nonprofit leader Operation HOPE announced today that the DeBruce Foundation has joined its movement to implement a sustainable, scalable empowerment platform for transformational change in underserved communities across America.

Inspired by its message of empowerment, as outlined in “The Memo” from HOPE Founder John Hope Bryant’s best-seller How the Poor Can Save Capitalism, the DeBruce Foundation has committed 1 million dollars to “power” HOPE’s Project 5117, aiming to create positive change in the community.

“We are pleased to have the support of the DeBruce Foundation, said John Hope Bryant. “With the support of the Foundation we will be better positioned to deliver "The Memo”, through Project 5117 programs and empower all aspects of an individual through financial education, positive role modeling and the tools needed to convert aspiration into achievement.”

The DeBruce Foundation is a private organization established by Kansas City business and civic leader, Paul DeBruce, founder of DeBruce Grain and former Chairman of the Federal Reserve Bank of Kansas City. The Foundation is wholly committed to enabling extraordinary transformational change.

Earlier this year, the DeBruce Foundation also partnered with the Federal Reserve Bank of Kansas City and HOPE to bring a discussion about the book and spark leadership to think differently about solutions on how to live a life of dignity and to empower the next generation to take control of their future.

Led by co-chairs Dr. Bernice King, Ambassador Andrew Young and John Hope Bryant, Project 5117 seeks to make a scalable, sustainable, measurable impact in youth and adult financial empowerment nationwide. Through Project 5117, HOPE accomplishes this by (1) creating the nation’s first ever national nonprofit/commercial private banker network for the poor and underserved adults population, and underserved communities HOPE Inside, and thereafter (2) standing up the first ever national school-based skills development, entrepreneurship and economic energy platform for underserved youth through HOPE Business In A Box Academies.

In January 2015, the DeBruce Foundation will participate in the 2015 HOPE Global Forum hosted by Operation HOPE at the Omni Hotel in downtown Atlanta, Georgia. The event brings together heads of state, C-suite executives, civic and financial leaders to outline a vision for the future of the modern global economy.

About Operation HOPE

Since 1992, Operation HOPE has been providing financial dignity and economic empowerment to over 2 million individuals worldwide. Through our work, we turn check cashing customers into banking customers, renters into homeowners, small business dreamers into small business owners and minimum wage workers into living wage consumers. For additional information about Operation HOPE, go to www.operationhope.org.