Zovio Provides $10,000 in Grants to Wounded Warrior Project

Rhea-AI Summary

Zovio (Nasdaq: ZVO) has donated $10,000 to the Wounded Warrior Project's Warriors to Work program, aiding post-9/11 veterans' transition to civilian life. The program provides career counseling, resume writing assistance, and connects veterans with employers. Recent data reveals a 16% unemployment rate among veterans, exacerbated by the pandemic. Zovio's support is aligned with its Corporate Social Responsibility goals to enhance learner success and remove barriers. The partnership emphasizes the significance of mental health, which affects veterans' employment prospects.

Positive

• Donation of $10,000 to Wounded Warrior Project supports veterans' employment initiatives.
• Alignment with Corporate Social Responsibility goals enhances Zovio's brand image.

Negative

• The rising veteran unemployment rate at 16% highlights ongoing challenges in this demographic.

CHANDLER, Ariz., Nov. 5, 2020 /PRNewswire/ -- Zovio (Nasdaq: ZVO), an education technology services company, has announced a $10,000 donation to Wounded Warrior Project ®'s (WWP) career counseling program, Warriors to Work®.

Warriors to Work helps post-9/11 wounded veterans and their families transition from military to civilian life by providing career support services such as resume writing assistance and interview preparation. The Warriors to Work program also partners with employers across various industries to help connect warriors and their families to employment opportunities.

According to a Wounded Warrior Project survey of the wounded warriors it serves, the warrior unemployment rate is 16%, up from 12% in 2019. Warriors reported barriers to employment include mental health issues, difficulty being around others, and being physically incapable.

"One of Zovio's Corporate Social Responsibility goals is to activate ambition for all learners, and remove barriers to success for everyone," said Vice President of Corporate Social Responsibility Jennifer Love Bruce. "Wounded Warrior Project's Warriors to Work program is a great example of those goals aligning."

The WWP Annual Warrior Survey shows 89% of WWP warriors say they have experienced more than three service-connected injuries or health problems. These range from physical pain like back or shoulder problems to post-traumatic stress disorder (PTSD), depression, and anxiety. These factors can make it a challenge for veterans entering the workforce.

Mental health has a significant impact on one's quality of life, and according to the same survey, WWP warriors score 28% below the national norm in psychological well-being. Additionally, veterans who suffered a serious combat injury were more likely to report problems with reentry (Pew Research Center). By providing support to those entering the workforce, the Warriors to Work program aims to improve those statistics.

"Wounded veterans are a historically challenged job-seeking population, and the difficulties they face transitioning to civilian life are now exacerbated by the pandemic," said Tom Kastner, WWP financial wellness vice president. "Consequently, Zovio's commitment to the Warriors to Work program is especially important and appreciated now. Their generous support will allow us to continue empowering warriors and their families to find their next careers, no matter the challenge."

About Zovio
Zovio (Nasdaq: ZVO) is an education technology services company that partners with higher education institutions and employers to deliver innovative, personalized solutions to help learners and leaders achieve their aspirations. The Zovio network, which includes Fullstack Academy, TutorMe, and Learn@Forbes, leverages its core strengths and applies its technology and capabilities to priority market needs. Using advanced data and analytics, Zovio identifies the most meaningful ways to enhance the learner experience and deliver strong outcomes for higher education institutions, employers, and learners. Zovio's purpose is to help everyone be in a class of their own. For more information, visit www.zovio.com.

About Wounded Warrior Project
Since 2003, Wounded Warrior Project® (WWP) has been meeting the growing needs of warriors, their families, and caregivers — helping them achieve their highest ambition. Learn more.

Contact: Alanna Vitucci
alanna.vitucci@zovio.com
858 668 2586 x11636

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SOURCE Zovio

FAQ

What is the purpose of Zovio's $10,000 donation to Wounded Warrior Project?

Zovio's $10,000 donation aims to support the Warriors to Work program, which helps veterans transition to civilian employment.

What challenges are veterans facing according to the recent survey?

The survey indicates a 16% unemployment rate among veterans, with barriers including mental health issues and the pandemic's impact.

How does Zovio align its donations with corporate goals?

Zovio's donations align with its Corporate Social Responsibility goals, focusing on removing barriers to success for all learners.

What services does the Warriors to Work program provide?

The program offers career support services like resume writing assistance and interview preparation for veterans.