DENVER--(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.
