TrueNorth Companies announced at its December all-colleague meeting that its 2024 philanthropic efforts exceeded $1.3 million in donations, surpassing the $1 million milestone reached in 2023.
As stated in a news release from TrueNorth, these funds were distributed through various channels, including TrueNorth and First MainStreet’s community impact funds, quarterly colleague-led fundraising efforts, a colleague match program, and the TrueNorth Legacy Foundation.
The donations supported more than 350 nonprofit organizations across the U.S. In September, the risk management and insurance brokerage firm distributed $540,000 of the funds raised to various community initiatives.
During its annual meeting, the TrueNorth Legacy Foundation also presented its third annual Founders Fund award, which recognizes a TrueNorth colleague for outstanding volunteerism and commitment to a nonprofit organization. This year’s honoree, Claims Specialist Teri Krumm, was recognized for her work with Sleep in Heavenly Peace, a nonprofit dedicated to ensuring that every child in Linn County has a bed of their own.
“The intention of the Founders Fund is to recognize colleagues who are stepping up to be there for their families and clients while making a difference in the community,” said Matt Evans, TrueNorth Legacy Foundation board president, in the release. “Honoring the philanthropic spirit of our six founding members, this annual award offers our colleagues a platform to shed light on good work and secure funding to further the organization’s mission.”
In addition to colleague recognition, the Legacy Foundation’s Founders Fund contributed $10,000 to the chosen cause.
“Throughout her tenure at TrueNorth, Teri has made a tremendous impact on TrueNorth’s Community Outreach efforts,” said Anne Parmley, TrueNorth’s community impact director, in the release. “She really is a role model to other colleagues and has inspired us all to support and uplift the causes that matter to us.”
The Founders Fund award marked the conclusion of the Legacy Foundation’s 2024 grant cycle. As stated in the release, grant recipients are selected based on three criteria:
- A demonstrated need and vision for transformational impact
- Alignment with the Legacy Foundation’s pillars of children and education, vibrant communities, and emergency response and preparedness
- A sponsorship from a TrueNorth colleague
