Radian CEO Rick Thornberry Joins the MBA Opens Doors Foundation Board of Directors
January 12 2022 - 5:30AM
Business Wire
Board Membership Mirrors Radian’s Longstanding
Commitment to Protecting and Preserving the American Dream of
Homeownership
Radian Group Inc. (NYSE:RDN) today announced that its Chief
Executive Officer Rick Thornberry has joined the Board of Directors
of the Mortgage Bankers Association (MBA) Opens Doors Foundation,
which helps families with critically ill or injured children afford
their rent or mortgage payments while their children are in
treatment. Radian is a longstanding supporter of the Opens Doors
Foundation and other charitable causes, and each year backs a range
of nonprofits through charitable contributions, a matching gifts
program for employees, fundraising drives and community-based
volunteer work.
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Rick Thornberry, CEO, Radian (Photo:
Business Wire)
“I am honored to join the board of Opens Doors, which provides
invaluable support for families when they need it the most,” said
Thornberry. “Radian is deeply committed to protecting and ensuring
the American dream of homeownership and Opens Doors’ important work
also helps accomplish that mission. Radian looks forward to further
supporting their efforts in the years to come.”
In 2019, Radian helped Opens Doors launch an alliance with the
Children’s Hospital of Philadelphia (CHOP), and made a $400,000
commitment over four years to fund the partnership. With more than
560 in-patient beds and more than one million patient visits a
year; CHOP has become one of Opens Doors’ largest network
hospitals.
Radian has held special fundraising campaigns for the past
several years during the MBA Annual Convention in support of the
Opens Doors Foundation, encouraging donations through creative
social media challenges and auctions. In 2020, the Opens Doors
Foundation received $166,000 as a result of Radian’s Everyday
Heroes Challenge, and in 2021, Radian generated $171,000 in
donations through its Opens Doors, Opens Hearts campaign.
“On behalf of the entire Opens Doors Foundation team, we warmly
welcome Rick to our board, and look forward to his perspective on
how we can continue to deliver on our mission and reach populations
in need of housing assistance,” said MBA Opens Doors Foundation
President Deborah Dubois. “Rick embodies the true spirit of an
Opens Doors champion and brings insight, experience and passion to
our organization as we continue to make it easier for families with
critically ill or injured children struggling to make their housing
payments.”
For more than 10 years, Radian has been a lead sponsor of
Concert MBA, a benefit concert and auction for the Opens Doors
Foundation that has brought artists including Keith Urban, Kelly
Clarkson, John Legend, James Taylor, Sheryl Crow, and OneRepublic
to the Annual MBA Convention.
Radian’s Corporate Citizenship Program
Radian’s Corporate Citizenship Program was developed to
encourage and support the generosity and community involvement of
its employees. Since its inception, the program – through both
company and employee contributions – has provided significant
financial support to charities across the country. The program
consists of three components:
- Corporate Contributions– Charitable contributions made
by Radian to non-profit organizations, which include direct
corporate contributions and sponsorship of charitable events.
- Matching Gifts – Charitable contributions made by Radian
to a non-profit organization that mirror donations made by
employees to the same organization.
- Community connection – Radian’s community-based program,
Radian Connected, offers employees an opportunity to serve their
local communities through volunteerism.
In 2020, to help alleviate challenges generated by the COVID-19
pandemic, Radian increased the cap on eligible individual
contributions and doubled its matching gift program, while also
passing along some of the savings from reduced travel and
entertainment expenses to organizations supporting essential
workers.
Since 2019, in addition to the Opens Doors Foundation, Radian
has made significant charitable corporate contributions to the
Center for Disaster Philanthropy, the Gary Sinise Foundation, Toys
for Tots, The Human Rights Campaign and UNICEF USA among other
organizations.
Radian’s commitment to charitable work is a component of its
broader Corporate Responsibility Program, which focuses on
supporting the company’s commitment to environmental, health and
safety, corporate social responsibility, corporate governance,
equity, sustainability and other public policy matters relevant to
the company and its operations. This program aligns with Radian’s
company-wide commitments to continue to be responsible corporate
citizens with a positive impact in the community and with the
people it serves.
About Radian
Radian Group Inc. (NYSE: RDN) is ensuring the American dream of
homeownership responsibly and sustainably through products and
services that include industry-leading mortgage insurance and a
comprehensive suite of mortgage, risk, title, valuation, asset
management and other real estate services. We are powered by
technology, informed by data and driven to deliver new and better
ways to transact and manage risk. Visit www.radian.com to learn
more about how Radian is shaping the future of mortgage and real
estate services.
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