The Standard Charitable Foundation Announces Four Grants Totaling $55,000

PORTLAND, OregonMay 11, 2017 — The Standard Charitable Foundation, Standard Insurance Company's charitable foundation, today announced four grants totaling $55,000 to nonprofits in Portland, Oregon; Cincinnati, Ohio; and Washington, D.C. The recipients are: Financial Beginnings, Freestore Foodbank, Young Entrepreneurs Business Week and MBA Opens Doors Foundation.

“The Standard is proud to invest in these four organizations who embody our values and provide access to basic needs and services for families,” said Greg Ness, president of The Standard Charitable Foundation and chairman, president and CEO of The Standard. “These grants will help individuals and families facing significant challenges enhance their self-sufficiency, education and employment opportunities.”

Financial Beginnings: $20,000 was awarded to Financial Beginnings, a Portland, Oregon nonprofit that empowers youth and adults and provides educational programs on personal finance in order to take control of their financial future and realize their dreams.

Freestore Foodbank: $15,000 was awarded to the Freestore Foodbank in Cincinnati, Ohio, to provide food and services, create stability and further self-reliance for people in crisis with the ultimate goal of ending hunger. Its partners serve more than 23 million meals annually to 290,000 throughout Ohio, Kentucky and Indiana.

MBA Opens Doors Foundation: $15,000 was awarded to the MBA Opens Doors Foundation, established by the Mortgage Bankers Association in Washington, D.C., to support families with critically ill or injured children through grants to help cover mortgage or rent payments.

Young Entrepreneurs Business Week: $5,000 was awarded to the Young Entrepreneurs Business Week to inspire the next generation of business leaders. It provides leadership and financial literacy programs for high school students that are held each summer at the University of Portland, University of Oregon and Oregon State University.

The Standard Charitable Foundation's giving is separate from the corporate giving of The Standard. Since 2007, The Standard Charitable Foundation, The Standard and its employees and retirees have contributed more than $25 million in grants and social investments. To learn more about The Standard Charitable Foundation, please visit www.standard.com/foundation.

About The Standard Charitable Foundation

The Standard Charitable Foundation is the charitable foundation of The Standard. Founded in 2006, the foundation's mission is to make a positive difference in communities by supporting community development, education, disability and health organizations. While the foundation has a broad goal of making a positive difference in communities, it places special emphasis on helping individuals and families who have experienced a loss or setback such as a major disability or the loss of a loved one. Since 2007, The Standard, its employees and retirees and The Standard Charitable Foundation have contributed more than $25 million in grants and social investments.

About The Standard

The Standard is a leading provider of financial products and services, including group and individual disability insurance, group life and accidental death and dismemberment insurance, group dental and vision insurance, absence management services, retirement plans products and services and individual annuities. For more information about The Standard, visit www.standard.com.

The Standard is the marketing name for StanCorp Financial Group, Inc., and its subsidiaries: Standard Insurance Company, The Standard Life Insurance Company of New York, Standard Retirement Services, Inc., StanCorp Mortgage Investors, Inc., StanCorp Investment Advisers, Inc., StanCorp Real Estate, LLC, and StanCorp Equities, Inc.

Contact

Bob Speltz, Senior Director, Public Affairs
971.321.3162