Arch Capital Group announced plans to make $1 million in corporate donations, double its employee giving match for charitable contributions and establish an employee assistance fund in response to the COVID-19 pandemic.
“Arch’s initial pledge will aid organizations primarily focused on food insecurity, health issues in underserved and high-risk communities and providing front-line responders with protective equipment and essential medical items related to the COVID-19 pandemic,” the company said.
“The donation will support charities around the world where the company has large employee populations, along with contributions to organizations with a global impact. A list of charities selected by the company is provided below.
“In addition to the corporate donations, Arch is temporarily enhancing its corporate match for employees’ charitable contributions from 1:1 to 2:1 to strengthen employees’ ability to impact the charities most meaningful to them.
“The scale and speed of this pandemic has been devastating around the globe,” said Marc Grandisson, Arch President and Chief Executive Officer. “Striving to make a difference and investing in our communities are part of our corporate values, and we are committed to supporting those affected by this crisis.”
“Additionally, Arch has established an employee assistance fund, Arch Cares: COVID-19 Employee Assistance Fund for Financial Hardships. The fund will provide monetary support to eligible employees with financial hardships caused by the COVID-19 pandemic.
Jennifer Centrone, Chief Human Resources Officer, said, “We recognize the pandemic has directly affected the overall financial well-being of some of our employees’ family members. By creating this fund, we hope to ease the strain on those employees in what is already a difficult situation.”
Donation Recipients
Global
- COVID Solidarity Response Fund for World Health Organization
Australia
- The Smith Family Children’s Charity
Bermuda
- The Bermuda Community Foundation
- Vision Bermuda
- Bermuda Family Centre — Hardship Program
- Age Concern
- Eliza Doolittle Society
Canada
- Sunnybrook Foundation
- Daily Bread Food Bank
- Operation Harvest Sharing
Cyprus
- Cyprus Red Cross Society
Denmark
- Hus Forbi
Hong Kong
- Hong Kong Red Cross
Ireland
- Cystic Fibrosis Ireland
Philippines
- Philippines Red Cross
- Lung Center of the Philippines
Spain
- Cáritas Diocesana
Switzerland
- Glückskette
- Swiss Philanthropy
United Kingdom
- NHS Charities Together
- Age UK
- PPE for NHS
United States
National
- First Responders Children’s Foundation
- Direct Relief
- Red Cross Coronavirus Outbreak Fund
- MBA Opens Doors Foundation
Connecticut
- PPE for UConn Healthcare
New Jersey
- Jersey Battered Women’s Services
- Sage Elder Care
- Holy Name Medical Center
- One Simple Wish
North Carolina
- Guilford Education Alliance — Laptop Project
- No Kid Hungry North Carolina
Texas
- Frisco Fast Pacs
