Nonprofit Insurer Pays $3 Million In Dividends

By Nonprofit Times

Nonprofits Insurance Alliance (NIA) approved a $3-million dividend for policy holders, the 15th consecutive year that a dividend was declared. Dividends to nonprofit members have now eclipsed $50 million since 2007.

“As a 501(c)(3) nonprofit ourselves, our mission is to support other nonprofits,” said President and CEO Pamela Davis, who founded the Santa Cruz, Calif.-based social enterprise in 1989.

“Knowing that our member nonprofits continue to feel severe financial hardships brought on by COVID-19, our ability to pay our NIAC members a dividend for the 15th consecutive time has special meaning for us this year,” she said.

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