NEW YORK--(BUSINESS WIRE)--Lemonade (NYSE: LMND), the digital insurance company driven by AI and social impact, announced its 2024 Giveback, marking the eighth consecutive year of giving back to dozens of local and global charities chosen by customers.
This year’s Giveback donated $2,112,608 to 43 nonprofits globally, supporting causes in healthcare, education, climate, global poverty, animal rights, and more. Customers choose their Giveback nonprofit Nonprofits when signing up for a Lemonade renters, homeowners, car, or pet insurance policy.
The 2024 Giveback supports a range of transformative projects globally and throughout the United States. For example, Pencils of Promise, a nonprofit focused on access to quality education for children, will use their Lemonade donation to build an entire school for a community in Ghana, transforming the lives of more than 200 students each year. The volunteer-based organization Objective Zero Foundation will provide 24,500 American service members, veterans, and family members access to PTSD support via the Objective Zero app. New Story, a nonprofit focused on the global housing crisis, will fund new homes for 100 families in an underserved neighborhood in Jalisco, Mexico.
“Social impact is a core pillar of who we are as Lemonade and has been since the very beginning,” said Shai Wininger, Lemonade cofounder and President. “The tangible impact of our Giveback program with more than $10 million donated since Lemonade’s founding underscores the profound difference companies like ours can make. Giveback reflects the collective power of community and its ability to drive meaningful change, and that’s something we’re very proud of.”
“We believe every child should have access to quality education, driving our mission to create safe and healthy learning environments where students can reach their full potential,” said Brad Wisdom, Chief Global Advancement Officer at Pencils of Promise. “This year marks five years working with Lemonade’s Giveback program, and it’s been amazing to see the partnership grow over that time. We’ve been able to provide technology resources to schools, clean drinking water to thousands of classrooms, and now we’re building an entire school directly from this year’s Giveback donation—an incredible opportunity to impact so many childrens’ lives.”
The Lemonade Giveback has skyrocketed 3,873% since 2017, with other notable contributions since its start including:
- More than 1 million students and teachers provided with tools, resources, and opportunities to support their education through organizations like Teach for America and Robin Hood.
- Meals provided to 624,693 people in need through nonprofits including Feeding America and City Meals on Wheels.
- More than 40,000 people provided with access to clean and safe drinking water through community projects, such as new wells and taps, via charity: water and Pencils of Promise.
“We’re honored to partner with Lemonade and their community to bring clean drinking water to over 28,000 people since 2017,” said Scott Harrison, charity: water founder and CEO. “As one of Lemonade’s earliest Giveback partners, we’ve seen firsthand how the impact has compounded as Lemonade grows. Our partnership is proof that when passionate, conscious companies and nonprofits team up, the ability to create change is transformative.”
See this year’s full impact report outlining the organizations receiving a Giveback here.
About Lemonade
Lemonade offers renters, homeowners, car, pet, and life insurance. Powered by artificial intelligence and social impact, Lemonade’s full stack insurance carriers in the US and the EU replace brokers and bureaucracy with bots and machine learning, aiming for zero paperwork and instant everything. A Certified B-Corp, Lemonade gives unused premiums to nonprofits selected by its community, during its annual Giveback. Lemonade is currently available in the United States, Germany, the Netherlands, France, and the UK, and continues to expand globally.
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FORWARD LOOKING STATEMENTS
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These and other important factors are described under the caption "Risk Factors" in our Annual Report on Form 10-K for the fiscal year ended December 31, 2023 filed on February 28, 2024, and in our other subsequent filings with the SEC, could cause actual results to differ materially from those indicated by the forward-looking statements made in this press release. Any such forward-looking statements represent management’s beliefs as of the date of this press release. While we may elect to update such forward-looking statements at some point in the future, we disclaim any obligation to do so, even if subsequent events cause our views to change.
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