The Western Union Foundation Continues its Commitment to Supporting Education with Global WU Scholars Program
April 20 2018 - 8:00AM
Business Wire
Students across the world are encouraged to
apply for the scholarship program before April 30
The Western Union Foundation is now accepting applications for
its WU Scholars Program* for the second year in a row. This global
scholarship program is focused on supporting students around the
world who are pursuing a post-secondary education in the areas of
science, technology, engineering, mathematics (STEM), business and
entrepreneurship.
“Education opens the door to economic opportunity,” said
Jacqueline Molnar, Western Union Foundation Board Chair. “The
Western Union Foundation is committed to helping people all over
the world gain access to job-focused education, which in turn can
translate into better careers and better pay.”
Students are selected as WU Scholars based on their
accomplishments and personal goals related to the program’s three
pillars: perseverance, aspiration, and community. Students receive
USD $2,500 (or the local currency equivalent) as a contribution
toward their tuition or school fees at the accredited
post-secondary institution where they are enrolled. To apply,
students must complete the application, available at
www.WUScholars.org. Applications will be accepted through April 30,
2018 at 11:59pm EDT. Selected applicants will be notified in July.
Click here to watch the WU Scholars video.
The WU Scholars Program is part of the Western Union
Foundation’s mission to connect underserved populations to the
global economy through education. The Foundation works to advance
educational opportunities for women, youth, migrants and refugees
through funding NGOs, thought leadership, employee donations and
volunteerism. According to the UNESCO Global Education Monitoring
Report, education increases earnings by roughly 10 percent per each
additional year of schooling.1 Research has also shown that
students who graduate with STEM or business degrees receive
starting salaries that are on average higher than their non-STEM or
business peers.2
“We recognize that education is one of the most powerful tools
we can help provide to people across the globe,” said Elizabeth
Roscoe, Executive Director of the Western Union Foundation. “Last
year’s WU Scholars class was spectacular, and we are very excited
to see the caliber of applicants this year who aim to use their
education to make a positive impact in their communities and
beyond.”
In 2017, the WU Scholars Program awarded 174 scholarships to
post-secondary students in 65 countries. Sixty-eight percent of
recipients were female, and the scholars represented more than 150
colleges and universities across the globe. Selected students from
last year aim to help solve major global challenges, including
building better infrastructure and improving access to
technology.
As part of the WU Scholars program, the Western Union Foundation
has pledged to award a minimum of 100 scholarships, along with
Western Union Agent contributions. Western Union Agents and
business partners can sponsor students in their region and receive
a dollar-for-dollar contribution matched by the Western Union
Foundation. Agent sponsors for the 2018 program include:
GraceKennedy Financial Services, Vimenca, Aman Exchange, Community
Financial Service Centers and Pay-O-Matic. In 2017, Agents
contributed more than USD $200,000 to the WU Scholars program.
* The Program is administered and operated by the Institute of
International Education, Inc. (IIE), a US private not-for-profit
leader in the international exchange of people and ideas.1 UNESCO
Global Education Monitoring Report, 20162 U.S. Bureau of Labor
Statistics, January 2017
About the Western Union Foundation
The Western Union Foundation believes that education is one of
the surest pathways to economic opportunity. Through collaborations
with NGOs around the world, the Foundation has embarked on a
five-year mission to connect 50,000 migrants, refugees, women and
young people to the global economy through demand-driven skills
training and workforce enablement programs by 2020. The Foundation
also offers a global scholarship program that helps put a
post-secondary education in reach for in-need students studying in
the STEM fields and business. To date, more than $113 million has
been given to fund projects affecting more than 800,000 people in
137 countries across the globe, including humanitarian relief for
communities in crisis. The Western Union Foundation is a separate
charitable corporation that is tax-exempt under §501(c)(3) of the
US Internal Revenue Code, and receives support from The Western
Union Company, its employees, agents and business partners.
Contributions to the Foundation are tax-deductible for US income
tax purposes. To learn more, visit www.westernunionfoundation.org
or follow us on Twitter @TheWUFoundation.
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The Western Union CompanyRachel Rogala, +1 (720)
332-2686Global Corporate
CommunicationsRachel.Rogala@westernunion.com
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