Jackson National Life Insurance Company Invests in Local Nonprofits

Jackson National Life's Commitment to Community Investment

Jackson National Life Insurance Company (NYSE: JXN) has made a significant commitment to local nonprofits by awarding over $750,000. This generosity is directed towards organizations that serve communities in Lansing, Nashville, and Chicago. The funds will aid various initiatives aimed at addressing homelessness, preserving historic neighborhoods, and improving access to stable employment opportunities.

Supporting Diverse Needs Across Communities

According to Danielle Robinson, Vice President of Corporate Communications and Responsibility at Jackson, the company believes in supporting communities through monetary contributions and engaged volunteering. Their goal is to align corporate efforts with the needs of families facing challenges in today’s economic climate while fostering philanthropic engagements.

Chicago's Cara Collective and Their Important Work

Cara Collective is one recipient of Jackson’s generous grants. This organization is dedicated to developing employment pathways and building an inclusive economy. Established since 1991, they have played a crucial role in helping individuals gain meaningful employment and enhancing community success.

Jackson's Support of Nashville's Hard Bargain Association

The Hard Bargain Association (HBA) is another key organization benefitting from Jackson’s recent funding. This nonprofit is focused on the revitalization of the historic Hard Bargain neighborhood, committed to providing affordable housing options for low- to moderate-income families. Their projects aim to transform the neighborhood into a vibrant community filled with opportunities.

Making a Difference in Lansing

In Lansing, the City Rescue Mission stands out as a vital grant recipient that focuses on addressing homelessness. The Mission is known for its extensive outreach efforts, providing meals and accommodation to vulnerable individuals. They are currently expanding their facilities to better serve the community by renovating office buildings into functional living spaces and dining areas.

Community Collaboration for Lasting Impact

Mark Criss, Executive Director at City Rescue Mission, expressed deep gratitude for Jackson’s support, highlighting the importance of community collaboration to create positive change. The efforts both by the nonprofit and supported by Jackson illustrate the potential for organizations to work together for sustainable solutions.

Jackson's Continuing Philanthropic Efforts

Jackson’s biannual grant program forms a crucial part of its corporate philanthropy strategy. Since its inception, the company has contributed over $85 million to numerous nonprofits. In 2023 alone, Jackson staff members volunteered approximately 21,000 hours, underscoring the company's commitment to community service.

Nonprofits are encouraged to reach out and apply for funding through Jackson's grant program, ensuring that the commitment to community enhancement continues through various future initiatives.

Frequently Asked Questions

What is the main focus of Jackson's recent grants?

Jackson's grants focus on nonprofits that support homelessness, affordable housing, and employment opportunities across Lansing, Nashville, and Chicago.

Who benefits from the funding awarded by Jackson National Life?

Various organizations, including City Rescue Mission, Hard Bargain Association, and Cara Collective, benefit from the funds aimed at enhancing community services.

How long has Jackson been making philanthropic contributions?

Jackson has significantly engaged in philanthropy since 2007, contributing over $85 million to nonprofits during this period.

Can other nonprofits apply for grants from Jackson?

Yes, eligible nonprofits in the designated regions can apply for grants through Jackson's biannual program.

How does Jackson ensure its community initiatives remain effective?

Jackson actively collaborates with nonprofits and encourages volunteerism among its employees, ensuring a sustained impact on community welfare.

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