The national life insurance carrier donated over $1 million through 500 donations to non-profits since the launch of its charitable program
“At Boston Mutual Life, we are honored to support so many worthy organizations and causes and truly make a difference through our Making An Impact program,” said Paul A. Quaranto, Jr., Chairman, CEO and President at Boston Mutual Life Insurance Company. “As a mutual life insurance company, we highly value finding different ways to pay it forward to the communities in which we serve, especially in a year where there continued to be a significant need for assistance. We look forward to continuing our efforts throughout 2022 and beyond.”
The company’s charitable efforts focus on three pillars: community and family; education; and environment. Last year, many fundraising and volunteering opportunities were limited due to COVID-19 guidelines, but the need was greater than ever. As a life insurance company that takes pride in living its mutuality by being there in a time of need, Making An Impact continued to make monetary donations and provide support throughout the community.
In 2021, Boston Mutual Life donated over $250,000 to 94 charitable causes across 13 states, including 65 in Massachusetts and 8 in Nebraska (where the company’s corporate offices are based). The company also matched over $5,000 to 34 different non-profits through its employee matching gift program. Boston Mutual Life saw a 60% increase in total donations and a 33% increase in employee participation, compared to 2020. The non-profit organizations supported by the organization ranged across a wide range of areas, from food banks and shelters to emergency funds and environmental causes, and included regional and national organizations. As a result of the support provided to charitable causes in Massachusetts, Boston Mutual Life was named a top charitable contributor by the Boston Business Journal in 2019, 2020, and 2021.