USAA Making a $30 Million Dollar Donation to Miitary Affected by COVID - KRDO’s Afternoon News with Ted Robertson - August 20, 2020
$30 Million Military Family Relief Initiative Provides Continued Support for Military Families Impacted by COVID-19
While Labor Day traditionally provides a day off in recognition of the American worker, this year it is a reminder of the more than 30 million Americans out of work because of the COVID-19 health crisis. And as many families struggle to pay rent and utilities and put food on the table, military families have been hit especially hard with the unemployment rate for military spouses at nearly 30-percent and more than 23,000 guardsmen currently deployed stateside, which creates additional stressors. To provide direct assistance, including financial relief, USAA has committed $30 million to its Military Family Relief Initiative, the largest one-time philanthropic contribution in USAA’s nearly 100-year history. Two dozen military and general aid non-profit organizations will receive support, with nearly $20 million directed to military aid societies and organizations that support all five branches of the military through grants, interest-free loans, and other types of support. Another $10 million will be provided to organizations that offer career support; childcare and educational services for military children; and programs that support caregivers, families of the fallen, and wounded, ill, and injured military personnel.