Travelers Announces 2019 Community Giving of More Than $24 Million
May 18 2020 - 9:00AM
Business Wire
Company publishes annual Community Report
detailing its charitable contributions
The Travelers Companies, Inc. (NYSE: TRV) today released its
annual Community Report, announcing that the company provided more
than $24 million in charitable donations in 2019. Travelers
distributed these funds to programs and organizations dedicated to
improving academic and career success, developing thriving
neighborhoods and creating culturally enriched communities. These
contributions bring the company’s giving total to more than $223
million over the past decade.
“We have a strong culture of giving and an unwavering commitment
to take care of our communities,” said Marlene Ibsen, President and
CEO of the Travelers Foundation and Vice President of Community
Relations at Travelers. “From supporting education to creating
vibrant neighborhoods through volunteerism and the arts, we provide
opportunities to ensure that the places we call home continue to
flourish.”
The following are highlights of the company’s 2019 community
support:
- Employees logged more than 130,000 hours of volunteer
time.
- The company distributed more than $7 million in support of
educational initiatives.
- A total of 95 students received a direct scholarship or stipend
through the company’s signature education program, Travelers EDGE
(Empowering Dreams for Graduation and Employment), to help them
work toward earning a bachelor’s degree.
- More than 480 representatives from women-, minority- and
veteran-owned small businesses participated in free workshops about
business continuity and risk management through the company’s Small
Business Risk Education program.
- The company supported the building of 36 FORTIFIED Homes™ in 10
states through the company’s partnerships with Habitat for Humanity
and SBP, a disaster resilience and recovery organization.
- More than $3.3 million supported organizations that create
culturally enriched communities through the arts.
Travelers is continuing its philanthropic activities in 2020,
including a recent pledge of $5 million to COVID-19 relief efforts
to assist families and communities across North America, the United
Kingdom and the Republic of Ireland.
The company’s other COVID-19-related community efforts include
repurposing its kitchen facilities at its main campus in Hartford,
Connecticut, to aid nonprofits in the preparation and delivery of
meals; offering virtual volunteer opportunities to its employees;
and creating an employee-led effort to gather donations to cover
the costs of meals for health care workers in Connecticut,
Maryland, Minnesota and New York. This last initiative also helps
small businesses, as the meals are purchased from local
restaurants.
For more information about community involvement at Travelers,
visit Travelers.com/community. To learn more about the ways
Travelers is helping its customers, communities and employees
during this time, please visit its COVID-19 webpage.
About Travelers
The Travelers Companies, Inc. (NYSE: TRV) is a leading provider
of property casualty insurance for auto, home and business. A
component of the Dow Jones Industrial Average, Travelers has
approximately 30,000 employees and generated revenues of
approximately $32 billion in 2019. For more information, visit
www.travelers.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20200518005421/en/
Media: Courtney Garro, 860.277.8719
cgarro@travelers.com
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