Operation HOPE, Inc., is an American

non-profit A nonprofit organization (NPO), also known as a nonbusiness entity, nonprofit institution, not-for-profit organization, or simply a nonprofit, is a non-governmental (private) legal entity organized and operated for a collective, public, or so ...

organization providing

financial literacy Financial literacy is the possession of skills, knowledge, and behaviors that allow an individual to make informed decisions regarding money. Financial literacy, financial education and financial knowledge are used interchangeably. Financially un ...

empowerment and economic education to youth and adults. The mission of this organization is providing everybody with enterprise work and the programs carried out by Operation HOPE, Inc.

Andrew Young Andrew Jackson Young Jr. (born March 12, 1932) is an American politician, diplomat, and activist. Beginning his career as a pastor, Young was an early leader in the civil rights movement, serving as executive director of the Southern Christia ...

is the global spokesman of the organization and

John Hope Bryant John Hope Bryant (born February 6, 1966) is an American financial literacy entrepreneur and businessman. Bryant is the founder, chairman and chief executive officer of nonprofit Operation HOPE, chief executive officer of Bryant Group Ventures an ...

is the chairman. Operation HOPE serves 4,000 inner city schools, 500 low-wealth communities, and conducts programs in South Africa, Saudi Arabia, Morocco, and the United Arab Emirates. Bryant has procured $2 billion in private investments to support the organization's mission.

History

Operation HOPE, Inc., was founded by

on May 5, 1992, immediately following the 1992

Rodney King riots The 1992 Los Angeles riots were a series of riots and civil disturbances that occurred in Los Angeles County, California, United States, during April and May 1992. Unrest began in South Los Angeles, South Central Los Angeles on April 29, after ...

Los Angeles Los Angeles, often referred to by its initials L.A., is the List of municipalities in California, most populous city in the U.S. state of California, and the commercial, Financial District, Los Angeles, financial, and Culture of Los Angeles, ...

California California () is a U.S. state, state in the Western United States that lies on the West Coast of the United States, Pacific Coast. It borders Oregon to the north, Nevada and Arizona to the east, and shares Mexico–United States border, an ...

. On October 8, 2019, Operation HOPE reported it is reissuing the 2017 audited financial statements and is also reorganizing to improve its operations and finances.

Programs and services

Project 5117

Project 5117's aim is to help the economically weaker section of the society. Project 5117 has an alliance with the U.S. Consumer Financial Protection Bureau (CFPB). Project 5117 stands for 5 million youth empowered, out of them turning 1 million into future entrepreneurs, opening 1,000 empowerment centers and attaining 700 credit score communities.

Youth Empowerment Group

Youth Empowerment Group, also called Banking on Our Future, focuses on improving the dignity and economic self-sufficiency of people in under-served communities by providing them with financial literacy.

HOPE Coalition America

HOPE Coalition America is a financial emergency preparedness and recovery service. It provides financial and economic assistance to those affected by natural disasters. It also provides pre-disaster preparedness planning.

HOPE Corps

HOPE Corps comprises Operation HOPE's network of volunteers. The volunteers promote financial self-sufficiency and empowerment in the areas where this kind of knowledge is most helpful.

Office of Small Business & Entrepreneurship

This wing of Operation HOPE promotes youth entrepreneurship by creating communities of economic opportunities. The program aims to increasing the number of young Americans involved in small business and entrepreneurship.

References

{{Authority control Non-profit organizations based in Los Angeles Organizations established in 1992 Personal finance education