SAN ANTONIO, Nov. 19, 2020 /PRNewsCentre/ — The Thanksgiving holiday is often synonymous with family gatherings and a shared meal. But for many, this year will look different as COVID-19 has had a health and financial impact on millions of American households. USAA today announced a commitment of $5 million to two dozen nonprofit organizations in six of the company’s campus communities that are helping to address needs exacerbated by the ongoing pandemic.
"Since the pandemic began in March, many families across the country have experienced hardships related to food insecurity, limited access to technology and connectivity for remote schooling, lack of childcare and sometimes even homelessness," said Harriet Dominique, Chief Diversity, Inclusion and Corporate Responsibility Officer at USAA. "Aligned with our mission, we hope this continued support that we are able to provide to key nonprofit organizations helps with some of the burdens families are experiencing."
Studies show that more than 24 million adults in the country reported that their households didn’t have enough to eat. Additionally unemployment numbers show that tens of millions of people continue to struggle to afford adequate food and housing expenses. Remote learning also can contribute to increased financial and emotional stress, widening the ‘digital divide’ for families who do not have access to necessary technology and connectivity.
This year, USAA and The USAA Foundation, Inc. have assisted over two million people through more than $47 million in philanthropic support to pandemic-related efforts. This represents over half of the $90 million the company has pledged to nonprofit organizations in 2020. Additionally, USAA employees – along with matching funds from the company – have given more than $14.3 million to nonprofit organizations and volunteered 141,000 hours – mostly virtually – to support our communities and those in need.
In addition to philanthropic efforts to support COVID relief, USAA has returned more than $1 billion in auto insurance dividends as a result of fewer drivers on the road. Additionally, the company provided special payment assistance and arrangements for members facing financial difficulties in the wake of the pandemic.
To learn more about the nonprofit organizations receiving pandemic-related support or if you are a military service member in need of financial assistance as part of USAA’s Military Family Relief Initiative, visit usaa.com/coronavirus.
Founded in 1922 by a group of military officers, USAA is among the leading providers of insurance, banking and investment and retirement solutions to nearly 13 million members of the U.S. military, veterans who have honorably served and their families. Headquartered in San Antonio, Tex., USAA has offices in seven U.S. cities and three overseas locations and employs more than 35,000 people worldwide. Each year, the company contributes to national and local nonprofits in support of military families and communities where employees live and work. For more information about USAA, follow us on Facebook or Twitter (@USAA), or visit usaa.com.
The USAA Foundation, Inc., a nonprofit organization, does not endorse or promote any commercial supplier, product or service. USAA is the sponsor of The USAA Foundation.