Switzerland-based Zurich Insurance Group said itwill donate $744,250 to 126 nonprofit organizations throughout theUnited States.
|Zurich’s North American grant program recipients were announcedon Monday to kick off its fifth annual Global Community Week, a weeklong celebrationof Zurich’s commitment to making a sustainable difference in localcommunities.
|The company said 46 of its offices around the world areparticipating this year.
|“Our grants program in North America helps nonprofits maketangible changes in the communities where we live and work,” saidMike Foley, North America commercial CEO and regional chairman ofNorth America for Zurich Insurance. “Global Community Week is ourway to acknowledge and celebrate the time and resources ouremployees contribute to their local communities.”
|The company added that it reviews grants annually fornonsectarian 501(c)(3) charities that have a mission that alignswith Zurich’s three focus areas for community investment: healthand welfare of children in need; community resilience; and health.The charities must also meet the following criteria:
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- Employee involvement in the nonprofit.
- Alignment with Zurich’s mission.
- Proximity to Zurich offices.
- Low administrative cost ratio.
- Commitment to diversity and inclusion.
Zurich said in 2015, nearly one-third or approximately 18,000 ofits employees around the world volunteered more than 31,000 hoursin activities during its Global Community Week, adding that morethan 3,100 of that number were skills based. Additionally, 2,100 ofits North American employees logged 7,100 hoursof volunteering time.
|Related: Zurich Insurance surges as net income beatsestimates on overhaul
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Trudy Knockless
Trudy Knockless is a reporter on ALM Media's Business of Law desk. She has a background serving legal and insurance publications. Contact her at [email protected] or on LinkedIn at Trudy Knockless.
