Impact: The Insurance Industry's Contribution to Community Development

In 2017, the Insurance Industry Charitable Foundation (IICF) ran several disaster relief campaigns beginning in late August, including relief for Hurricanes Harvey, Irma and Maria, and a fund for those affected by the California wildfires. Collectively, contributions to these funds exceeded $630,000, with more than $550,000 donated to hurricane relief, making it the largest IICF disaster relief campaign to date. Along with contributions directly to IICF relief funds (including generous employee donation matching programs), many IICF board member companies conducted their own disaster relief campaigns. In addition to company contributions, more than 1,000 individual donations from insurance professionals were made to IICF relief funds. 

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IICF Houston Chapter Board members presenting the first grants from the IICF Hurricane Harvey Disaster Relief Fund, at an IICF Houston Chapter fundraising event in October.

Significant contributions were made by insurance companies and donors from all IICF divisions across the U.S., as well as IICF’s UK division based in London. Industrywide, more than $15 million was contributed by the insurance industry to Hurricane Harvey relief. 

100 percent of IICF relief funds collected go directly to benefit those affected by these natural disasters, through local nonprofit organizations providing direct assistance to individuals and families in affected communities.

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The first of the IICF California Wildfire Relief Fund grants was presented to Laz Luz, a local nonprofit organization working with individuals and communities affected by the devastating wildfires, at the IICF Western Division Board meeting in San Francisco in November. Pictured in the photo are: La Luz Board President Marcelo Defreitas (center), with Mayer Brown Partner and IICF Co-founder Jim Woods to his left and Jon Axel, IICF Western Division Board Chair, to his right.

Click here to hear from Habitat for Humanity in Houston, a grant recipient from IICF Hurricane Harvey relief funds.

The Insurance Industry Charitable Foundation (IICF) helps communities and enriches lives by uniting the collective strengths of the insurance industry in providing grants, volunteer service and leadership to local nonprofit organizations. Since 1994, IICF has contributed $28.7 million in community grants, along with 270,000 volunteer hours to hundreds of charities and nonprofit organizations.  For more information, and to learn how you can be a part of the industry’s philanthropic foundation, please visit www.iicf.org.