MADISON, Wis. - CUNA Mutual Group made a $20 million contribution to the CUNA Mutual Group Foundation Tuesday.
The foundation donates funds to support nonprofit organizations that address economic challenges, education disparities and equity issues. Each year, the CUNA Mutual Foundation donates $2 million. Most recently, its donations include $400,000 to the National Credit Union Foundation's disaster relief fund, $200,000 to the Urban League of Greater Madison's jobs campaign, $100,000 to Porchlight's Safe Haven program and $500,000 to the Madison Metropolitan School District.
According to a release, the unprecedented boost in funding was aided by the federal tax reform.
“There are thousands of people in our communities struggling to make ends meet, and as one of Wisconsin’s largest employers, we want to make a real difference with this tax relief opportunity,” Robert Trunzo, president and CEO of CUNA Mutual Group, said.
Trunzo said the donation contributes to funding future foundation work in the years to come and creates a sustainable funding source for organizations.
“It is imperative our foundation’s funding aligns with our company’s values and help close the gap on economic and educational disparities in our communities," Trunzo said. "As a community leader, we will put this funding to work, where we live, work and serve to truly make a difference.”