Pacific Life Foundation Announces $6 Million 2015 Giving Program
January 22, 2015 by Business Wire
NEWPORT BEACH, Calif.–(BUSINESS WIRE)–The Pacific Life Foundation announced today, that for a second consecutive year, it will provide $6 million in funding to support the areas of arts and culture; civic, community, and environment; education; and health and human services. The 2015 grants will be directed primarily toward supporting the communities where Pacific Life employees live and work, including greater Orange County, California and Omaha, Nebraska.
The Pacific Life Foundation’s initial 2015 grants were presented to local Southern California organizations on the evening of January 21st at the annual Grants Reception, held at Pacific Life’s Newport Beach headquarters. The highlight of the evening was the presentation of the Walter B. Gerken Community Service Award and a $50,000 unrestricted cash grant to OneOC. Since 1985, the Pacific Life Foundation has provided $270,000 in grants to support OneOC’s efforts in the Orange County community.
Results of the Foundation’s 2014 giving, along with a listing of new 2015 grants, can be found at www.PacificLifeFoundation.com. Highlights of the 2015 giving program are listed below.
Local Grants:
During the Grants Reception, 166 nonprofit agencies were awarded more than $1.8 million in grants. In Omaha, Nebraska, $297,500 was granted to 20 local agencies. Grants will fund a wide range of programs including health and human services for homeless and low-income families, after-school enrichment and arts programming for disadvantaged youth, and senior support services.
Major Grant Funding:
Ocean Health Index: The Pacific Life Foundation is the Founding Presenting Sponsor of the Ocean Health Index initiative. The Index is an annual assessment on the condition and health of oceans globally with a score ranging from zero to 100. The Pacific Life Foundation will donate $1,000,000 this year to complete its multiyear pledge of $5 million to Conservation International.
Council on Aging: In 2015, the Foundation will complete its multiyear pledge of $675,000 with a $200,000 grant to Council on Aging-Orange County. This grant is in support of the federal and state-mandated Long-Term Care Ombudsman program which the Council on Aging is solely responsible for implementing in 1,100 Orange County senior care facilities that serve 28,000 low-income residents.
Safety Net Grants: Four safety net grants have been awarded to expand and enhance the health of fragile seniors in Orange County. The recipient agencies were: Acacia Adult Day Services’ Proactive Action Care Team program ($250,000), Age Well Senior Services’ Door-to-Door Transportation program ($15,000), Community Action Partnership of Orange County’s Farm 2 Seniors program ($120,000), and Latino Health Access’s Puerta-a-Puerta program ($121,000).
Capital Grants:
The Foundation provided a 2014 year-end capital grant of $250,000 to Discovery Cube Orange County in support of its current expansion plans to double the size of its facilities in Santa Ana. In 2015, a total of $205,000 in capitals grants have been provided to: Colette’s Children’s Home for the purchase of a building that will provide shelter for homeless women and children; Environmental Nature Center for the expansion of its indoor/outdoor facility, which includes a Museum & Learning Center; Intervention Center for Early Childhood’s new facility; South County Outreach’s new refrigerated truck; and the purchase of laboratory equipment for the UC Irvine Diabetes Center.
3T’s of Education:
Annually, the Pacific Life Foundation awards grants to K-12 schools where there are concentrations of children or grandchildren of Pacific Life employees. A 3T’s of Education grant must be designated in one of the following areas: Teacher Training, Textbooks, or Technology. In 2015, 131 K-12 schools nationwide will be granted $419,500. Since 1998, more than $6.1 million in 3T grants has been distributed to hundreds of K-12 schools nationwide.
Matching Gifts Program:
The Pacific Life Foundation supports a robust matching gift program for employees. In 2015, the Foundation will match employee donations of approximately $400,000 to United Way and an additional $250,000 to U.S. nonprofit agencies and colleges/universities supported by employees.
About Pacific Life and the Pacific Life Foundation
The Pacific Life Foundation was established in 1984. Together with Pacific Life, the Foundation has contributed more than $84 million to community and national nonprofit organizations. Grants are made to organizations that address a broad spectrum of social needs.
Offering insurance since 1868, Pacific Life provides a wide range of life insurance products, annuities, and mutual funds, and offers a variety of investment products and services to individuals, businesses, and pension plans. Pacific Life counts more than half of the 100 largest U.S. companies as its clients. For additional company information, including current financial strength ratings, visit www.PacificLife.com.
Pacific Life refers to Pacific Life Insurance Company and its affiliates, including Pacific Life & Annuity Company. Client count as of June 2014 is compiled by Pacific Life using the 2014 FORTUNE 500® list.
Contacts
Pacific Life Foundation
Marisa Schaeffer, 949-219-3243
MSchaeffer@PacificLife.com
