Allstate and the Tom Joyner Foundation are working together to engage students, alumni and supporters of Historically Black Colleges and Universities (HBCUs) across the country to raise scholarship funds as part of the fifth annual Allstate Quotes for Education program.
For every person who receives an insurance quote from a participating Allstate agent and mentions Quotes for Education between August 1 and Nov. 30, 2013, Allstate will donate $10, up to a total donation of $150,000. The funds will be donated to the Tom Joyner Foundation and earmarked for general scholarship funds to assist students attending HBCUs.
For the second year, participants in this program will also have a chance to vote for the HBCU of their choice to receive an additional $50,000 donation for scholarships. In 2012, Lincoln University of Missouri won the inaugural competition and distributed scholarship funds to 25 students.
To participate in the Quotes for Education program, HBCU supporters should visit allstate.com/represent to find a nearby participating agent or receive a quote online. Supporters are then encouraged to vote for the HBCU of their choice.
“We know that cuts to student loan programs over the past few years are hurting students all over the country, but these cuts are particularly detrimental to students attending HBCUs,” said Cheryl Harris, senior vice president at Allstate. “Allstate and the Tom Joyner Foundation are passionate about helping these students pursue their dreams as we continue to support programs like Quotes for Education.”
“We are dedicated to helping shape our future through the growth of today’s students,” said Tom Joyner, chairman and founder of the 14-year-old foundation bearing his name. “Every dollar we contribute inspires ambition and helps a student reach their goals and their potential.”
The Allstate Corporation (NYSE: ALL) is the nation’s largest publicly held personal lines insurer, serving approximately 16 million households through its Allstate, Encompass, Esurance and Answer Financial brand names and Allstate Financial business segment. Allstate branded insurance products (auto, home, life and retirement) and services are offered through Allstate agencies, independent agencies, and Allstate exclusive financial representatives, as well as via www.allstate.com, www.allstate.com/financial and 1-800 Allstate®, and are widely known through the slogan “You’re In Good Hands With Allstate®.” As part of Allstate’s commitment to strengthen local communities, The Allstate Foundation, Allstate employees, agency owners and the corporation provided $29 million in 2012 to thousands of nonprofit organizations and important causes across the United States.
About the Tom Joyner Foundation:
The Tom Joyner Foundation was founded in 1998 as the brainchild of nationally syndicated radio personality Tom Joyner. The mission of the Foundation is to support historically black colleges and universities (HBCUs) with scholarships, endowments and capacity-building enhancements. The Foundation has provided necessary support to every HBCU in its 14-year history to help sustain and preserve the legacies of these valuable institutions. Through fundraising and donor development initiatives, $65 million has been raised to support more than 29,000 students attending HBCUs. Additionally, the Foundation has recommended internships, offered matching grant support, and career development to deserving students.