The Hartford Reports $7 Million in Philanthropy

March 27, 2007

The Hartford Financial Services Group, Inc. reportted that it has awarded more than $7 million in community support to nonprofit organizations across the country in 2006. In Connecticut, where The Hartford’s headquarters has stood since 1810, the company provided $4.6 million in support. Nationally and internationally, the company donated an additional $2.7 million to philanthropic programs.

The Hartford’s chairman and chief executive officer, Ramani Ayer, said his firm’s 2006 national giving was focused “particularly on financial literacy, education, the health and well-being of older Americans, and improving the lives of people with disabilities.”

Examples of The Hartford’s 2006 national giving program include:

The Hartford is the founding partner of the U.S. Paralympics and its 500 athletes. The company’s 2006 grant of $650,000 reflects its commitment to helping its claimants maintain active, productive lives if they become disabled;

The Hartford expanded its partnership with the MIT AgeLab in 2006 with a grant of $225,000. The company’s involvement with the AgeLab supports research to improve the quality of life for older adults including studies on older driver safety and studies on how increased longevity affects American society;

The Hartford hopes to continue advances in cancer awareness and treatment through a $225,000 grant last year to the American Cancer Society (ACS). The company is also a sponsor of Coaches vs. Cancer, a partnership between ACS and the National Association of Basketball Coaches.

In Connecticut, where about 13,000 of the company’s 31,000 employees work, The Hartford is a supporter of education, arts and cultural organizations, and community development efforts.

“Connecticut has been our home for nearly 200 years and we are committed to the region’s growth,” said Ayer. “We believe education is a sure way to improve the quality of life for area residents and, along with our support of the arts and neighborhood organizations, our investment makes the state an even finer place to live, work and do business.”

In the city of Hartford, the company contributed $290,000 in support of its three partnership schools in the city’s Asylum Hill neighborhood: West Middle Elementary School, Thomas J. Quirk Middle School, and Hartford Public High School. Funding focused on sharpening students’ reading and math skills, improving school climate and culture, upgrading the schools’ technological capabilities, and supporting tutoring programs staffed by hundreds of Hartford employee volunteers. The Hartford estimates that in 2006 more than 250 employees donated nearly 3,000 hours volunteering in support of its partnership schools.

The company also invested $870,000 in The Hartford’s two school-to-career programs: the STAG program and the Alliance for Academic Achievement. STAG is an internship program for low-income Hartford high school students who receive job and life skills training through after-school and summer employment at The Hartford. Since its 1966 founding, 1,600 students have graduated from the program and more than 250 are currently full-time Hartford employees. The Alliance program supports Hartford students through their college years, offering them scholarships and summer employment at The Hartford. Since its inception in 1999, more than 115 students have attended college through the program. Company employees serve as mentors to STAG and Alliance participants, starting them on the road to success in the business world.

Source: The Hatford

Topics Education Training Development Connecticut

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