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Newport Beach, Calif. – (Oct. 24, 2007) – The Pacific Life Foundation, the charitable giving arm of Pacific Life Insurance Company, today announced an emergency grant of $500,000 to the American Red Cross Southern California Wildfires Fund. These funds are being made available immediately to assist the American Red Cross in their efforts as they provide shelter, food, counseling, and other assistance to those who have been affected by the Southern California wildfires.
“The displacement of families caused by these fires is unprecedented and requires a rapid response by the public and private sectors to assist our employees and neighbors to cope with this tragedy,” said Bob Haskell, President of the Pacific Life Foundation. “The American Red Cross is already on the front lines helping those who have been evacuated and those who have lost their homes as a result of these fires.”
The Pacific Life Foundation was established in 1984. Together with Pacific Life, the Foundation has contributed donations totaling over $42 million to hundreds
of nonprofits over the past 22 years. The Foundation’s current endowment is approximately $63 million.
Founded in 1868, Pacific Life provides insurance products, annuities, and mutual funds, and offers a variety of investment products and services to individuals, businesses, and pension plans.1 Pacific Life counts more than half of the 50 largest U.S. companies as clients2 and is a member of the Insurance Marketplace Standards Association (IMSA), whose membership promotes high ethical standards for the sale of individual life insurance and annuities.
1 Product features and availability vary by state.
2 Data compiled by Pacific Life using the FORTUNE 500® list as of April 2007.
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