Western Union Foundation Overview 1
Western Union s Our World, Our Family Program Launched in September 2007, Western Union s Our World, Our Family program is a $50M, five-year corporate commitment to creating economic opportunity. 2 2
Program Framework Western Union s Our World, Our Family Program Creating economic opportunity for everyone Our World Gives Our World Connects Our World Speaks Focus: Gifts of cash and time Sample programs: Grant-making (for NGOs, disaster, family scholarships, etc.) Employee gift match (for NGOs & WUF) Agent gift match Giving Circles VolunteerMatch* MicroMentor* Ashoka* Dollars for Doers* Paid day off to volunteer* *Volunteer programs Focus: Content/cause communications Sample programs: Financial/educational tools for consumers (e.g., Getting to Know & the WU savings booklet) Cause-related consumer fundraising Issue-focused advertising Issue-focused sponsorship Cause-related special events Retail promotions of OWOF (collateral, etc.) Cause-related grassroots marketing Issue-focused community relations Social media cause programs Focus: Advocacy Sample programs: Speaking engagements Original research Publications Convening Advocacy/government relations Community relations Nonprofit board service NGO membership/event attendance (includes BCLC, CGI, Conference Board, etc.) 3
Our World, Our Family Program 4
African Diaspora Marketplace Our World Gives: $1.4M to start/expand businesses in Africa Broad internal collaboration: WU business team, Public Affairs, Foundation and Agents Program also engaged government, academic and NGO partners Our World Connects: Broad cross-corridor consumer outreach Business plan competition for African migrants in the U.S. aids small businesses in Africa 733 proposals, 58 semifinalists, 14 new/expanded enterprises Our World Speaks: Collaboration with government, NGOs and academics Washington, D.C.-based business fair provided outstanding visibility for the brand and the issue Program garnered 23 news stories in major international media, pan-african press and the US 5
United Nations Development Program (UNDP) The Western Union Foundation and the UNDP are collaborating to develop a replicable framework to leverage remittances for economic development for communities in the Philippines and Morocco. The main objective of the program is to promote the concept of "collective remittances," where Filipinos and Moroccans living and working overseas can pool their funds for investment in projects that yield community-wide economic benefits in their home countries. These investments will fund projects ranging from agriculture-related cooperatives, rural banks and micro-finance organizations, among others. Leaders from the government, NGOs and the private sector will be involved in the program in both countries. 6
4 + 1 Program In 2008 and in 2009, Western Union created an initiative termed 4+1 by contributing funding to support 26 productive projects proposed within 3x1.* The company s goal was to contribute to businesses that would create jobs and sustainably strengthen local economies that experience a high rate of emigration. The financing supported the establishment or expansion of small and micro-enterprise activities across five states and averaged US$28,800 per project, contributing to a per project average total of almost US$200,000. The businesses supported within 4+1 are predominantly agricultural and tend to be oriented toward the local economy. Key Learnings: Financing increased the investment capital available to small businesses and permitted entrepreneurs to undertake activities which they had considered for many years, but for which they lacked funding. The initiative was successful in channeling funds to small businesses, helped create employment and generate commerce in the localities. The businesses needed more technical capacity and value-chain integration. The investment has helped support the creation of small and micro-enterprises, but has not set a basis for their long-term sustainability. * The 3x1 program is an initiative sponsored by the Mexican federal government with the aim of increasing funds available for local development. The initiative matches every dollar that migrant associations abroad contribute to a local development project with equivalent funding from the municipal, state, and federal governments. Thus every dollar that a migrant association contributes is quadrupled through the donations of the various governmental agencies. 7
Our Agents make lives better! Through the Agent Giving Program, Western Union matches donations from its Agents, up to $100,000 per calendar year. These funds flow through the Western Union Foundation and are then granted to mutuallyagreed-upon NGOs providing disaster response, education, and economic empowerment programs. Since 2001, 467 Agents have engaged with the Foundation, donating a total of $31.3 million. Total = $31.1 million 8
Helping in Times of Disaster Case example: $6.85M in support for Haiti First grants issued within 24 hours Post-disaster, we got money to people when, where and how they needed it most fee free Ongoing engagement with 12+ leading global groups, including the UN and The Clinton Global Initiative Balanced focus between immediate response and long-term recovery through small business (Mercy Corps) and education (UNICEF) 9
Western Union Foundation: Moving Money for Better Since 2001: Needs in our local communities 2,033 NGOs 2,429 grants $73.8 million 108 countries Western Union Confidential 2011 Western Union Holdings, Inc. All Rights Reserved.