Horace Mann to Distribute More Than $100,000 to Groups Working to Close Educational Equity Gaps During COVID-19 Pandemic
02 October 2020 - 3:30AM
Business Wire
FHLBank Chicago Targeted Impact Fund to provide
support for remote learning sites and additional educational
opportunities for 500 vulnerable students
Horace Mann Educators Corporation (NYSE:HMN) today announced
$105,000 in grant funds from Horace Mann and the Federal Home Loan
Bank of Chicago (FHLBank Chicago) Targeted Impact Fund will be
distributed to four organizations focused on closing student
opportunity gaps: the Boys and Girls Club of Central Illinois,
Springfield Urban League, Compass for Kids and The Matthew
Project.
Horace Mann's $45,000 community donation was supported by an
additional $60,000 from FHLBank Chicago.
“Every student should have the opportunity to reach their full
potential, and that has become more challenging for many during the
COVID-19 pandemic," said Marita Zuraitis, Horace Mann President and
CEO. "We're proud to support these organizations addressing
opportunity inequities in our community by providing safe remote
learning spaces with reliable Internet access, additional learning
opportunities for students falling behind, and basic needs like
food and housing assistance for families."
The Boys and Girls Club of Central Illinois and the Springfield
Urban League will each receive $35,000, while Compass for Kids and
The Matthew Project will each receive $17,500. These grants allow
the organizations to assist nearly 500 additional low-to-moderate
income families with targeted educational support.
"Safe and supervised remote learning sites are critical when
parents are working outside the home to provide for their family,"
said Tiffany Mathis, Executive Director of the Boys and Girls Club
of Central Illinois. "For other families, a challenge to supporting
learners is reliable Internet access, which we can now provide to
200 students with this grant."
The Matthew Project, a program that provides clothing, food,
tutoring and mentoring to homeless Springfield Public Schools
students, will partner with the Boys and Girls Club to expand
existing remote learning opportunities for the Matthew Project
children as well as provide food assistance. Compass for Kids will
expand its Virtual Club Compass program for at-risk students in
Springfield schools. It offers social-emotional lessons and
support, enrichment activities, a book club and meals for
students.
"In addition to providing digital learning supports, the
Springfield Urban League will also use this grant for emergency
assistance for families facing uncertain circumstances with housing
and overall financial stability," said Springfield Urban League
President Nina Harris. "We have seen so many more families in need
at this time, and this grant will really help keep them
afloat."
“FHLBank Chicago created the Targeted Impact Fund to help those
in our members' communities hardest hit by the pandemic and to
promote racial equity," said Katie Naftzger, Vice President,
Community Investment Officer, FHLBank Chicago. "We're proud that
with this member grant, hundreds more Springfield students in need
will have stronger educational and social support."
Horace Mann has been a member of FHLBank Chicago since 2013.
About Horace Mann
Horace Mann is the largest financial services company focused on
providing America's educators and school employees with insurance
and retirement solutions. Founded by Educators for Educators® in
1945, the company is headquartered in Springfield, Ill. For more
information, visit horacemann.com.
About Federal Home Loan Bank of Chicago
The mission of the Federal Home Loan Bank of Chicago is to
partner with our member institutions in Illinois and Wisconsin to
provide them competitively priced funding, a reasonable return on
their investment in the Bank, and support for community investment
activities. We are one of 11 Federal Home Loan Banks chartered by
the U.S. Congress in 1932 to promote homeownership. Our members
include banks, thrifts, credit unions, insurance companies, and
community development financial institutions throughout our
district.
The Federal Home Loan Bank of Chicago’s Targeted Impact Fund
provides our member institutions with grants to support relief
efforts for populations hardest-hit by the COVID-19 pandemic
including Black, Latino, Native American, elderly, rural, and low-
and moderate-income communities, and to help promote equity and
opportunity for these underserved populations. The Targeted Impact
Fund opened on Monday, August 17, with funding extended through
Tuesday, November 10. For more information visit fhlbc.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20201001005973/en/
Michelle Eccles Public Relations Manager 217-788-5394
michelle.eccles@horacemann.com
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