Arch Pledges $1M For Global Covid-19 Relief

May 4, 2020 | 0 Comments

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

covid-19 divider 1

As the island and world deals with the Covid-19 pandemic, we are doing our best to provide timely and accurate information, and you can find more information on the links below.

Read More About

Category: All, Business

Leave a Reply