Allstate and the Tom Joyner Foundation raise $185,000 in scholarship funds to support HBCU students.
DALLAS, TX., December 3, 2013 – Allstate and the Tom Joyner Foundation have exceeded its goal of raising $150,000 in scholarship funds to support students attending historically black colleges and universities (HBCUs) as part of the fifth annual Allstate Quotes for Education program.
For participants who received an insurance quote from a participating Allstate agent and mentioned Quotes for Education between August 1 and Nov. 30 of this year, $10 will be donated to the Tom Joyner Foundation with a donation cap of $150,000. The funds will be earmarked for general scholarship funds to assist students attending HBCUs.
Participants were also encouraged to vote for the HBCU of their choice to receive an additional donation of $50,000 for scholarships. The votes are currently being calculated and the winning HBCU will be announced on December 31, 2013. Last year, Lincoln University of Missouri won the inaugural competition and distributed scholarship funds to 25 students.
The Tom Joyner Foundation would like to thank students, alumni and supporters from across the country who participated in the program. The efforts contribute to the continuation of Keeping Scholars in School.
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 (http://tomjoynerfoundation.org) 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.