Tuesday, May 15, 2012

Aidmatrix Foundation Receives $350,000 Grant from The UPS Foundation

The Aidmatrix Foundation today announced that it received a $350,000 grant from The UPS Foundation, the charitable arm of UPS (NYSE:UPS). The grant will be used to expand the International Transportation Program, which UPS helped found, as well as for the continuation and expansion of the SCM4Good™ technology platform.

The International Transportation Program addresses the rising costs of transportation for humanitarian relief organizations. It enables relief organizations, also known as non-governmental organizations or NGOs, to access free and discounted transportation services. It works two ways. First, transportation providers post their excess capacity on the system so NGOs can take advantage of it. Second, NGOs post their transportation needs and a number of transportation providers provide discounted bids for the work. All of the NGOs and providers are vetted prior to joining the program. Support from The UPS Foundation in 2012 will expand the program dramatically by increasing the number of nonprofit organizations participating in the program as well as increasing the number of countries served. In addition to the 350K cash grant, UPS is also providing up to 100K of in-kind shipping services for humanitarian agencies that use this International Transportation Program portal.

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