Western Union Foundation Announces Commitment to Drive $500 Million in Wage Gains - Seite 2

In addition to supporting nonprofits providing effective solutions that drive economic mobility, Prosperity Beyond Borders will be anchored by the Foundation’s two successful signature programs:

Western Union Foundation Global Scholars

The Western Union Foundation launched the Global Scholars program in 2017 to provide funding for international students struggling financially to complete their final years of college. Western Union Scholars are selected based on their academic standing, personal goals and level of financial need. The Foundation works with the Institute of International Education to accept nominations, select awardees and distribute scholarships. To date, the Foundation has funded more than 500 scholarships with plans to provide more than 130 additional scholarships through Prosperity Beyond Borders.

Western Union Foundation Fellowship

The Western Union Foundation Fellowship was launched in 2021 to further develop business and community leaders who have experienced displacement themselves, or are serving those that have been forcibly displaced, with leadership training and seed funding to launch ventures that serve a social purpose. Powered by Watson Institute, this Fellowship program has directly supported more than 75 burgeoning entrepreneurs and community leaders to date, with plans to support more than 130 Fellows throughout Prosperity Beyond Borders.

Prosperity Beyond Borders is the evolution of the Foundation’s successful completion of Opportunity Beyond Borders, through which $20 million was invested, reaching more than two million people worldwide and connecting 50,000 individuals to economic opportunities as reported in their most recent Impact Report. Throughout this program the Foundation deeply analyzed its impact to inform its next commitment and is increasing focus on the programs that can help even more people gain economic opportunity and the chance to build a more prosperous future.

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About the Western Union Foundation

The Western Union Foundation’s mission is to be a catalyst for economic opportunity for people who migrate in pursuit of a more prosperous future. With more than two decades of impact, we continue to deliver on our mission with Prosperity Beyond Borders, a multi-year commitment to drive $500 million in aggregate wage gains for disadvantaged, high-potential people who lack access to economic mobility. To date, we have invested more than $140 million in nonprofits spanning over 150 geographies. The Western Union Foundation is a separate, tax-exempt 501(c)(3) charitable corporation and receives support from The Western Union Company, its employees, agents, customers, and business partners. Contributions to the Foundation are tax-deductible for U.S. income tax purposes. To learn more, visit www.westernunionfoundation.org or follow us on X (formerly Twitter) @WesternUnionFdn.

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The The Western Union Company Stock at the time of publication of the news with a fall of -2,80 % to 11,82USD on Tradegate stock exchange (13. September 2023, 22:26 Uhr).