This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

MoneyGram Builds On History Of Global Giving; Launches MoneyGram Foundation

MoneyGram (NYSE: MGI), a leading global money transfer company, today announced the launch of the MoneyGram Foundation, whose mission is to demonstrate the company’s passion for educating young minds. The Foundation will focus on funding programs that provide educational resources and basic school supplies to millions of school-age children around the world.

MoneyGram has a long history of giving to worthy causes. Since 2006, the company has donated approximately $500,000 annually to non-profit organizations through its Global Giving program supporting basic needs, microfinance programs, essential education services and disaster relief. These programs were often identified by the company’s employees and agents. In the past month, MoneyGram’s Global Giving program has given $230,000 to organizations in more than a dozen countries across Africa, Asia, Eastern Europe, Latin America and North America.

The company’s philanthropic efforts have evolved into establishing the MoneyGram Foundation. With its guiding principle, “Inspiring minds. Improving lives.,” the focus of the MoneyGram Foundation is rooted in the belief that education is at the heart of better economic opportunities, healthier families and individual freedom and empowerment.

“For the past 70 years, MoneyGram and our agents and employees have been inspired by our customers’ drive to create better opportunities for their families, which in many cases means leaving their loved ones behind to live and work in other countries,” said Pamela H. Patsley, chairman and chief executive officer. “Establishing the MoneyGram Foundation strengthens our commitment to help individuals, families and communities through the support of educational programs worldwide.”

Empowerment Through Education

MoneyGram’s 2012 grants to date have been made to the following organizations and programs:

  • $30,000 to Communities In Schools Dallas Region (CISDR) to support the “Girls Exploring Math and Science” (GEMS) program. GEMS offers classroom and experiential learning opportunities to female middle-school students in science, technology, engineering and mathematics. This gift will enable GEMS to add another school and 50 students to the overall program.
  • In India – a country with one of the largest populations of children without access to education – MoneyGram has given $100,000 to Holt International Children’s Services to subsidize school fees and provide school uniforms, books and school supplies for three years for 300 girls. This donation will help enable girls to stay in school and improve their chances of a better future.
  • In many parts of the world, children miss out on an education due to the lack of basic school supplies. MoneyGram’s $100,000 donation to World Vision delivered much-needed school supplies to 10,000 children in Albania, Ghana, Haiti, Kenya, Laos, Romania, Rwanda, the Philippines, and Vietnam, among other countries.

The World We Serve

MoneyGram makes grants to support educational opportunities for children around the world. Grants are awarded solely for charitable purposes, and priority will be given to proposals focused on academic programs that are likely to have a significant impact on in the lives of children.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community


DOW 18,140.00 +98.46 0.55%
S&P 500 2,114.86 +10.66 0.51%
NASDAQ 5,068.6410 +35.89 0.71%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs