Assurant donates $8 million to support Step Up’s income-based scholarship program
Step Up For Students announced that Assurant, a leading global provider of lifestyle and housing solutions that support, protect and connect major consumer purchases, has donated $8 million through the Florida Tax Credit Scholarship Program to Step Up, helping Florida schoolchildren attend the K-12 school that best fits their learning needs.
This is the first year that Assurant has partnered with Step Up and the donation will fund more than 1,132 K-12 scholarships for lower-income children in Florida.
“At Assurant, our core values of common sense, common decency, uncommon thinking, and uncommon results inspire our commitment to be a responsible corporate citizen,” said Alan Colberg, Assurant President and CEO. “We are proud to partner with Step Up For Students and help lower-income Florida families access the education options they deserve.”
Step Up is a nonprofit organization that helps manage the income-based Florida Tax Credit Scholarship Program. The program is funded by corporations with tax-credited donations and allows parents and students to choose between a K-12 scholarship to support private school tuition and fees, or one that assists with transportation costs to out-of-county public schools.
“We all know a great education is key to helping our kids find success and dream for the future,” said Florida House Speaker Chris Sprowls. “That is why programs like the Florida Tax Credit Scholarship Program are crucial for our state, and I applaud Assurant for their investment in educational choice options for our state’s underprivileged schoolchildren.”
During the 2020-21 schoolyear, nearly 100,000 K-12 students throughout Florida are benefiting from a Florida Tax Credit Scholarship managed by Step Up For Students.
“I am happy to see Assurant participate in assuring all students can get a great education regardless of zip code,” said Senator Manny Diaz. “I am proud to see this Miami-Dade employer become a partner in this program for the future of the community.”
About 57% of scholarship children are from single-parent households and nearly 68% are black or Hispanic. The average household income of families accepted to receive scholarships is $25,755 – a mere 9% above poverty. More than 1,800 schools currently participate in the program.
“We are honored to have Assurant as a partner in our mission to help deserving Florida families access schools that best fit their children’s unique learning needs,” said Doug Tuthill, Step Up For Students president. “Through their support of the Florida Tax Credit Scholarship Program, which is producing measurable results, companies like Assurant are transforming the lives of schoolchildren in our community.”