The OzForex Group will donate global revenue generated on August 3 to charity, under a new company initiative that sees the group centralising its worldwide corporate social responsibility efforts.
All proceeds from the day will be divided between a selection of local charities, including The Sumba Foundation Australia and Suicide Prevention Australia.
The Sumba Foundation Australia is dedicated to improving quality of life for the indigenous people of Sumba, Indonesia, and is currently helping over 20,000 people in more than 147 villages.
In the Foundation's surveys of the schools and clinics in the area it was found that over 90% had neither running water nor a clean water source nearby.
Over the past 10 years, The Sumba Foundation Australia has been providing clean water, building and operating healthcare clinics, repairing and supplying schools, bringing in doctors and nurses and helping to eradicate malaria and malnutrition.
OzForex's donation will contribute to the Sumba Water Project, which will establish wells and associated infrastructure within the villages of Lolowo and Welajung, providing nearly 2000 people with clean water.
Dr Stephen Nolan, Chairman of The Sumba Foundation Australia, said "The Sumba Water Project is about providing the people of Sumba with the basic infrastructure that allows opportunity to flourish."
Neil Helm, OzForex CEO said "We are thrilled to see our efforts touch such an array of worthy causes, and I am proud of our employees' support for these initiatives. In particular, our partnership with The Sumba Foundation Australia reflects our passion for giving back to society as global citizens."
Suicide Prevention Australia is a non-profit, community organisation working as the peak body for suicide prevention in Australia. The donation to Suicide Prevention Australia will fund the recruitment of a new staff member dedicated to fundraising and awareness.
Additional funds will be donated to charities in Canada and the United Kingdom, as selected by OzForex employees in each respective office:
International money transfers at better rates than the banks.