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The MoneyGram Foundation Continues to Improve Education With Book Donation Initiative in the Philippines

February 26, 2015 | Press Release

CEBU, Philippines (February 26, 2015) (GLOBE NEWSWIRE) -- MoneyGram (NASDAQ:MGI), a leading global money transfer company, continues to support educational improvements in the Philippines-one of the largest and most dynamic remittance markets in the world-through a grant by the MoneyGram Foundation to The Asia Foundation.

Over the past year, the MoneyGram Foundation has worked with The Asia Foundation, a non-profit international development organization, to donate more than 28,000 books to more than 30 schools throughout the country through the Books for Asia program. More than 6,000 books were donated to 10 public elementary schools and five colleges during a celebration today in Cebu. Cebu is still recovering from the loss of educational infrastructure and supplies that were destroyed during typhoon Haiyan in 2013.

"MoneyGram believes early education is at the heart of a better life through economic opportunities, healthier families, and individual freedom and empowerment and that inspiration drives the focus of the MoneyGram Foundation's work to improve education around the world," stated Alex Lim, MoneyGram's country manager. "The foundation continues to improve and restore educational access in the wake of the typhoon devastation, and we are excited to celebrate this book donation in Cebu, an area that is still in recovery."

The books and educational materials are aimed at developing children's English language skills, enhance knowledge of business, legal, and science professions, and infuse students with an early love of reading, which is critical to literacy.

The book distribution event was spearheaded by MoneyGram' country manager Alex Lim, The Asia Foundation's country representative Dr. Steven Rood, and The Asia Foundation's Books for Asia program coordinator Reynald Ocampo.

The MoneyGram Foundation focuses solely on improving education by providing access to educational facilities and learning resources for children around the world. The grant to the Books for Asia program to fund book distribution in the Philippines is just one of the many grants awarded in Asia through the Foundation.

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