NEW YORK, NY – June 13, 2022 — Global Atlantic Financial Group (Global Atlantic), a leading financial services company, has announced a multi-year partnership with the National Forest Foundation. Under the agreement, Global Atlantic will donate up to $500,000 in total through 2025 in support of the National Forest Foundation’s tree-planting and reforestation programs, including donations on behalf of policyholders who elect electronic delivery (e-delivery) for their policies, statements and other correspondence.
“As an environmentally conscious corporate citizen, Global Atlantic is partnering with the National Forest Foundation to make a difference in a way that’s meaningful to the company, our employees and our policyholders,” says Allan Levine, Chairman and CEO. “Our focus is on providing a more secure future; this is an extension of that mission.”
In all, Global Atlantic will donate up to $500,000 over the course of the next four years. The company has committed to annual grants of $50,000 through 2025, totaling $200,000. It will make additional donations toward tree-planting and reforestation efforts on behalf of each policyholder who elects e-delivery through 2025, up to another $300,000.
“Global Atlantic’s support will directly improve the health of National Forests by enabling the National Forest Foundation to plant trees and undertake specific and badly needed restoration work to increase forest resiliency,” says Mary Mitsos, President and CEO. “By engaging their policyholders directly, they are also helping raise awareness about how forests provide natural climate solutions.”
“Our policyholders have taken an important step in protecting their retirement security. Electing e-delivery reduces paper use, allowing them to help protect the environment, as well,” says Rob Arena, Co-President and Head of Individual Markets. “We’re taking a step to further encourage and reward them by planting a tree and protecting our forests on their behalf.”
About Global Atlantic
Global Atlantic Financial Group is a leader in the U.S. annuity and life insurance industry, serving the needs of individuals and institutions. With differentiated investment and risk management capabilities, deep client relationships, and a strong financial foundation, the company has established a track record of delivering proven, value-added solutions and long-term growth. Global Atlantic is a majority-owned subsidiary of KKR, a leading global investment firm that offers alternative asset management across multiple strategies and capital markets solutions. KKR’s parent company is KKR & Co. Inc. (NYSE: KKR).
About National Forest Foundation
The National Forest Foundation, chartered by Congress, engages Americans in community-based and national programs that promote the health and public enjoyment of the 193-million-acre National Forest System, and administers private gifts of funds and land for the benefit of the National Forests. Working on behalf of the American public, the NFF leads forest conservation efforts and promotes responsible recreation. We believe these lands, and all they provide, are an American treasure and are vital to the health of our communities.
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