Visa Foundation Awards $500,000 Grant to Operation HOPE to Boost Financial Inclusion Efforts
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Visa Foundation Awards $500,000 Grant to Operation HOPE to Boost Financial Inclusion Efforts

Description of the Company Receiving the Funding:
Operation HOPE is a national nonprofit organization established in 1992 with the mission of closing the racial wealth gap. It provides nocost financial counseling services such as Credit and Money Management, Home Ownership, and Small Business Entrepreneurship to primarily low and moderateincome communities across the United States.

What the Funding Will Be Used For:
The $500,000 grant from Visa Foundation will support Operation HOPEs growth and innovation efforts, allowing them to offer expanded services to their increasing client base. The focus is particularly on enhancing financial coaching services for womenowned business initiatives and supporting Visa Foundation’s membership in The 1865 Project—an initiative aimed at leveling the economic playing field for underserved Americans.

Who Led the Funding Round and Who Were the Investors:
The funding was led by the Visa Foundation, which has been actively championing efforts for financial inclusion globally.

Quotes and Official Statements:
“For years, Visa Foundation has been championing efforts to bring financial inclusion to communities around the world – a mission that is aligned with Operation HOPE’s work to bring financial literacy and empowerment to the underserved,” said Brian Betts, Operation HOPE President and Chief Financial Officer. “We are thrilled that Visa Foundation has made this meaningful commitment, which will help drive our impact – particularly in our support of womenowned businesses and for The 1865 Project, which helps us effect greater systemic change by promoting financial literacy in America.”

“Visa Foundation is committed to supporting inclusive economies where individuals and communities can thrive,” said Graham Macmillan, Visa Foundation President. “We believe in Operation HOPE’s mission and look forward to helping them empower womenowned small businesses in our communities to thrive.”

About Us Section:
Since its founding in 1992, Operation HOPE has aimed at transforming civil rights into silver rights, striving to make free enterprise and capitalism work for the underserved. The organization has impacted more than 4 million individuals, directing over $3.2 billion in economic activity into disenfranchised communities. Operation HOPE has received numerous accolades, including the highest rating from Charity Navigator for ten consecutive years and the 2016 Innovator of the Year recognition by American Banker magazine.
For more information, visit: [OperationHOPE.org](http://www.operationhope.org/).

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