UPCIC contributes $2.5 million to Florida Tax Credit Scholarship program
By ASHLEY ZARLE
FORT LAUDERDALE, Fla.– Step Up For Students announced Nov. 5 a $2.5 million contribution to the Florida Tax Credit Scholarship Program from Universal Property & Casualty Insurance Company (UPCIC), a wholly owned subsidiary of Universal Insurance Holdings, Inc.
UPCIC’s contribution funds 359 scholarships for deserving K-through-12 Florida schoolchildren for the 2019-20 school year. The scholarships give lower-income children the opportunity to attend a private or out-of-district school that best meets their learning needs.
“Universal is committed to giving back and empowering the communities that it serves to accelerate community opportunities and build the foundation for the next generation of business leaders,” said Steve Donaghy, chief executive officer for Universal.
UPCIC celebrated this incredible donation at Saint Helen Catholic School in Fort Lauderdale, Florida, where nearly 75% of the students use the Florida Tax Credit Scholarship, managed by Step Up For Students. Dan Marino, UPCIC spokesperson, National Football League hall of famer and former Miami Dolphins quarterback, made a special appearance and spoke to the schoolchildren about the importance of education.
“We are honored to have UPCIC as a partner in our mission to help lower-income 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 UPCIC are transforming the lives of deserving schoolchildren in our community.”
Since 2017, UPCIC has generously funded 1,260 scholarships through contributions totaling $8.5 million to Step Up For Students, a nonprofit organization that helps manage the income-based Florida Tax Credit Scholarship Program. The program is funded by corporations with tax-credited donations. Step Up is serving more than 100,400 students for the 2019-20 school year. More than 1,800 private schools participate in the scholarship program statewide.