Texas Mutual donates $2M to support nonprofits meeting COVID-19 needs

AUSTIN, Texas, March 30, 2020 /PRNewswire/ -- Texas Mutual Insurance Company, the state's leading provider of workers' compensation insurance, today announced a donation of $2 million in grant funding for nonprofit organizations across the state that are vital to COVID-19 relief and recovery. The grants will go to 40 nonprofit organizations, including Meals on Wheels, United Way, local food banks, community health organizations and more that are on the front lines of the COVID-19 efforts.

A core pillar of Texas Mutual's community program, TXM for Texas, is to empower the communities across the state where its policyholders live and work. The grants will help ensure the most vulnerable individuals in those areas are served during the COVID-19 pandemic.

"Our mission of creating a stronger, safer Texas is more important now than it ever has been. As a state, we're blessed to have so many nonprofits doing difficult and necessary work to care for our communities. Partnering with them to take care of Texans is an honor," Rich Gergasko, president and CEO of Texas Mutual, said. "This donation will help them retain staff, provide resources and save the lives of Texans during a time when they are needed most."

For the first round of funding, Texas Mutual is donating $1.35 million in grants ranging from $25,000 to $100,000 to seven organizations in central Texas, five in south Texas, seven in the gulf coast and seven in north Texas. An additional $650,000 is earmarked for needs as they arise in other areas of the state.

Providing funding to nonprofit organizations who are on the ground and doing the work in these communities is a crucial part of the company's effort to mitigate the impact of COVID-19 on Texas employers and employees. Learn more about the grants and how Texas Mutual is supporting its policyholders at texasmutual.com/coronavirus.

About Texas Mutual Insurance Company
Austin-based Texas Mutual Insurance Company, a policyholder-owned company, is the state's leading provider of workers' compensation insurance. Texas Mutual provides coverage to 44% of the market, representing 70,000 companies, many of which are small businesses. Since 1991, the company has provided a stable, competitively priced source of workers' comp insurance for Texas employers. Helping employers prevent workplace accidents is an important part of Texas Mutual's mission. 

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SOURCE Texas Mutual Insurance Company