Western Union Foundation Celebrates Driving $150 Million in Wage Gains in 2023 Impact Report
May 30 2024 - 7:00AM
Business Wire
The Western Union Foundation announced that it drove more than
$150 million (USD) in wage gains, helped create nearly 4,000 new
jobs, and served as a catalyst for economic opportunity for more
than 11,000 people in its 2023 Impact Report.
The Western Union Foundation’s latest Impact Report highlights
key programs, nonprofit partners, and beneficiary stories that were
part of the first year of the organization’s 3-year Prosperity
Beyond Borders commitment – a social impact initiative to drive
$500 million in aggregate wage gains for people who currently lack
access to economic mobility.
Through Prosperity Beyond Borders, the Western Union Foundation
focuses on workforce readiness, jobs creation, and ecosystem
improvements for people who migrate in pursuit of a more prosperous
future. Stories featured in the report include:
- Arian, an international student originally from Iran who is
aspiring to save lives through cancer research and who credits his
Western Union scholarships as helping him afford to graduate.
- Catherine, Western Union Foundation Fellow and co-founder of
the Safe Girl Initiative who empowers refugee women in Uganda
through menstruation education and resources.
- Enrique, an aspiring full-stack developer who had limited
opportunities to learn the skills needed for this field until he
migrated to Colombia and was connected to coding bootcamps.
“We’re proud of the impact we achieved in the first year of
Prosperity Beyond Borders,” said Lauren Bell, Executive Director of
the Western Union Foundation. “From scholarships and fellowships to
digital skill building and entrepreneurship – our investments in
people and programs are creating long-term impact for participants
both today, as well as for future generations.”
The Western Union Foundation’s impact is a testament to the
generosity and support of Western Union, its employees, and its
corporate partners. In 2023 alone, Western Union employees donated
to more than 800 different organizations and volunteered over
15,700 hours.
“At the core of Western Union, we strive to help people and
communities around the world prosper and the Western Union
Foundation’s mission and impact are a shining example of our
purpose in action,” said Ben Adams, Chief Legal Officer of Western
Union and Board Chair of the Western Union Foundation.
Learn about the programs that helped make a difference and hear
from some of the 11,000 people who connected to economic
opportunities through Prosperity Beyond Borders by reading the
Western Union Foundation’s full Impact Report.
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, the
Foundation continues to deliver on their 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. 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.
About Western Union
The Western Union Company (NYSE: WU) is committed to helping
people around the world who aspire to build financial futures for
themselves, their loved ones and their communities. Our leading
cross-border, cross-currency money movement, payments and digital
financial services empower consumers, businesses, financial
institutions and governments—across more than 200 countries and
territories and nearly 130 currencies—to connect with billions of
bank accounts, millions of digital wallets and cards, and a global
footprint of hundreds of thousands of retail locations. Our goal is
to offer accessible financial services that help people and
communities prosper. For more information, visit
www.westernunion.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20240530856869/en/
Western Union Foundation: Robyn Burns,
robyn.burns@wu.com
Western Union: Bradley Jones, bradley.jones@wu.com
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