BOSTON, April 15, 2020 /PRNewswire/ -- Liberty Mutual Insurance today announced $10 million in additional grants to help Boston-based organizations on the front lines of treating those who are ill and stopping the spread of the coronavirus (COVID-19). The support also helps provide food and shelter to the most vulnerable populations that have been impacted by the pandemic, including low-income residents and those experiencing homelessness.
This new funding is the latest initiative in Liberty Mutual's strategic portfolio of community support in response to the coronavirus, which was launched early March with an initial philanthropic pool of $4 million for its current 450 nonprofit partners. This original round of grants was designed to help current organizations address a wide range of immediate community needs such as providing students with computers for remote learning, setting up special training for community volunteers and helping fund increased facility cleaning. The company fast-followed that investment with $1 million in support of the Boston Resiliency Fund.
With this latest $10 million pledge, Liberty Mutual has committed a total of $15 million to coronavirus relief efforts to date.
"During this unprecedented time, providing extra help for our longtime nonprofit partners is not only critical in overcoming this pandemic, it is core to our value of being there for people when they need us most," said Liberty Mutual Insurance Chairman and CEO David Long. "We are grateful for the nonprofit leaders and staff who are so selflessly caring for our most vulnerable populations."
"COVID-19 is disproportionately impacting communities in greatest need and our nonprofit partners are responding urgently and with extreme care," said Liberty Mutual Foundation President Melissa MacDonnell. "By offering this portfolio of funding, we are striving to help curtail the current emergency and support our partners as they continue to serve in varied ways."
The additional $10 million in grants will be distributed to Boston-based nonprofits – the initial distribution of $5 million will include $1 million each to Boston Healthcare for the Homeless Program; Boston Medical Center; Pine Street Inn; and $500,000 each to Friends of Boston's Homeless; St. Francis House; and Greater Boston Food Bank.
"COVID-19 is presenting such unprecedented challenges for all of us, especially as we strive to care for the most vulnerable among us," said Boston Health Care for the Homeless Program CEO Barry Bock. "I am so deeply grateful for this incredible support from Liberty Mutual - it is a true game-changer in these difficult times. It will allow us to be on the front lines during this crisis and meet our tangible needs, and at the same time is providing a tremendous morale boost to our health care teams who are working so bravely and tirelessly to care for people affected by this virus."
Liberty Mutual's strategic support of its nonprofit partners in their response to the coronavirus also includes donations to each of the over 800 nonprofits the company partners with during its employee volunteering program; employee online charitable donations that are supported further by company gifts; employee phone outreach to those in the community who are socially isolated; and redeployment of catering teams in the Boston and Dover, New Hampshire offices to prepare 100 lunches per day for homeless individuals in the area.
For more information on Liberty Mutual's coronavirus response, please visit lmi.co/covid19.
About Liberty Mutual Insurance
At Liberty Mutual, we believe progress happens when people feel secure. By providing protection for the unexpected and delivering it with care, we help people embrace today and confidently pursue tomorrow.
In business since 1912, and headquartered in Boston, today we are the sixth largest global property and casualty insurer based on 2019 gross written premium. We also rank 75th on the Fortune 100 list of largest corporations in the U.S. based on 2018 revenue. As of December 31, 2019, we had $43.2 billion in annual consolidated revenue.
We employ over 45,000 people in 29 countries and economies around the world. We offer a wide range of insurance products and services, including personal automobile, homeowners, specialty lines, reinsurance, commercial multiple-peril, workers compensation, commercial automobile, general liability, surety, and commercial property.
Contact: Adrianne Kaufmann
SOURCE Liberty Mutual Insurance