SAN ANTONIO – The USAA Foundation, Inc. (the Foundation) announced today that it will be contributing at least $1.25 million to support Hurricane Florence disaster response.
The Foundation will provide the funding to national and local nonprofits, such as the American Red Cross, Team Rubicon, United Way South Hampton Road and Foodbank of Southeastern Virginia, as well as military aid organizations such as Army Emergency Relief, Navy-Marine Corps Relief Society, Air Force Aid Society and Coast Guard Foundation.
The United Services Automobile Association (USAA) is also providing $1 for $1 matching – up to $500 – for those employees and retirees who contribute to the Hurricane Florence Giving Opportunity. Those donations so far have netted nearly $50,000.
Hurricane Florence made landfall in Wrightsville, North Carolina last week as a Category 1 hurricane, pummeling the Carolinas with heavy rains and producing flooding and tornadoes throughout the region.
“Our mission to serve the military community includes supporting those affected by natural disasters,” said USAA CEO Stuart Parker. “I am proud of our employees’ dedication to helping members rebuild and try to recover from the storm.”
A breakdown of the $1.25 million support includes:
The USAA family of companies provides insurance, banking, investments, retirement products and advice to more than 12.4 million current and former members of the U.S. military and their families. Known for its legendary commitment to its members, USAA is consistently recognized for outstanding service, employee well-being and financial strength. USAA membership is open to all who are serving our nation in the U.S. military or have received a discharge type of Honorable – and their eligible family members. Founded in 1922, USAA is headquartered in San Antonio. For more information about USAA, follow us on Facebook or Twitter (@USAA), or visit usaa.com.
About The USAA Foundation, Inc.
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, Inc.
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