Property/casualty insurer The Travelers Companies Inc. said it is committing $1 million to assist nonprofits dedicated to advancing racial equality across the United States and rebuilding damaged businesses in Minnesota, where the company has had a significant presence for more than 165 years.
The donation will be allocated among organizations such as the NAACP Legal Defense and Educational Fund, the National Urban League, YWCA Minneapolis and the We Love Midway fund established by the St. Paul Area Chamber of Commerce in collaboration with the City of St. Paul.
“The gravity of this moment demands meaningful action, and Travelers has a long history of helping our communities in times of need,” Travelers Chairman and Chief Executive Officer Alan Schnitzer said in the company’s media release. “Two ways we are stepping up right now are by supporting the important work of advancing racial equality and rebuilding our communities in the Twin Cities, where so many of our colleagues live and work.”
Travelers has approximately 30,000 employees and generated revenues of approximately $32 billion in 2019.
Source: The Travelers Companies
Topics Minnesota
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