The MoneyGram Foundation announced today it has awarded a new grant worth more than $50,000 to the Asia Foundation in the Philippines.

The grant will help fund the “Inspiring Minds with the Gift of Literacy” project, which will provide 50,000 new books and 20 mobile “MoneyGram Gift Carts” to 100 schools in the Philippines over two years. The books, valued at $1.5 million, will directly benefit more than 500,000 students and teachers across underserved and rural Filipino communities. Over the next two years, four major events will be held at five schools without traditional libraries.

The announcement was made today during an event at Aurora A. Quezon Elementary School in Manila. Representatives from both organizations spoke about the importance of literacy and education.

“The MoneyGram Foundation is committed to providing equal education to every child, especially those in underserved communities. By supporting the Asia Foundation’s mission to provide access to books and libraries across the Philippines, we are standing behind the idea that equal learning opportunities should be available for all, “ said Joann Chatfield, Chief Marketing Officer at MoneyGram.

Programs aimed at boosting literacy and providing students with access to books have proven to have positive outcomes in the quality of education. Through the mobile “MoneyGram Gift Carts” and books, the Asia Foundation will be able to reach far flung communities that wouldn’t have access to learning resources.

“The Asia Foundation has provided books to the Philippines since 1954 and continues to believe in the power of literacy to positively impact lives, both now and in the future. The Asia Foundation is grateful to the MoneyGram Foundation for its support in helping communities across the Philippines,” said Deputy Country Representative Ethan Geary.

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