The Insurance Industry Charitable Foundation (IICF) has released the results of its benchmark IICF Philanthropic Giving Index. This index provides an independent review of philanthropic activity in the insurance industry, including property and casualty, life, and more.
LOS ANGELES, Sept. 19, 2023 /PRNewswire-PRWeb/ — The Insurance Industry Charitable Foundation (IICF), a unique nonprofit organization dedicated to helping communities and enriching lives, has announced the results of the benchmark IICF Philanthropic Giving Index. This inaugural index reveals that the insurance industry contributed over $1 billion in support of charitable endeavors in 2022. The IICF will continue to collect this data on an annual basis.
“IICF is proud to announce these collective philanthropic findings and provide the industry with a remarkable figure representative of the generous charitable giving and support by our many insurance businesses,” said Bill Ross, CEO of IICF. “Many of these companies are represented on IICF Boards of Directors across the US and UK, thereby amplifying their impact in the communities where we live and work.”
In addition to the financial contributions, the Philanthropic Giving Index highlights other community contributions that demonstrate the insurance industry’s dedication to giving and volunteerism:
- 137,300 nonprofit partners and causes received support
- 7.5 million volunteer hours were served
- 93,500 insurance professionals volunteered
The IICF, with research support from the Insurance Information Institute (III), reviewed data from 120 companies representing all sectors of the insurance industry to compile this snapshot of industry-wide charitable giving and supporting data.
As the IICF announces its inaugural philanthropic analysis, it is also preparing for its annual Week of Giving, which is the largest ongoing volunteer initiative in the industry. Originating as an insurance volunteer initiative nineteen years ago, this event celebrates the industry’s commitment to charitable giving and volunteerism throughout the year.
The 2023 IICF Week of Giving will take place from Oct. 14 to 21. Thousands of insurance professionals from the US and UK will participate in service projects such as book drives, community clean-up projects, mock interviews, and more. Each initiative is designed to support critical community causes, including food insecurity, homelessness, education, disaster preparedness, and veterans.
To learn more and register, please visit: volunteer.iicf.org
About the Insurance Industry Charitable Foundation (IICF)
The Insurance Industry Charitable Foundation (IICF) is a unique nonprofit organization that brings together the collective strengths of the insurance industry to help communities and enrich lives through grants, volunteer service, and leadership. Since its establishment in 1994, IICF has been the philanthropic voice and foundation of the insurance industry, contributing over $45 million in community grants and over 325,000 volunteer hours by more than 115,000 industry professionals. IICF reinvests the funds locally to serve hundreds of charities and nonprofit organizations, maximizing community impact.
IICF is a registered nonprofit organization under section 501(c)(3) of the IRS code. Learn more at http://www.iicf.org or follow us on social media at: LinkedIn and Instagram.
Media Contact
Hari Rajagopalan, IICF, 610-559-7585, [email protected]
SOURCE IICF
