Legal & General America (LGA) has raised $940,000 through its Annual Charitable Giving Campaign.
20 Jan 2020
A portion of the funds raised will be donated to Student Homelessness Initiative Partnership (SHIP) of Frederick County, as well as hundreds of others chosen by LGA employees. The campaign kicked off on Oct. 21, 2019, and ran through Nov. 8, 2019.
As part of its annual campaign, LGA employees raised $470,000 with the help of local community members. Employees were able to pledge to a charity of their choice, while in-house fundraising events benefited SHIP. LGA matched the amount raised by employees bringing the total to $940,000.
In school year 2018-19, homeless students were found in 61 out of the 66 schools in the Frederick County School System (FCPS). This issue cuts across all grades, all ethnicities and the numbers continue to grow each school year. The Frederick County community came together in late 2013 after learning that there are literally hundreds of children within FCPS that are encountering homelessness each year. SHIP has taken the initiative as a community and has partnered with individuals, organizations, human service agencies, businesses, and government to advocate and provide for these forgotten and often-overlooked children.
President & CEO of LGA’s Insurance Division Mark Holweger: "Our employees’ commitment to charities of their choice and the Frederick County community is absolutely astounding. Our Frederick office is home to approximately 600 employees, on-site and remote, who are responsible for raising nearly half a million dollars in just a few weeks.
We are excited to support such a deserving charity like SHIP."
Ed Hinde, Executive Director of SHIP: "At the conclusion of school year 2018-19, there were 853 students enrolled in FCPS schools who had experienced homelessness sometime during that school year. What’s most worrying is the significant increase in unaccompanied homeless youth, those no longer under the direct care of a parent or legal guardian.
With the funds raised through the efforts of LGA employees, SHIP is able to provide food, clothing, shelter and counseling services for these children. We are eternally grateful."
Established in 1836, Legal & General is one of the UK's leading financial services groups and a major global investor, with over £1.2 trillion in total assets under management* of which a third is international. We also provide powerful asset origination capabilities. Together, these underpin our leading retirement and protection solutions: we are a leading international player in pension risk transfer, in UK and US life insurance, and in UK workplace pensions and retirement income. Through inclusive capitalism, we aim to build a better society by investing in long-term assets that benefit everyone.
*at 31 Dec 2022
Our companies, Banner Life Insurance Company and William Penn Life insurance Company, have been in the business of protecting Americans with life insurance for more than 70 years. Today we are known as Legal & General America and are a proud part of the ninth-largest insurer in the world. By 2019 Legal & General America had more than 1.3 million policyholders and was noted as a top-five provider of term life insurance in the US, issuing more than $57 billion in new coverage.
*at 31 Jun 2021