2nd Year of $50,000 Gift to Continue Fostering Organization's
Black Leadership-driven Initiatives
CARMEL, Ind.,
Nov. 20,
2023 /PRNewswire/ -- CNO Financial Group (NYSE: CNO)
announced today that for the second consecutive year, the company
is donating $50,000 to the African
American Alliance of CDFI CEOs (The Alliance). The national
membership organization of 76 Black-led community development
financial institutions (CDFIs) is committed to fostering social and
economic justice for African American communities.
"CNO is pleased to once again provide our donation to The
Alliance, which will enable meaningful advancements in support of
its membership, including continued training and grant
opportunities and increased staff to serve its members' needs,"
said Matt Zimpfer, general counsel
and executive sponsor for CNO's diversity, equity and inclusion
program. "Importantly, we believe this donation renewal will
further help The Alliance deliver increased access and benefit to
its members – all in an effort to reach more unbanked middle-income
Americans."
The Alliance serves Black-led CDFIs nationwide, by supporting
and empowering CDFI CEOs to lead and grow their institutional
operations, teams and social impact, while elevating the voices of
these Black community leaders. The Alliance also supports Black and
female CEO members, who systemically face racial and gender
resource inequities that adversely impact their CDFIs and
communities. In addition, the organization serves as a thought
leader for CDFI public policy issues and engages in research that
informs the need to continue its efforts toward helping Black
communities achieve economic equity with all people.
"We extend our heartfelt gratitude to the CNO Financial Group
for once again choosing to invest in the Alliance's pivotal mission
to close the racial wealth gap," said Lenwood V. Long, Sr., president & CEO of The
Alliance. "Their ongoing commitment and generous funding for the
second year running underscores their dedication to addressing
racial equity challenges. We are deeply appreciative of CNO for
being such powerful advocates and allies in our journey to empower
African American communities and advance racial equity."
Long noted the new donation will help further The Alliance's
CDFI 101 program, which helps emerging CDFIs to properly prepare
and apply for CDFI certification – improving access to investment
opportunities that can expand their impact on the community.
Last year's financial donation from CNO was instrumental in
enabling The Alliance to continue supporting such vital programs,
including the African American Equity Impact Scorecard and the
Alliance Women-Led initiative and its grant-making foundation.
CNO's donation to The Alliance is part of the company's
long-standing commitment to support nonprofit organizations that
address the health and financial wellness of middle-income
Americans. CNO is also a signatory of the CEO Action for Diversity
& Inclusion™ pledge, the Indy Racial Equity Pledge and a
supporter of CEO Action for Racial Equity.
To learn more about CNO's commitment to the community,
diversity, equity and inclusion (DE&I), and corporate social
responsibility, visit www.cnoinc.com/corporate-responsibility.
About CNO Financial Group
CNO Financial Group, Inc. (NYSE: CNO) secures the future of
middle-income America. CNO provides life and health insurance,
annuities, financial services, and workforce benefits solutions
through our brands, including Bankers Life, Colonial Penn,
Optavise, and Washington National. Our customers work hard to save
for the future, and we help protect their health, income, and
retirement needs with 3.2 million policies and $34 billion in total assets. Our 3,400
associates, 4,600 exclusive agents and more than 4,000 independent
partner agents guide individuals, families, and businesses through
a lifetime of financial decisions. For more information, visit
www.CNOinc.com.
About The African American Alliance of CDFI CEOs
The African American Alliance of CDFI CEOs (The Alliance) is a
coalition of 76 CEOs of Black-led Community Development Financial
Institutions (CDFIs), comprising loan funds, credit unions, venture
capital firms, and non-profit developers. Since 2018, The Alliance
has represented all 50 states and the District of Columbia. As a result, members are
uniquely positioned to address issues related to housing and access
to capital for African American populations and communities. Learn
more about The Alliance and its programs at
http://www.aaacdfi.org.
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SOURCE CNO Financial Group, Inc.