NORTHBROOK, Ill., Nov. 6, 2012 /PRNewswire/ -- Allstate and The Allstate Foundation announced today that up to $1.2 million for Sandy relief and recovery efforts will be available through the creation of a recovery fund and a company match.
The new fund, supported through a $1 million allocation from The Allstate Foundation, will support local nonprofit organizations in affected areas that have capacity and capabilities but need resources to help people rebuild their lives. The Allstate Foundation will use its national reach into local communities to identify eligible nonprofit organizations. Local relationships of Allstate agents will be leveraged with awards made to organizations where agency owners volunteer. The identified nonprofits will be eligible for grants up to $5,000.
"We take a comprehensive approach to helping communities rebuild after catastrophes," said Thomas J. Wilson, Allstate CEO, chairman and president. "Thousands of our employees and agency owners are working around the clock in difficult conditions to help customers find places to live, get clothes to wear, connect with loved ones and assess their damage. We will continue to support them as they begin to rebuild their lives."
In addition to the Foundation-supported fund, Allstate employees and agency owners are coming together to donate up to $100,000 to the American Red Cross Disaster Relief Fund. Allstate is providing a dollar-for-dollar match on all employee and agency owner contributions that will result in up to a $200,000 combined donation.
As a part of an overall commitment to disaster response, The Allstate Foundation earlier this year partnered with Feeding America to provide more than 1,000,000 meals and recently launched a partnership with Points of Light to provide emergency planning education for families around the country.
"We understand insurance alone can't undo the damage, particularly after such a devastating storm," Wilson continued. "We have a history of addressing the broader impacts by proactively engaging nonprofit partners with local Allstate agencies after major disasters such as Hurricane Katrina or Sandy. This is what makes us proud to be a part of Allstate."
About The Allstate Foundation
Established in 1952, The Allstate Foundation is an independent, charitable organization made possible by subsidiaries of The Allstate Corporation (NYSE: ALL). Through partnerships with nonprofit organizations across the country, The Allstate Foundation brings the relationships, reputation and resources of Allstate to support innovative and lasting solutions that enhance people's well-being and prosperity. With a focus on teen safe driving and building financial independence for domestic violence survivors, The Allstate Foundation also promotes safe and vital communities; tolerance, inclusion, and diversity; and economic empowerment. For more information, visit www.AllstateFoundation.org.