GLEWOOD, Colorado— The Western Union Company and the Western Union Foundation today announced the official kick-off of the next phase of its Education for Better program, committing to invest US$1M to train 50,000 women and youth across the Americas, Europe Union, Africa and Asia over the next five years.
“We are proud to continue the Education for Better campaign, leveraging the strength of The Western Union Company’s global network, the Western Union Foundation and its NGO partners, to provide meaningful educational opportunities and positive social impact throughout many of the communities Western Union serves”
The financial commitment fulfills a pledge made in September 2012 during the launch of the United Nations Education First initiative. The program will leverage Western Union® and Western Union Foundation services, advocacy, cause marketing, philanthropic investments and employee engagement to support education programs worldwide.
“We are proud to continue the Education for Better campaign, leveraging the strength of The Western Union Company’s global network, the Western Union Foundation and its NGO partners, to provide meaningful educational opportunities and positive social impact throughout many of the communities Western Union serves,” said John Dye, Board Chairman, Western Union Foundation.
Following a week that celebrated women globally during International Women’s Day, the Western Union Foundation named six global non-governmental organizations (NGOs) to help meet program goals across the world:
SOS Children’s Villages (Africa) will receive funding to support vocational and life skills training for orphaned and abandoned youth, especially young women, in the DRC, Ethiopia, Kenya, Mali, Morocco, Nigeria, Senegal, and South Africa. Other organization that will be supported by this initatitive, include Save the Children, Teach for All, Education for Employment, Junior Achievement Americas, National Academy Foundation and the National Academy Foundation.
The Solutions for Youth Employment Coalition (S4YE) states one third of the world’s 1.8 billion young people are currently neither in employment, education or training – most of them women. Of the one billion more youth that will enter the job market in the next decade, only 40 percent are expected to be able to get jobs that currently exist. The global economy will need to create 600 million jobs over the next 10 years – five million jobs each month - simply to keep pace with projected youth employment rates.
To date, the Western Union Foundation has pledged more than 76 percent of the US$104 million committed to advance education and economic development.