LAKELAND, Fla., March 7, 2011 /PRNewswire/ -- Summit, a workers' compensation insurance provider, is pleased to announce a $1,000,000 donation to Step Up for Students. Step Up for Students is part of the Florida Corporate Tax Credit program and has provided scholarships to more than 33,000 low-income kindergarten through twelfth grade Florida students for the 2010–2011 school year. The program enables eligible students to attend top quality private or out-of-district public schools. Summit's contribution translates to 236 scholarships that allow children to receive an education that is tailored specifically to their learning needs.
Carol Sipe, Summit president and CEO, explains the purpose behind the donation, "Summit recognizes the need for all children to have access to a quality education, and Step Up for Students is an organization that makes that happen throughout the state of Florida. This donation provides funding to make that dream a reality for more than 230 students. By taking part in the responsibility to help tomorrow's generation get ahead, we all win." Summit joins Walgreens, Winn Dixie, United Healthcare, AT&T and many other corporate partners in providing valuable educational opportunities for Florida's children.
In addition, Dave Conway, Summit's chief financial officer, will serve on the advisory board for Step Up for Students. "Our companies are pleased to partner with Step Up for Students to provide more children with access to quality options for their education. In the long-term, all these students will be in a better position to succeed in a competitive world that increasingly requires a well educated workforce. "
"We are grateful for the generosity of corporations, like Summit, who share our vision of providing equal opportunity to low-income children here in Florida," said Doug Tuthill, president of Step Up For Students.
The donation funds will come from Summit's affiliate, Bridgefield Employers Insurance Company, and Summit's parent company, Liberty Mutual Group, Inc.
Summit, the people who know workers' comp®, provides workers' compensation products and services to businesses through independent agencies in Alabama, Arkansas, Florida, Georgia, Kentucky, Louisiana, Mississippi, North Carolina, South Carolina, Tennessee and Texas. Summit, which includes Summit Consulting Inc. and its subsidiaries, is based in Lakeland, Florida, and has offices in Baton Rouge, Louisiana, and Gainesville, Georgia. Summit is a member of Liberty Mutual Group, a diversified global insurer and the fifth largest property and casualty insurer in the U.S. based on 2009 direct written premium. Liberty Mutual Group ranks 71st on the Fortune 500 list of the largest U.S. corporations based on 2009 revenues. For more information, visit summitholdings.com.
About Step Up for Students
The Florida Tax Credit Scholarship Program, also known as Step Up For Students, currently provides K-12 scholarships for more than 33,000 low-income Florida students to attend a private school or out-of-district public school. Step Up For Students Scholarships are funded by corporations that redirect a percentage of their corporate, insurance premium, alcohol beverage excise tax, direct pay sales and use tax, and oil and gas severance tax to a qualified Scholarship Funding Organization in exchange for a dollar-for-dollar tax credit. For more information, visit www.StepUpForStudents.org.