AIG Foundation supports those in need through COVID-19


AIG Structure sustains those in demand via COVID-19

One Secret Companion– American International Team (AIG) – renewed the AIG Structure in 2020, which works as the main lorry for the insurance provider’s kind campaigns. The Structure Board thinks about beneficiaries via a addition, equity as well as variety (DE&I) lens, while likewise lining up with AIG’s dedications to sustainability as well as citizenship, specifically connecting to monetary safety and security as well as area durability.

In 2015, AIG made an inaugural $5 million payment to the freshly renewed AIG Structure, which was largely guided towards COVID-19 alleviation initiatives. 3 of its beneficiaries, which the insurance provider stated “meet the most critical needs with the broadest reach for COVID-19 relief” were International Medical Corps, Feeding America, as well as the United States Chamber of Business Structure’s Union to Back Black Companies. The team likewise made a contribution to the NAACP Legal Protection as well as Educational Fund, Inc. as well as to the Equal Justice Campaign, revealing assistance for the black area in feedback to the civil justice demonstrations throughout the United States.

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“As a result of our grant [to the US Chamber of Commerce Foundation’s Coalition to Back Black Businesses], over 60 black-owned businesses in five states across various industries received funding,” stated Laura Gallagher, worldwide head, company citizenship; head of state, AIG Structure. “And also out of those companies that were gotten to, they stood for a variety of various measurements of variety. Along with being black-owned, most of their proprietors likewise determined as experts, LGBTQ+, as well as people with impairments.

“AIG Foundation also made a $2 million grant to Feeding America to address food insecurity through nine different food banks. These were in various regions throughout the US that we identified in collaboration with Feeding America. Some are where we have a lot of employees and business, but we also worked with Feeding America to really identify where the needs were greatest at the time the grant was made.”

To cancel its exterior providing via the AIG Structure, AIG likewise developed a Thoughtful Associates Fund, whereby staff members can aid as well as sustain each various other in their times of demand. The Fund certifies as a 501c3, which implies it gets AIG’s Matching Grants Program, whereby AIG matches worker contributions to certifying charitable companies as well as institutions 2:1, approximately $10,000, for each and every worker per fiscal year.

“Our timing couldn’t have been better [to launch the Compassionate Colleagues Fund] because Winter Storm Uri struck Texas soon after we launched the fund, and many of our employees found themselves in need,” stated Gallagher. “This was a great way for the company and our employees to contribute to a fund, and for those employees who found themselves in need [of support], to apply for grants from the fund.”

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Not just does AIG sustain its coworkers inside by means of monetary gives, yet the company likewise urges its staff members to make a cumulative effect in their areas by offering. In 2020, AIG’s Volunteer Pause (VTO) program provided staff members 3 times off to offer in social work jobs sustaining reasons they appreciate. Specifically, staff members were urged to offer for a company concentrating on education and learning around the value of DE&I, criminal justice reform, as well as civil as well as human civil liberties.

“In addition to that, we hosted a 1,000 Acts of Kindness campaign, where we reached our goal really quickly. We put some incentives in place and made some donations which were in support of some of our participants’ activities,” Gallagher included. “And also we likewise organized an entirely digital food drive that caused around 265,000 dishes that were provided to food financial institutions.

“We’re really proud of these efforts. I think it really showed our ability to pivot quickly given some of the situations that we found ourselves in, and really recognize some of the vulnerability and concerns that our employees had about their own communities.”

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