Lemonade (NYSE:LMND), the digital insurance company powered by social impact, announced that its 2022 Giveback for the twelve months ended June 30, 2022, “amounting to $1,873,588, to be donated across 59 nonprofit organizations chosen by its 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.”
This year’s Giveback amounts “to almost 1.5% of Lemonade’s 2021 annual revenue—that’s more than 10 times the 0.11% of revenue Fortune 100 companies donate,” according to CECP’s 2021 ‘Giving in Numbers’ report. This also “marks the company’s sixth year of the program, donating more than $6 million since the first Giveback in 2017.”
May Boeve, Executive Director, 350.org, said:
“In this time of enormous change from the pandemic, from war, from changes to how our governments work around the world, it is people power that is going to get us through. Lemonade’s vision to empower individuals and organizations is a model for others to embrace.”
Rebecca Lowell Edwards, Chief Communications Officer at ACLU, remarked:
“As our country is grappling with attacks to access for reproductive healthcare and gender affirming care, as well as racial justice, we at the ACLU are heartened by the Lemonade community’s strong support of civil rights and liberties,”
Giveback 2022: Facts & Figures:
- The Lemonade community continues its commitment to support aid for global poverty, environmental, LGBTQ+, animal rights, among other causes.
- Lemonade customers are passionate about the causes they choose, and over the last year we saw the following trends:
- Environmental causes grew 72% as compared to last year with $492,461 in donations in 2022 amid worsening climate change. Impact driven by these organizations includes: 5,686 pounds of plastic cleared from oceans worldwide via One Earth – One Ocean; Charity:Water funded 9 water projects, providing clean and safe drinking water to 3,000 people in Mali; and 10,000 pounds of litter was removed from beaches via Alliance For The Great Lakes.
- Civil rights organizations saw a 52% increase in donations from 2021, totaling $272,331 this year. These donations supported important initiatives including: the ACLU funded 2 initiatives (the Reproductive Freedom Project and the Anti-Racism Project), 2,000 kids protected from child trafficking and online abuse via Thorn, and A21 received 6 months of funding for a 24/7 confidential helpline in Bulgaria and Greece to combat human trafficking.
- Healthcare-related nonprofits saw an 18% increase from 2021 with $379,320 in donations this year. A few of the important projects funded include: 357 hours of the world’s most promising breast cancer research funded with the Breast Cancer Research Foundation, Direct Relief provided 100 Ukrainian refugees with emergency medical backpacks, and 275 children were given cancer treatment via CURE Childhood Cancer.
- LGBTQ+ organizations saw an 11% increase with $154,649 donated to support projects including: 1,100 LGBTQ youth given lifesaving mental health services via the Trevor Project, the Ali Forney Center provided 20 individuals housing in a trans-identifying safe home, and 18 members of the LGBTQ+ community in D.R. Congo were supplied with overnight accommodations via LSVD.
Check out the full Lemonade Giveback report here.