By Loretta Worters, Triple-I Vice President of Media Relations
Insurance industry contributed more than $1 billion to charity in 2022, according to independent review Insurance Industry Charitable Foundation (IICF).
In addition to the industry’s charitable giving, the IICF Charitable Giving Index revealed other community contributions in 2022, demonstrating the industry’s dedication to giving and volunteerism:
- 137,300 nonprofit partners and causes supported
- Volunteer service hours reached 7.5 million hours
- 94,000 insurance professionals volunteered
The numbers were released on National Philanthropy Day, Nov. 15, which is celebrated by fundraising professionals, government leaders, foundations, corporations, individual donors and others who want to recognize the contributions of philanthropy.
“Philanthropy Day provides an opportunity to reflect on the meaning of giving and what the insurance industry has accomplished,” said Elizabeth (Betsy) Myatt, IICF vice president and chief program officer. With research support from Triple-I, IICF reviewed responses from 120 institutions. data. Representing companies across all sectors of the insurance industry, get a snapshot of industry-wide charitable giving and support data.
“These collective philanthropy survey results provide the industry with a significant digital representation of the generous charitable giving and support of many insurance companies,” said Myatt, who also serves as executive director of IICF’s Northeast Division.
IICF is a nonprofit organization that combines the common strengths of the insurance industry to help communities and enrich lives through grants, volunteerism and leadership. Founded in 1994, it has been the industry’s charitable voice and foundation for nearly 30 years. IICF has contributed $47 million in community grants and more than 337,000 volunteer hours from more than 115,000 industry professionals. IICF reinvests where funds are raised, serving hundreds of charities and nonprofits to maximize community impact.
Among the many charities awarded by IICF are:
- children need morea 501(c)(3) nonprofit charitable organization dedicated to improving the lives of children and families in response to life-threatening threats and traumatic disruptions to the normal childhood experience;
- 180 Turn your life aroundwhich provides programs and services to victims of domestic and sexual violence;
- boston scorehelping to break down barriers and promote racial and gender equality;
- National Alliance on Mental IllnessIts mission is to help families and individuals affected by mental illness live better lives through education, support and advocacy.