(From a press release)
Children’s Scholarship Fund Philadelphia (CSFP) has received a four-year commitment from the Philadelphia Insurance Companies Foundation (PHLY) totaling $200,000. This latest gift is the first multi-year commitment to CSFP from the insurance company’s philanthropic arm and brings the company’s total investment in scholarships to more than $2 million. In 2023, PHLY’s gifts supported more than 800 scholarships, and the company’s long-time support over the past 11 years has funded over 1,100 K-8th grade scholarships in total.
“The funds from the PHLY Foundation will directly benefit hundreds of new CSFP scholars and we are immensely grateful for PHLY’s support,” said Keisha Jordan, President and CEO, Children’s Scholarship Fund Philadelphia. “For years, our teams have worked together to grow this impactful relationship and being chosen to receive the Foundation’s multi-year gift underscores our mutual commitment to empower Philadelphia students and their families to prioritize quality education.”
In addition to the Foundation grant, PHLY’s support of CSFP has come in many forms: annual contributions through the Pennsylvania Education Improvement Tax Credit (EITC) and Opportunity Scholarship Tax Credit (OSTC) programs, event sponsorships, volunteer engagement, and most recently a membership to the thought leadership organization, the Satell Institute. PHLY’s philanthropic support will continue to enable hundreds of otherwise under-resourced Philadelphia students to attend safe, quality tuition-based schools that best meet their needs.
“The difference Children’s Scholarship Fund Philadelphia is making for students is undeniable and PHLY is proud to continue supporting this important work,” said John Glomb, President and CEO, Philadelphia Insurance Companies. “CSFP’s work is in line with our company’s values of educational empowerment and we are committed to helping provide Philadelphia children with access to safe, quality education.”
Children’s Scholarship Fund Philadelphia (CSFP) is a privately funded program whose mission is to provide financial access for students from under-resourced Philadelphia families to safe, high-quality, tuition-based schools. It is the largest and most diverse provider of scholarship support for grades K-8 in Pennsylvania. CSFP currently serves more than 6,100 children in K-8th grade enrolled at more than 150 area tuition-based schools, who are receiving a maximum of $3,200 per child, per year. CSFP scholarships are all need-based and awarded by random lottery. To learn more about CSFP’s Breaking Barriers Campaign goals and priorities, visit.
Philadelphia Insurance Companies designs, markets, and underwrites commercial property/casualty and professional liability insurance products incorporating value added coverages and services for select industries. The Company is rated “A++” (Superior) by AM Best Company and “A+” for counterparty credit and financial strength by Standard & Poor’s. In business for over 60 years, PHLY is nationally recognized as a member of Ward’s Top 50, one of the Best Places to Work in Insurance, and one of the Healthiest 100 Workplaces in America. The organization is strategically located across the United States to provide superior service. For more information, please visit.
