State Farm pre-funds $2.5 million in disaster response grants

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Michael L. Tipsord Chairman, President and Chief Executive Officer | State Farm, IL

With August marking the beginning of the peak hurricane season, State Farm has pre-funded $2.5 million in disaster response grants. The allocation includes $2 million to the American Red Cross, $250,000 to Convoy of Hope, and $250,000 to Midwest Food Bank. These funds are intended to support immediate disaster response efforts by these community non-profits.

“Mission Leaders like State Farm are vital to our work, helping drive innovation across our organization, providing capacity to respond immediately in times of crisis," said Cliff Holtz, president and CEO of the American Red Cross. “I am grateful for their support, which safeguards our ability to care for those in need when the unthinkable happens."

State Farm's new strategy aims to pre-fund grants before disasters occur. This approach is designed to provide streamlined and immediate support for disaster relief efforts. The goal is to enhance non-profit preparedness and ensure timely assistance for communities affected by various crises including hurricanes, floods, and home fires.

“Being a good neighbor is at the heart of the State Farm mission,” said Apsara Sorensen, State Farm Corporate Responsibility Assistant Vice President. “State Farm is committed to helping individuals and families manage the risks of everyday life and recover from the unexpected. We extend this commitment to the neighborhoods we serve by providing resources and collaborating with nonprofit organizations with a history of disaster response.”

"This proactive support ensures that Midwest Food Bank is ready to respond swiftly when natural disasters strike. Thanks to their commitment, we can bring hope and help to those in need," said Lisa Martin, CFO of Midwest Food Bank.

According to Ethan Forhetz, Convoy of Hope VP of Public Engagement, "This grant ensures that Convoy disaster response teams will stand ready to deliver hope to those whose lives have been turned upside down."

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