(NASDAQ:MGI), a leading global money transfer and payment services
company, today announced the distribution of four grants to high-impact
education programs in nine countries through the MoneyGram Foundation.
The foundation, launched in 2012, is increasing its reach in Pakistan,
South America and the Caribbean as well as fulfilling MoneyGram's
commitment to aid in the rebuilding of schools that were destroyed by
Typhoon Yolanda in the Philippines.
The MoneyGram Foundation is proud to renew our funding to both
Developments in Literacy and TECHO, also known as Un Techo para mi País,
as both global organizations share the foundation's vision to improve
education for underserved rural populations. The renewal of funding for
Developments in Literacy is a continuation of support for two schools in
Rawalpindi, Pakistan. These schools serve rural and impoverished regions
and maintain more than 70% female enrollment in areas where nearly 75%
of girls are illiterate.
In addition, the foundation is proud to work with TECHO to support the
organization's Ecuador education program launch - the first TECHO
education program in the country. The program will be implemented in
five communities and impact 150 children in the city of Quito.
"The MoneyGram Foundation is creating a dynamic network of advocates for
education worldwide. In just one year of operations, the foundation has
established a presence in 19 countries, directly impacting more than
60,000 children around the world," said Julia Taylor, president of the
MoneyGram Foundation and vice president of corporate strtegy at
MoneyGram. "We are proud to support ambitious organizations that are
raising the standard of education worldwide through innovative
educational resources and programs that empower the communities they
MoneyGram also fulfilled its promise to provide support to areas
devastated by Typhoon Yolanda in the Philippines. Building upon previous
foundation work done in the disaster-stricken areas of Cebu and Davao
through Books for Asia, the MoneyGram Foundation will fund the
rebuilding of three classrooms in Bohol through Habitat for Humanity
Philippines, a non-profit organization that serves Filipino families by
building decent homes and sustainable communities. More than 1,900
classrooms in Bohol were destroyed or damaged by Typhoon Yolanda and a
previous 7.2 magnitude earthquake. The renovated school building will
serve a dual purpose of providing an educational facility for local
children and acting as shelter for the whole community in future natural
disasters. In Bohol, Habitat is also working to rebuild 8,083 houses
across 17 earthquake-stricken municipalities allowing families to
move-in to safer, permanent shelters.
Expanding the foundation's work to a new region, the final award for
this grant cycle will support literacy in six Caribbean countries. With
Hands Across the Sea, the MoneyGram Foundation will rejuvenate 12
primary school libraries across the islands and replace the libraries'
out-of-date books with new, age-appropriate reading material for 2,500
students each year.
To learn more about the MoneyGram Foundation and the projects it
supports, please visit moneygramfoundation.org.
About MoneyGram Foundation
MoneyGram, a leading global money transfer and payment services company,
established the MoneyGram Foundation in 2012 to help children around the
world gain access to educational facilities and learning resources. Its
mission is firmly rooted in the belief that education is at the heart of
better economic opportunities, healthier families and individual freedom
and empowerment. The MoneyGram Foundation is focused on inspiring minds
and improving lives and grants funds to deserving organizations with
this mission in mind. To learn more, please visit moneygramfoundation.org
or connect with us on Facebook.
About MoneyGram International, Inc.
MoneyGram, a leading money transfer company, enables consumers who are
not fully served by traditional financial institutions to meet their
financial needs. MoneyGram offers money transfer services worldwide
through a global network of 339,000 agent locations - including
retailers, international post offices and financial institutions - in
more than 200 countries and territories. MoneyGram also offers bill
payment services in the U.S. and Canada.
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