State Farm Companies Foundation® Provides Support for Higher Learning and Volunteerism
State Farm Companies Foundation was established in 1963 as an independent private foundation funded by the State Farm Mutual Automobile Insurance Company and State Farm Life Insurance Company. The Foundation provides support for key initiatives and scholarships, as well as associate-directed programs, including grants supporting volunteerism and matching gifts to two- and four-year colleges and universities. These programs support the communities where State Farm associates live and work.
State Farm Companies Foundation does not provide scholarships directly to individuals. We provide funding to national, established scholarship programs such as National Merit Scholarship Corporation.
1.National Merit $2500 Scholarships: These are one-time, nonrenewable awards of $2,500 made to high school seniors who qualify as Finalists in the annual National Merit Scholarship Program. For more information, please visit http://www.nationalmerit.org/ or contact National Merit at 847-866-5100.
2.State Farm Companies Foundation Scholarship: One hundred scholarships, ranging from $3,000 to $8,000 per year up to four years of college undergraduate study, are awarded to academically talented legal dependents of eligible State Farm associates, agents and retirees every year. The amount of the award takes into account the college educational costs, family circumstances, and other scholarship aid the winner receives.
Matching Gift Program
The State Farm Companies Foundation Matching Gift Program encourages State Farm associates to support higher education. The Foundation matches limited individual charitable contributions made by eligible State Farm associates and retirees to qualifying colleges and universities.
Good Neighbor Grant® Program
Through the Good Neighbor Grant Program, the State Farm Companies Foundation awards a $500 grant on behalf of each eligible State Farm associate or retiree who volunteers a minimum of 40 hours a year to an eligible nonprofit organization.
The State Farm Companies Foundation and State Farm® value inclusiveness and diversity. Therefore, charitable funding is intended to advance access, equity, and inclusiveness while discouraging harmful discrimination based on age, political affiliation, race, national origin, ethnicity, gender, disability, sexual orientation or identity, or religious beliefs.
Through its various programs, the Foundation provides grants to other tax-exempt organizations. The Foundation expects these organizations and their leadership to comply with all laws, to follow high ethical standards, and to have strong internal controls. This includes:
- Mission statement outlining purpose and goals
- Compliance with established guidelines for its charitable purposes
- Business practices that monitor and enforce ethical standards of all persons associated with the organization
- Satisfy appropriate background checks when children are included in programs
- Good stewards of grant funds through internal controls and oversight
- Adequate safeguards to avoid conflicts of interest