Through the OneBeacon Charitable Trust, OneBeacon gives back to those nonprofits that matter most to members of our community. Our community giving program supports OneBeacon employee and producer volunteer, leadership and philanthropic efforts. The Trust additionally advances education through a matching gift program and a college scholarship program. And lastly, the Trust also supports organizations providing emergency assistance anywhere in the world in the aftermath of a natural disaster or during a state emergency.
You can read about the Trust’s 2016 sponsorship activities and learn about the organizations that matter most to our community in our annual report.
Each year, OneBeacon awards $2,000 one-year scholarships to 16 rising college freshmen. Eight are awarded to children of employees and eight to the children of the staff employed by OneBeacon agents, brokers or wholesalers. The scholarship program, including award determination, is administered by Scholarship Management Services, a nonprofit scholarship program administrator. To qualify, the applicant’s parent must have at least six months of service with OneBeacon or three years with an agency/broker/wholesaler that has represented OneBeacon for at least one year. Scholarships are awarded based on various criteria including academic records, leadership skills, participation in school and community activities, honors, work experiences, and a personal recommendation. Financial need will not be considered.
Educational Matching Gift Program
OneBeacon matches employee contributions to any tax-exempt private secondary school, public or private junior college, college, university, or graduate or professional school in the U.S. or its possessions. These institutions must qualify as nonprofit under IRS Code § 501(c)(3); accredited by an independent accreditation body; and their admission policies must meet the requirements of the IRS Code. The company match is 100 percent of the employee’s contribution, with a maximum match of $1,500.