Radian’s Fundraising Campaign for MBA Opens Doors Foundation Surpasses Donation Goal
November 28 2023 - 5:30AM
Business Wire
Radian Group Inc. (NYSE: RDN) today announced that its annual
“Opens Doors Opens Hearts” fundraising campaign generated $216,090
to benefit the MBA Opens Doors Foundation, which provides mortgage
and rental assistance to those caring for a critically ill or
injured child.
This year, more than 200 donors contributed more than $108,045
to the “Opens Doors Opens Hearts” campaign, exceeding the
fundraising goal set by the company. All funds raised as part of
the campaign are being matched by Radian to amplify the impact.
“We are filled with gratitude for each and every person who
joined us in supporting the MBA Opens Doors Foundation, which
provides critical aid to families in times of need,” said Radian
Chief Executive Officer Rick Thornberry. “The impressive success of
this year’s fundraising campaign is a testament to the
extraordinary generosity of Radian’s employees and their friends,
families, and business partners, and we are so appreciative of
everyone who joined the effort. On this Giving Tuesday, we thank
you for coming together to support families across the country who
are facing incredibly difficult challenges.”
Created by the Mortgage Bankers Association (MBA) in 2011, the
MBA Opens Doors Foundation helps vulnerable families with
critically ill or injured children stay in their homes while a
child is in treatment. Through its Home Grant Program, it provides
families in need of mortgage or rental payment assistance with
monthly grants of up to $2,000. Radian is a longstanding supporter
of the Foundation.
Since 2018, Radian has hosted an annual fundraising campaign to
benefit the MBA Opens Doors Foundation. To date, Radian’s annual
fundraiser initiative has generated more than $880,000 in support
for the organization. The fundraising effort has grown
year-over-year, raising 40% more in donations in 2023 than in
2022.
In 2019, the company helped the MBA Opens Doors Foundation
launch an alliance with the Children’s Hospital of Philadelphia
(CHOP) with a $400,000 commitment over four years. In 2023, Radian
committed an additional $500,000 over five years.
Additionally, for more than a decade, Radian has been a lead
sponsor of Concert MBA, a benefit concert and auction for the MBA
Opens Doors Foundation that has brought artists including Tim
McGraw, Keith Urban, Kelly Clarkson, John Legend, James Taylor,
Sheryl Crow, OneRepublic, Five for Fighting’s John Ondrasik, and
Hootie & the Blowfish’s Darius Rucker 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.
The company also holds an annual holiday giving campaign, Radian
Gives, and this year the company’s Employee Resource Groups (ERGs)
are spearheading the curation of causes that will be championed at
radiangives.com.
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 commitment to continue to be a responsible corporate
citizen with a positive impact in the community.
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
radian.com and homegenius.com to learn more about how Radian and
its pioneering homegenius platform are building a smarter future
for mortgage and real estate services.
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For Investors: John Damian - Phone: 215.231.1383 email:
john.damian@radian.com
For the Media: Rashi Iyer - Phone 215.231.1167 email:
rashi.iyer@radian.com
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