KANSAS CITY, Mo.--(BUSINESS WIRE)--July 29, 2005--GE Insurance Solutions (NYSE:GE) today announced that it has donated nearly $600,000 to non-profit organizations in 2005, through its many companies. The donations include $450,000 in direct program grants to non-profit organizations and $150,000 to organizations through event sponsorship.
"GE Insurance Solutions and its employees are dedicated to improving the lives in the communities in which we live and work," said Ron Pressman, Chairman and CEO, GE Insurance Solutions. "Our corporate giving program is focused on providing resources to non-profit programs that help improve academic achievement in our communities."
The grants are awarded in cities where GE Insurance Solutions has a major presence. Among the recipients of GE Insurance Solutions' 2005 program grants are:
Greater Kansas City (GE Insurance Solutions' headquarters city)
-- Operation Breakthrough. Funding to support the 2005 Summer Enrichment Program that provides adult-supervised educational and recreational activities for 250 children, ages 6 to 16.
-- YouthFriends. Funding to support a new program to enhance YouthFriends mentors' skills through the development and distribution of a Math Wizard toolbox to schools in Greater Kansas City. In addition, funds will be used to recruit, screen and train 1,000 new volunteer YouthFriends mentors for the 2005-2006 school year.
-- WEB DuBois Learning Center. Funding to support the DuBois Telehub Initiative, a community telecommunications network that provides access to computer technology, tutorial and after-school programs to underserved neighborhoods in Kansas City.
-- The Learning Exchange. Funding to support the redesign of "Exchange City," a center that enriches the educational process with a real-world application of economics in a life-size model of a city, where students learn to earn and manage money.
-- Mattie Rhodes Center. Funding to support the Guidance, Learning, Opportunities in a Bi-Cultural Environment (GLOBE) program, an academic enrichment program for students for whom English is a second language.
-- Niles Home for Children. Funding for the Children's Summer Wellness program that provides academic reinforcement in language arts (writing, reading, English) math, music and science activities for potentially at-risk children ages 6-12.
-- Union Station/Science City. Funding for the Science City at Union Station Scholarship program that allows financially strapped students and schools to supplement classroom science education with the opportunity to visit Science City on field trips.
-- Girl Scouts of Mid-Continent Council. Funding for the Two Saturday Mornings program that gives 125 girls from Kansas City's urban core an opportunity to participate in Girl Scout programs and activities.
-- Spofford Home. Funding for an integrated Reading and Experiential Learning program to improve the reading ability of children in residence at Spofford, a therapeutic, community-based and residential treatment center for children ages 4-12.
Avon, Conn.
-- The Village for Families & Children. Funding for the "Fifth Grade Initiative," an after-school program that provides academic support, enrichment programming, and recreational activities to fifth graders at an in inner city school in Hartford.
-- Greater Hartford Arts Council. Funding for the Neighborhood Studios 2005 Summer Music Studio.
Chicago, Ill.
-- Hull House Association. Funding for a Supervisor Resource Coordinator to oversee the Community Schools of Hull House.
Barrington, Ill.
-- Glenkirk Foundation, Northbrook, Ill. Funding for the Glenkirk D.A.I.S.I.E.S. Early Intervention Program, which provides free developmental screenings, evaluations, therapies and other services for families of children age zero to three identified as "at risk" for developmental delays.
Australia
-- Australian Children's Literary Board, Lara, Victoria, Australia. Funding support 'OZ Kidz In Print,' a literary publication designed to promote and enhance children's literacy throughout Australia.
In addition to grants, GE Insurance Solutions employees donate their time, energy and expertise to numerous non-profit organizations around the globe.
"Giving back is a hallmark of our GE values," said Dean Davison, Senior Vice President of Public Relations and Community Relations, GE Insurance Solutions. "Through the GE Volunteers organization, GE Insurance Solutions employees tutor and mentor at-risk youth, build Habitat for Humanity Houses, serve on boards of directors, conduct toy drives for needy children during the holidays and much more."
GE Insurance Solutions protects people, property and reputations. With more than $50 billion in combined assets, the GE Insurance Solutions group of companies is one of the world's leading providers of commercial insurance, reinsurance and risk management services. Combining deep practical risk expertise with GE's business acumen, our dedicated professionals in 28 offices around the globe help customers understand and manage risk more effectively. More information is available at www.geinsurancesolutions.com.
Contacts
GE Insurance Solutions
Dean Davison, 816-448-7604
Jeff Wilson
GE Capital Corporate Finance
[email protected]
1-203-749-6340