The Western Union Foundation Releases 2018 Global Impact Report
25 2월 2019 - 10:00PM
Business Wire
Total Investments increase support for more
than 820,000 individuals across 137 countries
Today, the Western Union Foundation announces the release of its
global 2018 Impact Report. The report highlights key philanthropic
programs making significant strides to connect underserved
populations to the global economy through workforce training, WU
Scholars, disaster relief and employee engagement.
“We are guided by the belief that education is the surest
pathway to creating economic opportunity that is inclusive for
all,” Executive Director of the Western Union Foundation, Elizabeth
Roscoe said. “Our mission is fueled by this principle. The Western
Union Foundation, along with Western Union employees, agents and
customers are proud of our global reach, and together strive to
lift up vulnerable populations, giving them the tools to succeed in
the global economy.”
- Workforce Training: The Western Union
Foundation’s signature workforce training program, Education for
Better has committed to provide 50,000 migrants, refugees, women
and youth with transformational 21st century job skills by the year
2020. The multi-year commitment is supported by strategic
partnerships and programs with 53 non-governmental organizations,
including Education for Employment, Junior Achievement, Re:Coded,
Boy With a Ball and the Whitaker Peace & Development
Initiative. In total, the Education for Better initiative has
provided educational opportunities for more than 100,000
individuals since inception.
- WU Scholars: In its second year, WU
Scholars, a global scholarship program continued support for
students pursuing a post-secondary education in the areas of
science, technology, engineering, mathematics (STEM), business and
entrepreneurship. In 2018, 164 scholarships were awarded to
students across 56 countries based on their accomplishments and
personal goals related to the program’s three pillars:
perseverance, aspiration, and community.
- Disaster Relief: In 2018, the Western
Union Foundation in collaboration with the Western Union company,
its employees, agents, and customers, responded to 13 disasters
affecting communities around the world. Through collaborations with
the International Federation of Red Cross and Red Crescent
Societies, Save The Children, International Rescue Committee and
American Red Cross we have provided aid to communities in
need.
- Employee Engagement: A record 84% of
Western Union employees from around the world chose to finically
support the Foundation’s work in 2018. Their support also came in
the form of more than 15,000 volunteer hours.
“The Western Union Foundation could not be as ambitious or
effective if Western Union’s global workforce didn’t wholeheartedly
share our passion,” Chief Compliance Officer and Chair of the
Western Union Foundation Board, Jacqueline Molnar said. “Through
the Foundation’s work, we have been able to positivity impact the
lives of 11,600 people in 2018, by comparison nearly the same
number of employees who work at Western Union.”
To learn more about the Western Union Foundation visit our
website wu.com/foundation. To view the 2018 Impact Report in its
entirety, visit: http://on.wu.com/WUF2018Impact.
About the Western Union Foundation
The Western Union Foundation believes that education is one of
the surest pathways to economic opportunity. Through collaborations
with NGOs around the world, the Foundation has embarked on a
mission to connect 50,000 migrants, refugees, women and youth to
the global economy through demand-driven skills training and
workforce enablement programs by 2020. The Foundation also offers a
global scholarship program that helps put a post-secondary
education in reach for in-need students studying in the STEM fields
and business. To date, more than $119 million has been given to
fund projects affecting more than 820,000 people in 137 countries
across the globe, including disaster relief for communities in
crisis. The Western Union Foundation is a separate charitable
corporation that is tax-exempt under 501(c)(3) of the US Internal
Revenue Code, and receives support from The Western Union Company,
its employees, agents and business partners. Contributions to the
Foundation are tax-deductible for US income tax purposes. To learn
more, visit www.westernunionfoundation.org or follow us on Twitter
@TheWUFoundation.
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version on businesswire.com: https://www.businesswire.com/news/home/20190225005383/en/
Rachel Rogala, Western Union+1 (303) 808-2674,
Rachel.Rogala@wu.com
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