HAMILTON, BERMUDA, June 29, 2020 – The Chubb Charitable Foundation – Bermuda announced today the creation of a new summer volunteer initiative called the “Community Service Values Summer Program” designed to support Bermudian college students and several local non-profit organizations that have been impacted during the current pandemic.
The Chubb Charitable Foundation – Bermuda partnered with the Ministry of Education, The Bermuda College, Knowledge Quest and the Bermuda Business Development Agency to identify up to 35 Bermudians entering their college sophomore, junior, or senior years and in need of summer employment to continue their studies in the fall. The Foundation will fund a weekly salary for each student in return for twenty hours a week of community service at a designated non-profit organization.
Chubb Bermuda’s newly developed program will run for six weeks, beginning on June 29th. To date, more than twenty local charities have requested assistance on a variety of projects.
“Most Bermudian students rely heavily on their summer employment wages to help pay for their college expenses, and this year the financial need of many has been further exacerbated by parents or family members who may have become unemployed, furloughed or had to take significant pay cuts during these unprecedented times,” said Judy Gonsalves, Division President, Chubb Bermuda. “Chubb is pleased to have come up with a creative solution that not only provides summer employment opportunities for Bermudian students, but also provides operational support and resources for many of Bermuda’s non-profits who are facing challenging times ahead as a result of the difficult economic conditions we are experiencing.”
Lori Dunstan, Vice President and Executive Director of the Chubb Charitable Foundation, also confirms that the Foundation is separately making a $60,000 grant to The Bermuda College Foundation to help provide Bermuda College students with financial assistance, and will continue its long-standing commitment to provide $30,000 in scholarship awards to selected Bermuda College students in 2020.
Chubb’s Foundation remains committed to strengthening the communities in which we serve, by using financial resources to actively address social, educational, and other issues of community concern.
Chubb is the world's largest publicly traded property and casualty insurance company. With operations in 54 countries and territories, Chubb provides commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance and life insurance to a diverse group of clients. As an underwriting company, we assess, assume and manage risk with insight and discipline. We service and pay our claims fairly and promptly. The company is also defined by its extensive product and service offerings, broad distribution capabilities, exceptional financial strength and local operations globally. Parent company Chubb Limited is listed on the New York Stock Exchange (NYSE: CB) and is a component of the S&P 500 index. Chubb maintains executive offices in Zurich, New York, London, Paris and other locations, and employs approximately 33,000 people worldwide. Additional information can be found at: chubb.com.
About the Chubb Charitable Foundation - Bermuda
Since 1997, the Chubb Charitable Foundation – Bermuda (previously the ACE Foundation – Bermuda) has played a significant role as a major philanthropic force in Bermuda. The Foundation supports many Bermuda-based charities as some work to battle many of the island’s social challenges whilst others provide programs that add to the vibrancy of the Bermuda community. In addition, the Foundation supports the community through employee matching gift and volunteer reward programmes, educational programmes and scholarships.
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