MoneyGram makes $1 million home-building commitment to Habitat
Expanded relationship will build homes for 26 families in 24 countries
AMERICUS, GA. (March 2, 2005) – Habitat for Humanity International announced today that MoneyGram International Inc., will donate $1 million over five years to help Habitat build affordable housing for families around the globe.
The announcement expands the scope of MoneyGram’s initial commitment to Habitat in 2004 – a donation of $200,000 to build 30 homes in 14 countries. MoneyGram officials said they will continue to make annual donations of $200,000 through 2008, expanding the number of countries where it will sponsor home-builds.
“As a global company, our customers circle the world,” said Phil Milne, president and chief executive of MoneyGram. “Since we believe in giving back to the communities where we do business, we wanted to find a way to effectively reach each out and make a difference in the lives of people in many corners of the world. With the help of Habitat, we will be able to make a significant contribution to the lives of many people by providing decent and affordable housing.”
For 2005, MoneyGram has earmarked its donation to build 26 homes in 24 countries, including Argentina, Mexico, China, Uganda, Nigeria, Romania, Bulgaria and the tsunami-ravaged countries of India, Sri Lanka and Indonesia. One of the homes will be built in the United States in the Denver area, where MoneyGram operates its major call center. Denver was chosen to provide MoneyGram employees in that area the opportunity to work on MoneyGram’s Habitat house and to make an important contribution to their local community.
“We welcome the global scope of MoneyGram’s commitment,” said Paul Leonard, chief executive officer of Habitat for Humanity International. “The dream of decent and affordable housing is one that people around the world share, and Habitat can continue to make that dream a reality for more families with the help of dedicated partners like MoneyGram.”
“This alliance with Habitat is a natural fit with the MoneyGram Global Giving Program, and it’s closely aligned with our corporate purpose of helping people by providing affordable, reliable and convenient payment services,” said Milne. “People who use our money transfer service are generally sending money home to help their families.”
Besides the work with Habitat, the MoneyGram Global Giving Program includes a disaster relief program that utilizes the company’s agent network in the U.S. for expediting donations for disaster assistance. Following the recent tsunami, for instance, MoneyGram collected more than $263,000 in donations for the American Red Cross’ tsunami relief efforts. The company also supports the United Way and numerous non-profit, community-focused organizations and programs. MoneyGram International, Inc. (NYSE:MGI) is a leading global payment services company and S&P MidCap 400 company. Major products and services include global money transfers, money orders and payment processing solutions for financial institutions and retail customers. MoneyGram, with more than 75,000 agents in 170 countries, had more than $825 million in revenue in 2004. For more information, visit the company’s website at www.moneygram.com .
About Habitat for Humanity International
Habitat for Humanity International, based in Americus, Ga., is an ecumenical Christian ministry dedicated to eliminating poverty housing. By the end of 2005, Habitat will have built its 200,000th house and more than one million people will be living in Habitat homes they helped build and are buying through no-profit, zero-interest mortgages. www.habitat.org .