Insurance Industry Charitable Foundation

IICF Spotlight on CSR, DEI and ESG

May 2, 2022

Leading companies shared insights on charitable contributions at IICF’s recent Media Roundtable, including a
few examples of outstanding industry initiatives (part 1 of 2):

(Laura Gallagher): In 2021, AIG donated $27 million in charitable contributions and matching grants. This included $5 million strategically invested by the AIG Foundation to address racial inequality, promote equitable practices, provide
COVID-19 relief, and support community resilience; donations to over 3,500 charities through the AIG Matching Grants Program; and over 700 grants supporting colleagues experiencing financial hardship or impacted by natural disasters through the AIG Compassionate Colleagues Fund.

& Wilcox
(Patricia Chiodo, Oneil Franso): Burns & Wilcox made a valued impact in addressing food insecurity in 2020 – 2021, donating to more than 50 food banks and distribution centers across the US and Canada. Employees also volunteered 620 hours to local food banks throughout the year in regions where they work.

CNA (Raissa Correa): CNA partnered with the Thurgood Marshall College Fund (TMCF) in creating a scholarship offered to outstanding students from low- or moderate-income communities. Further, CNA’s TMCF Early Innovators Program provides real-world exposure to innovation, technology and entrepreneurship to local high school students from underserved communities, along with a higher education scholarship to each student.

(Michelle S. Ng): EY is a longstanding collaborator of Junior Achievement (JA) as part of our Ripples program to promote entrepreneurship and support the next generation. In the past five years, more than 13,000 EY volunteers have contributed their knowledge and skills with JA, impacting nearly 150,000 students across the US.

(Cheryl Rosario): Munich Re is committed to building inclusive talent pipelines most notably through their Dare to Dream program that provides high school students throughout unrepresented communities in Chicago with insurance internships. Munich Re also continues to expand their community engagement highlighted in 2021 through new initiatives like tree planting to help locations vulnerable to climate change and donating a car to help veterans with transportation needs.

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