Ed rust jr12/16/2022 Access to effective education that allows children to achieve their greatest potential is a great stabilizer for any community. But stable, healthy, and viable communities are also of great importance to our associates and to our customers. There’s the obvious alignment between our insurance business and safer cars, roads, and homes. Is it important that your corporate responsibility programs align with State Farm’s business strategy?Ībsolutely. In recent years, we’ve sharpened our focus into three broad areas: community development, education, and safety. Try as we might, we can’t be all things to all people. How do you focus your corporate responsibility efforts? We also make larger grants in addition to the foundation matching associates’ individual contributions of up to $3,000. Last year, nearly 5,800 of our associates did that and the organizations that benefited from their work and expertise also received a total of nearly $2.9 million from State Farm. Perhaps it’s best reflected in our Good Neighbor Grant Program, which provides a $500 grant to a nonprofit organization at which a State Farm employee or agents volunteers at least 40 hours during a calendar year. In fact, it’s really what our claim representatives, our agents, and their employees do each and every day. In many ways, it’s central to who we are as an organization – a mutual company with employees and agents in thousands of communities across the U.S. Would you highlight the importance of corporate philanthropy and social responsibility to the culture of State Farm? State Farm will get the Corporate Leadership Award, created to recognize non-broadcast businesses that exemplify an extraordinary focus on community service. In June, the National Association of Broadcasters Education Foundation will honor State Farm with a “Service to America Award”. State Farm Mutual Automobile Insurance Company is the parent of the State Farm family of companies. Commercial auto insurance, along with coverage for renters, business owners, boats, and motorcycles, is also available. In addition to providing auto insurance quotes, its 17,800 agents and more than 66,000 employees serve 81 million policies and accounts – more than 79 million auto, home, life, and health policies in the United States and Canada, and nearly two million bank accounts. State Farm ( and its affiliates is the largest provider of car insurance in the U.S. He joined State Farm in 1975 at the company’s Dallas, Texas, regional office and became President and Chief Executive in 1985 and was elected Chairman of the Board two years later. A graduate of Illinois Wesleyan, Rust holds both juris doctor and master of business degrees from Southern Methodist University. He is also a member of the boards of directors of Caterpillar, Inc., Helmerich & Payne, Inc., and The McGraw-Hill Companies, Inc. Rust currently serves as a trustee of The Conference Board, the Committee for Economic Development, and Illinois Wesleyan University. Hunt, Jr., Institute for Educational Leadership and Policy. He serves on the boards of America’s Promise Alliance and the James B. Chamber of Commerce and a member of Business Roundtable and The Financial Services Roundtable. is nationally recognized as a leader of business community efforts to improve the quality of education in the United States.
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