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Independence Blue Cross recognized as regional corporate philanthropy leader

Region’s leading health insurer awarded for its community impact and charitable contributions

Philadelphia, PA – Independence Blue Cross was honored today by the Philadelphia Business Journal as a regional leader in corporate charitable giving and service.

At today’s 2012 Corporate Philanthropy Summit, Independence Blue Cross placed second in the Community Impact Award for extra-large companies. This capstone award recognizes companies with well-rounded giving programs that include generous cash gifts, volunteerism, and in-kind donations, which are donations of expertise, talents, and products. In 2010, the year for which the award is given, Independence Blue Cross contributed a total of $7.4 million in cash giving, $632,000 in in-kind donations, and 8,200 volunteer hours.

In addition, Independence Blue Cross was second on the Journal’s Corporate Charitable Contributions list, which ranks area companies by their monetary support to the local community.

During its fifth annual Corporate Philanthropy Summit today, the Philadelphia Business Journal recognized companies in four award categories by company size: cash donors, volunteerism, in-kind donations, and community impact. The awards were based on a survey completed by 81 area companies about its corporate giving in 2010, and were ranked by donations on a per employee basis.

The publication also listed the top corporate charitable contributors, which ranks the total 2010 local cash donations by each company. The Philadelphia Business Journal’s survey found that 81 local companies donated $62.7 million in direct cash donations and $166.7 million in in-kind gifts, and their employees volunteered 287,611 hours to local charities.