Intact Financial makes $1.34 million donation to child poverty causes
Published: July 26, 2019
Updated: August 1, 2019
Author: Luke Jones
Intact Financial Corporation, Canada’s largest P&C company, has confirmed it is donating $1.34 million for child poverty causes in the country.
The donation was made to programs funded by United Way Centraide, which support young children (0-6 years old) and their parents through times of need. Among the help offered by agencies around the country is helping parents build their skills, generate networking connections, and find jobs.
In a press release, Intact Financial detailed statistics that show one in five Canadian children live in poverty. Around 1.3 million of them cannot afford things such as extra-curricular sports, school trips, or even internet, all of which stifle educational growth.
“We need to do more so no child loses the opportunity to learn and grow,” said Intact Financial Corporation president of Canadian operations Louis Gagnon. “We are addressing the root cause of child poverty: funding programs that help children learn and interact in their early years, and funding programs for parents to help them build skills to become more employable.”
Gagnon points out Intact’s money was generated through the generosity of the company’s employees, who contributed towards the fund. The company pledged to match every $1 donated to United Way by employees with $1 from company finances.
“Poverty is a complex issue. With United Way’s expertise and our employees’ passion to make a difference, we are working to empower organizations to find ways to help children and their families.”