Close Close
Popular Financial Topics Discover relevant content from across the suite of ALM legal publications From the Industry More content from ThinkAdvisor and select sponsors Investment Advisor Issue Gallery Read digital editions of Investment Advisor Magazine Tax Facts Get clear, current, and reliable answers to pressing tax questions
Luminaries Awards

Life Health > Life Insurance

NAILBA Gives To Charity

Your article was successfully shared with the contacts you provided.

HOLLYWOOD, FLA. — The National Association of Independent Life Brokerage Agencies put philanthropy on the front burner here during the second general session of the association’s 28th annual meeting.

In 2009, the NAILBA Charitable Foundation made 12 grants to worthy charities, amounting to $237,000 in total value, said Christi M. Daughenbaugh, chairman of the foundation, who is also NAILBA’s 2009 treasurer and the chief operating officer of Borden Hamman Agency Inc., Dallas

The foundation also awarded its first Felton Grant, created in 2008 in honor of the Foundation’s first leader, Col. William J. Felton III, to Children’s Oncology Services Inc., Brookline, Mass., she said.

In addition, the foundation has contributed $25,000 to the Life and Health Insurance Foundation for Education, Arlington, Va., said Jack Dewald, president and owner of Agency Services Inc., Memphis, Tenn. and the LIFE Foundation’s 2010 chair. The LIFE Foundation promotes consumer education and awareness about life insurance. The NAILBA foundation’s donation will go towards funding the scholarships that LIFE gives to high school seniors, said Dewald.

Also during the meeting, NAILBA corporate partners Genworth Financial Inc., Richmond, Va., and Prudential Financial Inc., Newark, N.J., presented donations of $20,000 and $25,000, respectively, to the NAILBA foundation.

In addition, two Legal & General America companies, Banner Life Insurance Company, Rockville, Md., and William Penn Life Insurance Company, Garden City, N.Y., contributed a 1957 Chevrolet Bellaire to the foundation’s annual raffle, said Parks LaMarche, 2009 president of the NAILBA Charitable Foundation and president of CPS/Integrated Marketing, San Diego.

Another donation is coming from the Independent Order of Foresters, Toronto, said Parks. The fraternal society and insurer is donating a fully funded playground for installation in a community, using the NAILBA foundation as a conduit, he said. Valued at $75,000, the playground will join several other playgrounds to which the insurer has contributed.

Daughenbaugh described the work of the NAILBA Charitable Foundation’s as one way that members and partners of NAILBA, Fairfax, Va., are “giving back to their communities with both their time and their money.”

That message was expanded upon by the keynote speaker, CBS sportscaster Greg Gumbel. He was introduced as being a sportscaster who is devoted to community service.

Grumbel described how, over the years, he learned that many athletes and sports celebrities regularly make generous gifts to charities, often with no publicity about the gifts at all. Those generous actions “made me think,” he said. This prompted him to start helping community organizations, too. “It’s what we should all do and be–to give of ourselves for the greater good,” Grumbel said.

In closing, he said of his own community service, “I’m not looking for a pat on the back; I’m embarrassed that it didn’t happen a long time ago.” He said he now hopes to inspire others to give of themselves.


© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.