ING Invests One Million Dollars in Operation HOPE to Support Silver Rights Movement for Financial Literacy

March 1, 2007 Los Angeles, CA Share: Print Subscribe to Email Alerts

Operation HOPE (HOPE), a leader in financial literacy and empowerment, today announced an expanded national partnership valued at $1 million dollars with ING, one of the world's leading financial services companies. The three-year commitment includes a $750,000 financial investment, a $250,000 contribution for in-kind support, and encourages ING employees to volunteer as HOPE Corps members, to teach financial literacy.

“We value ING’s renewed commitment to support Operation HOPE in its Silver Rights Movement for the economic empowerment of under-served communities,” said John Hope Bryant, founder, chairman and chief executive officer of Operation HOPE. Our expanded partnership will help ensure financial literacy through our Banking on Our Future program to promote financial literacy for youth nationwide as well as support the HOPE Center in Los Angeles.

The national sponsorship will allow ING the opportunity to grow its financial literacy legacy and position ING as a supporter and proponent for the empowerment of minority communities. With a specific focus on delivering services to Hispanic and African American youth, ING will become a lead sponsor of the Atlanta Banking on Our Future office, and provide major support for the Banking on Our Future offices in Los Angeles and Washington, D.C. in addition to lending support for the program nationwide. ING will also recruit employees to volunteer to teach Banking on Our Future curriculum where offices exist.

ING is noted for providing its customers and financial professionals with a vital link to the latest financial products and services in the marketplace and promoting employee involvement. ING is a global financial institution of Dutch origin with over 113,000 employees; offering banking, insurance and asset management to 60 million clients in more than 50 countries worldwide.

“As an international financial services and investment company, we at ING are proud to continue to sponsor HOPE’s Banking on Our Future program,” said Rhonda Mims, ING Foundation President and Head of Community Relations, who recently joined Operation HOPE’s national board. “Our goal is to help provide students an increased feeling of financial empowerment and confidence as they embark on independent lives, and we believe that is exactly what Operation HOPE is achieving.”

Banking on Our Future is a financial literacy initiative established by Operation HOPE in 1996 to teach children the basics of managing their financial futures and surviving in a global economy. The program is a winner of the Oprah’s Angel Network Award and the U.S. Treasury Department’s John Sherman Award for Financial Literacy Excellence and currently, it is the only national, year-round urban delivery platform for economic literacy in the country. To date, the program has educated more than 210,000 students across the country.

Press Inquiries

ING U.S. Financial Services
Phil Margolis, 860-723-4783
phil.margolis@us.ing.com

About ING

ING Group is a global financial institution of Dutch origin offering banking, insurance and asset management to more than 60 million private, corporate and institutional clients in more than 50 countries. With a diverse workforce of more than 113,000 people, ING comprises a broad spectrum of prominent companies that increasingly serve their clients under the ING brand.

In the U.S., the ING family of companies offers a comprehensive array of financial services to retail and institutional clients, which include life insurance, retirement plans, mutual funds, managed accounts, alternative investments, direct banking, institutional investment management, annuities, employee benefits, financial planning and reinsurance. ING holds top-tier rankings in key U.S. markets and serves more than 15 million customers across the nation. For more information, visit www.ing.com.

About Operation HOPE, Inc.

Operation HOPE, Inc. is a non-profit organization, which was founded in 1992 to empower minorities in underserved US communities by connecting them to mainstream, private-sector economic resources made available through ongoing collaborations and long-term partnerships with leading government, private sector, and community interests. HOPE and its programs can be found online at www.operationhope.org.