KANSAS CITY, Mo.--Sept. 17, 2004--GE Insurance Solutions (NYSE:GE) is proud to present the 2004 UNCF Stepping Back in Time for Education Walk-a-Thon in Kansas City on Saturday, September 18.
This year, the company will put ten teams of employees on the streets, walking and raising money for the United Negro College Fund. They'll be joined by employees of GE Energy, GE Transportation and GE Commercial Finance as GE strives to reach a goal of $200,000. Volunteers will walk 3.2 miles in the beautiful and historic 18th & Vine Jazz District.
Of GE Insurance Solutions $50 billion in assets, we recognize that our people are our most important asset, said Robin Royals, Executive Champion of the Walk-a-Thon for GE Insurance Solutions. And we are proud to invest our community's most important asset in UNCF.GE Insurance Solutions is presenting sponsor, and other sponsors are Yellow Roadway Corporation, KCTV5, American Family Insurance, Osco Drugs and Ameristar Casino.
For over 60 years, the United Negro College Fund has raised more than $2 billion to help a total of more than 300,000 students attend college and has distributed more funds to help minorities attend school than any entity outside of the government.
Headquartered in Kansas City, GE Insurance Solutions is a group of companies that protects people, property and reputations. With more than $50 billion in combined assets, GE Insurance Solutions is one of the world's leading providers of commercial insurance, reinsurance and risk management services.
More information is available at www.geinsurancesolutions.com.
UNCF and GE Fast Facts
-- Within the Kansas City area, UNCF has assisted over 500 local students, many of which have returned to become leaders in their professions and active contributors to our community.
-- More than 300,000 students have graduated from UNCF colleges. More than 90% of students attending UNCF member institutions require some form of financial assistance.
-- More than half the students attending UNCF member institutions are from families with a gross income of less than $35,000 and roughly half of UNCF students are from single-parent households.
-- UNCF has gone beyond the classroom, and has promoted student success in the corporate setting though intern programs with companies such as Coca-Cola Enterprises, Dell, Pfizer, UPS and Ford.
-- Over the course of its 60-year existence, UNCF has raised more than $2.2 billion towards its mission of assisting and enhancing the educational experience of deserving students attending colleges and universities across our nation including historically black colleges and universities.
-- The UNCF operates in an efficient manner to ensure that our students remain the primary beneficiaries of its efforts. Both The Non-Profit Times and The Chronicle of Philanthropy rank UNCF among the top 10 charitable educational organizations in the country and Barron's ranks UNCF as the number one educational charity in terms of efficiency in distributing funds raised.
-- GE has more than 2,500 employees in the Kansas City area in offices and facilities from Merriam to Overland Park, from Blue Springs to Blue Valley.
-- In the Kansas City area, GE does everything from writing insurance, developing global systems for rail and transit systems, addressing energy needs, to enabling consumers to fulfill their financial needs.
-- GE is committed to the Kansas City area both through service and financial support. The GE Elfun volunteer corps is more than 400 strong in the K.C. area. On this year's GE Community Day (September 17), more than 800 GE employees volunteered their time and efforts towards helping seven different non-profit community agencies.
-- Last year GE Insurance Solutions made more than $700,000 in community grants.
-- GE is particularly committed to the growth and life success of our community's youth. This year, volunteers made nonprofit daycare centers safer through the Project Safeguard program.
GE has active relationships with various youth-focused development programs in our community such as the Boy and Girl Scouts, W.E.B. Dubois, Operation Breakthrough, and the Niles Home For Boys and Girls.
-- GE Insurance Solutions has proudly served as the Presenting Sponsor of the Kansas City UNCF Walk-A-Thon for three consecutive years.
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CONTACT: GE Insurance Solutions
Gina Vallecillo-Phillips, 917-399-6054
Jeff Wilson
GE Capital Corporate Finance
[email protected]
1-203-749-6340