Trading firm extends five-year partnership to support
lasting education improvements in Africa and India regions
CHICAGO and AMSTERDAM, July 9,
2024 /PRNewswire/ -- IMC, a leading global market maker that
provides liquidity to financial assets on trading venues, today
announced it has renewed its partnership with Room to Read, a
global non-profit organization, for the next five years, with a
commitment to donate $30 million
between 2024-2028.
IMC has proudly supported Room to Read's mission to end
illiteracy across the globe since 2016. It has donated more than
$27 million to-date as a result of
its biggest annual charity event, Trading and Gaming Day for
Charity – this year taking place on July
16th. On that day, the energy and expertise of IMC's
employees is deployed in service to others by donating the firm's
global trading revenue for 24 hours in support of Room to Read's
Literacy Program, as well as other charitable organizations.
So far, these contributions have benefited 3.2 million children
in South Africa, Tanzania, and India through access to a quality education.
IMC's investment has enabled Room to Read to train 23,700 teachers
and librarians, distribute 1.9 million books, and support 6,000
schools throughout these regions. The next phase of the partnership
will enable Room to Read to provide books and other resources for
nearly 5.7 million additional children in Africa and India by 2030 and support lasting improvements
in education systems in the communities where Room to Read
works.
"Through the annual Trading and Gaming Day for Charity and our
local Foundations, IMC has supported a range of organizations
worldwide focused on helping young people develop to their fullest
potential. We know that a long-term approach to philanthropy that
includes multi-year funding is critical in order to create lasting
impact. With this renewed partnership, we signal our deep belief in
Room to Read as a leader in global education and our full support
of their commitment to expand their work in Africa and India," said Lisa
Wiersma, Executive Director of IMC Chicago Charitable
Foundation.
Room to Read CEO, Dr. Geetha
Murali, added: "Since 2016, IMC's transformational
investments in Room to Read have enabled us to scale our literacy
initiatives across Tanzania and
South Africa, paving the way for
significant, long-lasting improvements in learning systems across
the two countries. We're deeply grateful for our partnership with
IMC Trading, and for their commitment to ensuring children around
the world achieve strong literacy outcomes. This extended
partnership has created a tremendous opportunity for Room to Read
to accelerate our efforts across India and several countries in Africa, supporting us to proactively tackle
the ongoing education crisis and benefit more children, more
quickly."
Through this contribution, IMC will also continue to advance
progress against UN SDG4, 'Ensure inclusive and equitable quality
education and promote lifelong learning opportunities for all', one
of the seven UN SDGs the firm has adopted as part of its wider
sustainability initiatives.
About IMC
IMC is a leading trading firm, known
worldwide for our advanced, low-latency technology and world-class
execution capabilities. Over the past 35 years, we've been a
stabilizing force in the financial markets – providing the
essential liquidity our counterparties depend on. Across offices in
the US, Europe, and Asia Pacific, our talented employees are
united by our entrepreneurial spirit, exceptional culture, and
commitment to giving back. It's a strong foundation that allows us
to grow and add new capabilities, year after year. From entering
dynamic new markets, to developing a state-of-the-art research
environment and diversifying our trading strategies, we dare to
imagine what could be and work together to make it happen. Find out
more at www.imc.com.
About Room to Read
Founded in 2000 on the belief that
World Change Starts with Educated Children®, Room to
Read is creating a world free from illiteracy and gender inequality
through education. We are achieving this goal by helping children
in historically low-income communities develop literacy skills and
a habit of reading, and by supporting girls as they build life
skills to succeed in school and negotiate key life decisions. We
collaborate with governments and other partner organizations to
deliver positive outcomes for children at scale. Room to Read has
benefited more than 39 million children and has worked in 24
countries and in more than 192,000 communities, providing
additional support through remote solutions that facilitate
learning beyond the classroom. Room to Read aims to benefit 40
million children by 2025. Learn more at www.roomtoread.org.
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