HARTFORD, Conn.--(Business Wire)--
In recognition of International Corporate Philanthropy Day, The Travelers
Companies, Inc. (NYSE: TRV) today released its annual Community Giving Report
detailing the company`s corporate and foundation contributions for the year,
totaling more than $21 million.
"Our commitment to doing right in the communities where we live and work is an
important part of our business culture," said Jay S. Fishman, Travelers Chairman
& CEO. "From partnering with Habitat for Humanity, to empowering women and
minority entrepreneurs, to providing opportunities for young people to excel in
high school, college and beyond, we are proud to support causes that help our
Highlights of the company`s giving include contributions in key philanthropic
focus areas - education and community development:
* More than $9.5 million - the largest percentage of Travelers` giving for any
category - was focused on educational organizations and activities.
* The company celebrated the fifth anniversary of its signature education
program, Travelers EDGE (Empowering Dreams for Graduation and Employment), aimed
at increasing bachelor`s degree attainment and career preparedness. 195
undergraduate students have been directly financially supported by a Travelers
EDGE scholarship or stipend.
* Travelers launched a new partnership with Habitat for Humanity International
and the Insurance Institute for Business and Home Safety to increase ownership
of fortified homes in low-income coastal neighborhoods. Travelers also funded 35
Habitat builds in 23 states, logging more than 3,500 employee volunteer hours.
* As one of the nation`s largest insurers of small businesses, Travelers also
began a new education program with Los Angeles-based Valley Economic Development
Center to teach women and minority entrepreneurs about the risks associated with
small business ownership.
* Travelers employees logged more than 42,800 corporate and personal volunteer
hours, up from 31,000 in 2011.
* Travelers employees requested matching funds of nearly $2 million for their
* In recognition of Travelers employees` volunteer hours, 571 $500 grants went
to 411 organizations in 31 states and the District of Columbia, totaling
$285,500. Forty-nine states and the District of Columbia received matching
grants based on employees` cash donations.
"We are humbled by the stories we`ve heard from individuals who have benefited
from the services, education and opportunities enabled by Travelers and the
Travelers Foundation," said Marlene Ibsen, Vice President of Community Relations
and CEO of the Travelers Foundation. "While our nation`s economy continues to
recover, we are pleased to play a role in improving lives and increasing access
To view the full report and see an interactive set of videos, photos and charts,
please visit: www.travelers.com/community. Follow and join the conversation on
The Travelers Companies, Inc. (NYSE: TRV) is a leading provider of property
casualty insurance for auto, home and business. A component of the Dow Jones
Industrial Average, Travelers has more than 30,000 employees and generated
revenues of approximately $26 billion in 2012. The company provides support for
charitable organizations in the community through the Travelers Foundation and
with corporate funding. The company`s community giving is focused on education,
community development and the arts. Travelers employees are consistently active
in community initiatives and perform tens of thousands of hours in volunteer
time each year. For more information, visit www.travelers.com.
Ashley Maagero, 860-277-2954
Copyright Business Wire 2013