Press releases

Legal & General America Raises over $900,000 for Charity through its Annual Charitable Giving Campaign

Legal & General America (LGA) has raised over $900,000 through its Annual Charitable Giving Campaign. A portion of the funds raised will be donated to Boys & Girls Club of Frederick County, as well as hundreds of other charities chosen by LGA employees.

2 Dec 2020

Full press release

The campaign, which was fully digital this year due to the pandemic, kicked off on Oct. 26, 2020 and ran through Nov. 6, 2020. The expected final amount raised is on track to exceed last year’s campaign.

Boys & Girls Club of Frederick County is a non-profit organization that provides young people with a club of their own, providing quality out-of-school programs in a safe, friendly, and inclusive environment. Boys & Girls Club of Frederick County focuses on positive values in the relationships that club members have with each other and the staff. The goal is for each club member to make appropriate choices in their physical, personal, social, emotional, vocational, and spiritual lives. Since March, the Club has remained open for children of essential personnel and remains open for those families and other kids that “need it most”.

As part of its annual campaign, LGA employees raised over $450,000 with the help of local community members. Employees were able to pledge to a charity of their choice, while in-house fundraising events benefited Boys & Girls Club of Frederick County. LGA matched the amount raised by employees bringing the total to over $900,000.

The theme of the 2020 campaign was “Building Great Futures”, which was inspired by the Boys & Girls Club of Frederick County.

Mark Holweger, President and CEO of LGA: "Our Frederick office is home to over 600 employees who are committed to their local community. It is amazing to see this dedicated group of people raise so much for deserving charities.

We are thrilled to support Boys & Girls Club of Frederick County."

Lisa McDonald, Executive Director of Boys & Girls Club of Frederick County: "We are humbled by the generosity of the LGA employees.

LGA is an incredible partner. Now more than ever, we need to support our children and families through this challenging year. Investments in the children are investments in our future."

Steven Burton, Vice President of Digital Customer Experience and Marketing Analytics and Chairperson of the 2020 LGA Charity Campaign: "When we learned about the amazing work that the Boys & Girls Club of Frederick County does in our local area and how much we could do to support their cause in this most difficult of years, we knew we were making a great choice for our designated charity. We were also excited to rise to the challenge of running a virtual charity campaign - a first for our company - and through the use of some new tools and some creative thinking, together with LGA’s strong commitment to charity and the generous support of our LGA team, we were able to achieve great things."

Further information

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Jason Konschnik

Senior Manager, Integrated Marketing

Legal & General America

T: +1 203-815-5433

Email Jason Konschnik

Notes to editors

Established in 1836, Legal & General is one of the UK’s leading financial services groups and a major global investor, with £1.2 trillion in total assets under management (as at FY23) of which c40% (circa £0.5 trillion) is international.

We have a highly synergistic business model, which continues to drive strong returns. We are a leading international player in Institutional Retirement, in Retail Savings and Protection, and in both public and private markets through our Asset Management division. Across the Group, we are committed to responsible investing and dedicated to serving the long-term savings and investment needs of customers and society.

As at 7 June 2024, we estimate the Group’s Solvency II coverage ratio to be 224%.

As at 11 June 2024, Legal & General has a market capitalisation of £14.6 billion.

LGIA is one of the nation’s strongest life insurers, and number three in term life insurance sales in the United States (LIMRA Q2 2023 report). LGA’s insurance products are sold nationwide through its companies Banner Life Insurance Company in 49 states and D.C. and William Penn Life Insurance Company of New York in New York. LGA has an A.M. Best rating of A+ (Superior) – 2nd highest out of 15 categories and AA- from Standard & Poor’s (Very Strong capacity to meet financial commitments). Ratings are as of November 3, 2022, and apply to Legal & General America Group and its subsidiaries Banner Life Insurance Company and William Penn Life Insurance Company of New York. All ratings are subject to change.

*as at December 2023