On September 23, 109 individuals from 19 different insurance companies in the tri-state area are participating in the Sleep Out (Re)insurance Edition to support homeless youth served by Covenant House, a New York headquartered, privately funded charity that seeks to provide care and services to homeless, abandoned, abused, trafficked and exploited youth.
During the event, participants will spend the night in the Covenant House New York parking lot with only a sleeping bag and cardboard box in order to raise awareness about homeless youth.
Each individual raises funds via sponsorship. To participate, each individual must be older than the organization’s oldest residents at 23 years of age, connected to the insurance or reinsurance industry and committed to a fundraising goal of $2,000 or more.
The funds raised by Sleep Out participants are put to work immediately, keeping the lights on and the doors open for more than 51,000 kids who will seek help this year, according to the Covenant House’s website.
So far, the organization is 70% to its $500,000 fundraising goal with $352,086 currently raised via peer to peer fundraising and company gifts. Last year, roughly $490,000 was raised.
Firms that have raised the most for the 2016 event so far include PartnerRe at $44,650, BMS and Friends at $41,977 and OdysseyRe at $40,817.
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