Standard Insurance Celebrates 100th Year in Business

February 21, 2006

Portland, Ore.-based Standard Insurance Company is celebrating its 100th year in business by forming The Standard Charitable Foundation and hosting a year-long celebration that honors its founder’s commitment to community involvement.

“We believe we have a responsibility to help maintain vibrant, healthy communities,” said Eric E. Parsons, chairman, president and CEO of The Standard. “We do that by providing high quality products and services that contribute to the financial security of our customers, by providing financial support to a wide variety of nonprofit and charitable organizations and by encouraging and supporting our employees, who have an outstanding record of community volunteerism.”

The Standard Charitable Foundation will serve as one of the company’s vehicles for charitable giving. Among other activities, the foundation will focus on supporting organizations that assist people who have experienced a life-altering event such as a disability or the loss of a loved one. Its mission aligns with the company’s core purpose of helping people achieve financial security so they can confidently pursue their dreams.

Along with the formation of its charitable foundation, The Standard will celebrate its 100-year anniversary by reaffirming its commitment to the communities in which its employees live and work. In 2006, employees will partner with 16 regional and national nonprofits to provide at least 10,000 hours of employee volunteer service over the course of the year.

The Standard’s 2,800 employees across the country will have opportunities to volunteer with one or more nonprofit organizations each month during the year.

For more information, visit www.standard.com.

Topics NonProfits

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