Lemonade’s 2020 giveback hits new high, Backing 34 nonprofits chosen by customers

The Lemonade Giveback is part of the company’s socially-impactful business model, in which a portion of underwriting profits go to nonprofits of customers’ choosing. As the Lemonade community grows, so does the potential of the Giveback, and this year’s donation is more than 20x the first one in 2017. “The global pandemic has hurt so many in so many ways. More than ever, we’re grateful that our business allows us to take care of our customers while they take care of their communities.Many of our customers selected Direct Relief’s COVID response for their Giveback, and in so doing they helped finance medication for 50,000 ICU patients - a hugely impactful move,”said Daniel Schreiber, Lemonade CEO and cofounder.

 

Lemonade, the insurance company powered by artificial intelligence and behavioral economics, announced today that its 2020 Giveback for the twelve months ended June 30, 2020, or the 2020 Giveback, amounts to $1,128,110, to be donated to 34 nonprofit organizations chosen by customers.

This year’s Giveback is larger than the previous three years’ combined, and is wide-ranging and global in its impact. The Lemonade community is giving back to COVID-19 relief, youth education, and the homeless, financing racial justice projects, combating police brutality, supporting veterans, and helping prevent LGBTQ+ suicide, among many other causes.

The Lemonade Giveback is part of the company’s socially-impactful business model, in which a portion of underwriting profits go to nonprofits of customers’ choosing. As the Lemonade community grows, so does the potential of the Giveback, and this year’s donation is more than 20x the first one in 2017.

“The global pandemic has hurt so many in so many ways. More than ever, we’re grateful that our business allows us to take care of our customers while they take care of their communities.Many of our customers selected Direct Relief’s COVID response for their Giveback, and in so doing they helped finance medication for 50,000 ICU patients - a hugely impactful move,”said Daniel Schreiber, Lemonade CEO and cofounder.

Among many other charities, the 2020 Giveback is being distributed to global organizations supporting educational resources, such as the Malala Fund, UNICEF, and Pencils of Promise, and U.S. based nonprofits tackling poverty, such as Women in Need (WIN) and New Story, and addressing mental health, such as Born This Way Foundation, The Trevor Project, and Objective Zero.

Donations from the Lemonade community are also being channeled to March for Our Lives, advocating for the end of gun violence, ACLU’s Criminal Justice program to end racial inequality, and 350.org, the global grassroots climate movement building a clean energy future for all.

“We are grateful for the groundswell of contributions to the ACLU that the Lemonade community has donated,” said Rebecca Lowell Edwards, Chief Communications Officer for the ACLU.

“At a moment of reckoning for racial justice, police abuse, and unprecedented daily threats to the Constitution, we are encouraged by the strong support for civil rights across the country.”

“As one of the first organizations to become a Lemonade Giveback partner in 2017, we have seen firsthand how successful this program can be for nonprofits,” said Muneer Panjwani, VP of Foundation, Government, and Corporate Partnerships of The Trevor Project. “This year’s generous contribution will help us reach even more of the roughly 1.8 million LGBTQ youth who seriously consider suicide in the US each year.”

"350.org is driven by people power, and Lemonade makes it easier for people to do good,” said May Boeve, Executive Director, 350.org. “We are so grateful for the support from Lemonade policyholders. The support proves it's possible to build a fossil-free economy thanks to Lemonade and all of the policyholders that make our grassroots climate campaigns possible."

The 2019 Giveback donated $631,540 to 25 nonprofit organizations chosen by policyholders, whereas the 2018 Giveback stood at $162,135 to 15 nonprofit organizations, and the first annual Giveback in 2017 channeled $53,174 to 14 different charities.


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