TMCnet News
Pacific Life Foundation Announces $7.25 Million Giving Program for 2020The Pacific Life Foundation has announced it plans to give $7.25 million in charitable funding in 2020. Supporting communities where Pacific Life employees live and work, including Orange (News - Alert) County, California; Omaha, Nebraska; and Lynchburg, Virginia, the grants will focus on the areas of arts and culture; civic, community and economic development; environment; education; and health and human services. Totaling almost $2 million, the Pacific Life Foundation's initial 2020 Southern California grants were presented to 155 nonprofit agencies on January 28 at its annual reception held at Pacific Life's Newport Beach headquarters. As part of the evening's special presentation, Human Options was awarded the Walter B. Gerken Community Service Award, named after Pacific Life's former chairman and CEO, and a $100,000 unrestricted cash grant. At the end of 2019, the Pacific Life Foundation donated $100,000 to CHOC Children's Foundation in support of its capital campaign to establish the Thompson Autism Center. The funding will assist in the renovation of a former medical office and bank building for the new center. Additionally, Second Harvest Food Bank of Orange County, the largest hunger relief organization in Orange County, received $100,000 in support of its Bold Goal, which aims to increase the number of meals provided annually by the organization from 20 million to 30 million by 2021. To help achieve this, the Pacific Life Foundation funds will be used to purchase a refrigerated bobtail truck to serve a critical function in maintaining food safety and transportation through donation pickup from grocers, delivery to community partners, and direct food distribution to those in need. Highlights of the 2020 giving program include:
Capital Grants
3Ts of Education
United Way and Matching Gifts
Employee Volunteer Program
About Pacific Life and the Pacific Life Foundation
The Pacific Life Foundation (the Foundation) was established in 1984. Together with Pacific Life, the Foundation has contributed more than $116 million to community and national nonprofit organizations. Grants are made to organizations that address a broad spectrum of social needs. Additional information about the Pacific Life Foundation can be found at www.PacificLifeFoundation.com. Pacific Life refers to Pacific Life Insurance Company and its affiliates, including Pacific Life & Annuity Company. Client count as of June 2019 is compiled by Pacific Life using the 2019 FORTUNE 500® list. View source version on businesswire.com: https://www.businesswire.com/news/home/20200129005013/en/ |