Operation HOPE – a national nonprofit dedicated to helping low- and moderate-income Americans thrive – announced that it has exceeded its goal to secure $100 million in commitments – both in cash and in-kind – from its corporate members and partners to help drive its goal of bringing financial literacy and empowerment to all. And these commitments were made during the Annual HOPE Global Forums last week in Atlanta.
During the Forums, Operation HOPE partner Shopify had committed $60 million in additional in-kind contributions to its previous $130 million commitment from 2020, which was instrumental in the launch of Operation HOPE’s 1 Million Black Business initiative (1MBB). This new commitment will extend the in-kind use of Shopify’s e-commerce platform for 1MBB program participants, which has helped launch and grow more than 450,000 Black businesses.
Longstanding Operation HOPE partner Truist committed to a $20 million renewal supporting an expansion of its national footprint of HOPE Inside coaches at its bank branches, who assist individuals primarily from low-and moderate-income communities with credit counseling, small business development, and homeownership support – all at no charge to the client. And other commitments were made by longstanding and new Operation HOPE partners, including iHeart Media, Southern Company, and Target Foundation.
KEY QUOTE:
“We are extremely grateful to our partners that share our commitment to empowering families and individuals who seek to build security in their financial future with the tools, resources and advisors needed in today’s competitive global economy. Financial literacy, learning about business and entrepreneurship as well as access to capital are critical tools in building financial resiliency and uplifting communities, and we are proud to join other business leaders in growing prosperity in all corners of the U.S.”
- John Hope Bryant, Operation HOPE Founder, Chairman and CEO
