Insurance company donates millions
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B.W. COOK
Newport Beach-based Pacific Life Insurance handed out more than $3
million in grants last week at a reception held at its Fashion Island
national headquarters.
Representatives from 190 nonprofit agencies in Orange County
converged upon the Pacific Life building, entering a white tent
erected for the cocktail reception and benefit. Gifts bestowed on
local charities ranged between $2,500 and $100,000, with $2.4 million
distributed to appreciative recipients at the party.
“The balance of $600,000 will be donated throughout 2004 to
additional recipients, including the United Way,” Pacific Life
representative John Soller said.
On hand for the occasion was Bob Haskell, president of the Pacific
Life Foundation. Addressing the crowd at sunset, Haskell said, “Now
more than ever, nonprofit agencies need sustained financial support
and we are pleased to be able to do our share.”
Founded in 1868, Pacific Life, California’s largest life insurance
company, has made an ongoing commitment to serving the community.
“Pacific Life has maintained our Foundation’s funding levels in
spite of tough economic times during the past few years,” Haskell
said.
Soller clarified the company position on community service.
“The grants awarded are designated in four major categories:
health and human services; arts and culture; education; community and
environment.”
The funding was divided as follows: $974,500 to health and human
services, $374,500 to environmental agencies, $682,000 to educational
services, $319,500 to artistic and cultural pursuits and $54,500 to
civic agencies. In addition to funding established and traditional
avenues of community assistance, the Pacific Life Foundation prides
itself on reaching out to the lesser-known, less popular agencies in
need.
This year, a major grant of $60,000 was given to the AIDS Services
Foundation of Orange County. Another major gift of $87,000 was given
to the Orange County Department of Education’s Advancement Via
Individual Determination Program.
“This unique program prepares underachieving middle and high
school students for four-year college eligibility,” Soller said.
The Ocean Alliance received $115,000, completing a $500,000 pledge
from Pacific Life to assist funding their Voyage of the Odyssey. The
money will be used to help finance a five-year global initiative
studying concentrations of synthetic contaminants in the world’s
oceans.
Others included in the granting process were the Newport Harbor
Nautical Museum, the Surfrider Foundation, Wetlands and Wildlife
Center, Newport-Mesa Schools Foundation, YMCA, Girls Incorporated,
Corona del Mar School Foundation, KOCE Public Television, Orange
County Performing Arts Center, Discovery Science Center and South
Coast Repertory.
Many others were given grants, making the Pacific Life gifts some
of the most significant in the Newport-Mesa community. For more
information, call Soller at (949) 219-3416.
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