UnitedHealth Group Inc. (NYSE:UNH) has invested about $14 million in tax-exempt revenue bonds issued by Children's Institute Inc.
Children's Institute, Los Angeles, will use the money to create a center for children who have been affected by violence.
UnitedHealth, Minnetonka, Minn., made the investment through its California Health Care Investment Program.
In other insurance philanthropy news:
– StanCorp Financial Group Inc., Portland, Ore. (NYSE: SFG), the parent of Standard Insurance Company, has agreed to raise $100,000 for Big Brothers Big Sisters Columbia Northwest by charging employees $100 per year for the privilege of wearing jeans every Friday this year.
Employee's already have pledged $35,000 in jeans privileges contributions, StanCorp says.
– Aetna Inc., Hartford (NYSE:AET), has given $20,000 to the National Cancer Coalition. The grant supports a program that helps hospitals and clinics in impoverished areas in Africa, Asia, Eastern Europe, and Latin America.
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