Engage Mutual’s new Foundation makes £1 million available to its customers
Howard Lake | 13 February 2014 | News
Life insurance, health and savings provider Engage Mutual has launched a foundation which will give at least £1 million over five years to be used by its customers for personal grants or community projects.
Grants will only be available to its 500,000 customers, and they will play “an integral role” in its running. Indeed, the Foundation has been created in response to their feedback.
Grants available
Each year the Foundation will provide £25,000 each for two community projects and £5,000 each for 15 smaller projects.
It will also provide personal grants of up to £500 to customers to help themselves or a family member. Grants will be available to help in cases of hardship, for example when a customer needs to fix a leaky roof, replace a broken washing machine, buy more school uniform, or to help customers learn a new skill or gain a qualification.
Peter Burrows, the mutual’s chief executive, said:
“The Engage Foundation is what being part of a mutual should be about – the benefits of belonging. We know that our products and services add to our customers’ financial security, but we are going a step further and sharing our success as a mutual with our customers. The £1 million is for our customers of today, and of tomorrow, and is exclusively for their benefit.”
Engage Mutual Assurance has provided charitable support in the past, but nothing on this scale.
Advertisement
About Howard Lake
Howard Lake is consultant editor of UK Fundraising. He founded the site in 1994 and successfully sold it in 2022. As director of Giving X Ltd he is exploring growing giving on a massive scale.
He is the founder of Fundraising Camp and co-founder of GoodJobs.