MoneyGram Foundation Kicks in with a Series of Grants to Local Schools

May 4, 2016 | Press Release

Collaboration with First Book to take major step for literacy and access to books for children

Dallas, TX (May 4, 2016) - MoneyGram (NASDAQ:MGI), a leading global money transfer and payment services company, has announced a continued collaboration between the MoneyGram Foundation and First Book to distribute books to schools in Dallas, Los Angeles, New York and Miami.

The program begins with a focus on Dallas, TX, where MoneyGram's headquarters are located, with a $5,000 grant to the Dallas Independent School District (DISD).  The first distribution has been allocated to James S. Hogg Elementary in Oak Cliff, which will utilize $2,000 toward buying much needed, culturally relevant books to energize reading programs for students at the school. The effort is part of a larger collaboration between the MoneyGram Foundation and First Book intended to celebrate the twenty year anniversary of Dìa de los Libros (Children's Book Day) and bolster efforts to increase literacy in under-resourced neighborhoods.

"The MoneyGram Foundation is committed to helping people around the world and their families stay connected across borders and boundaries, oceans and countries. This program focuses solely on helping children gain better access to educational facilities and learning resources and there is no better place to start than in our own backyard ," said Jacqueline Lowe President of the MoneyGram Foundation. "MoneyGram is committed to helping children achieve access to education, especially where MoneyGram customers live and work. Everything we do goes toward inspiring minds and improving lives, and working with DISD and First Book helps us fulfill that mission."

The MoneyGram Foundation will kick off its program with an event at James S. Hogg Elementary on May 3rd with a book distribution and a soccer clinic. Players from FC Dallas Soccer Club will put on a 45 minute clinic and establish a connection between reading and success in sports and life.

"We are thrilled to have the support of the MoneyGram Foundation to provide new books to children in need," said Kyle Zimmer, president and CEO of First Book President. "We have distributed more than 145 million free and low cost books in thousands of communities across North America and look forward to collaborating with the MoneyGram Foundation to transform lives through the power and pleasure of reading." Similar events in Los Angeles, New York City and Miami are planned for later this summer. The MoneyGram Foundation is motivated to bring this program to communities around the country, as well as the world. With a platform of inspiring young minds at an early age, the MoneyGram Foundation believes that education leads to prosperity and an improved livelihood over the long term - not just for the individual child, but also for entire families and their communities.

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