MoneyGram Foundation Reinvests in Innovative Educational Organizations in 2016
Grants of nearly $300,000 will support educational programs
DALLAS, June 14, 2016 -- MoneyGram (NASDAQ: MGI) today announced the MoneyGram Foundation will award seven grants across seven countries for the first grant cycle of 2016. The foundation will renew its support to innovative educational programs operating in India, Jamaica, Laos, Nicaragua, Pakistan and Vietnam, as well as in four cities in the United States.
"The MoneyGram Foundation is honored to continue to support programs around the world that are making a meaningful and measurable difference for children's education in communities where our customers live and work," said Pamela H. Patsley, MoneyGram's executive chairman. "MoneyGram is proud to expand our foundation's work to Laos and Nicaragua through these established programs."
The recipients in the foundation's first grant round of 2016 include:
- Agastya International Foundation, to continue funding three mobile science labs traveling to Darbhanga, Mumbai, and Aligarh with the mission of providing an experiential, hands-on science education program to thousands of economically disadvantaged children.
- Children of Vietnam, to fund the construction of a 25 x 30 foot weather-resistant school building in A Pat village in Tay Giang District, Quang Nam Province, complete with ceiling fan, lighting, electrical system, water system, indoor plumbing and awning for shade. When complete, it will be the sole school building for the community.
- Developments in Literacy, to fully fund the operational and administrative costs of the Nai Abadi school located in Rawalpindi, Pakistan.
- First Book, to fund a book donation through the Día de Los Libros initiative in the United States (Dallas, Los Angeles, New York and Miami) and Jamaica.
- Grants for Innovative Teaching (GFIT), a Signature Project of the Junior League of Dallas that encourages and supports excellence in teaching by awarding grants up to $2,000 to Dallas ISD teachers for innovative projects that otherwise would not be provided for in schools budgets.
- One Laptop Per Child (OLPC), to fully fund the implementation of the "MathemaTIC" educational program in two schools in Chinandega, Nicaragua. The schools will receive 300 laptops to complete the program.
- Pencils of Promise (PoP), to fund one of 14 schools Pencils of Promise will build in the Luang Prabang Region of Laos this year. A typical PoP school has 4 classrooms and a minimum lifespan of 20 years.
The MoneyGram Foundation plans to distribute two more rounds of grants in 2016.