Submitted by ING
Atlanta, GA - July 9, 2008 - The ING Foundation today announced it is contributing $1 million to the Greater Des Moines Community Foundation for the Embrace Iowa - 2008 Iowa Disaster Fund to support relief efforts in flood-stricken areas of Iowa. The ING Foundation is the charitable arm of the financial services company ING.
"The flooding has been devastating to the people in the Midwest," said Rhonda Mims, president of the ING Foundation. "ING has strong ties to the Des Moines community, and we have a responsibility to help empower the communities in which we have business operations and our employees live. This contribution will benefit Iowans who have experienced significant hardship and help them to recover, rebuild and strengthen the area."
In addition to the financial contribution, ING employees are encouraged to volunteer in support of local flood-relief efforts. Employees may use 40 hours a year with paid time off to volunteer.
ING has business operations in Des Moines, including life insurance and retirement services, employing over 1,200 people.
ING is a global financial institution of Dutch origin offering banking, investments, life insurance and retirement services to over 75 million private, corporate and institutional clients in more than 50 countries. With a diverse workforce of over 125,000 people, ING comprises a broad spectrum of prominent companies that increasingly serve their clients under the ING brand.
In the U.S., the ING (NYSE: ING) family of companies offer a comprehensive array of financial services to retail and institutional clients, which includes life insurance, retirement plans, mutual funds, managed accounts, alternative investments, direct banking, institutional investment management, annuities, employee benefits, financial planning, and reinsurance. ING holds top-tier rankings in key U.S. markets and serves over 14 million customers across the nation.
About the ING Foundation
The ING Foundation’s mission is to improve the quality of life in the communities where ING operates and its employees and customers live. Through charitable giving and employee volunteerism, the foundation focuses on sustainable programs in the areas of financial literacy, children’s education and diversity.
For more information, visit www.ing.com.
ING U.S. constitutes the U.S.-based retirement, investment management and life insurance operations of Netherlands-based ING Groep N.V. (NYSE: ING). In the U.S., the ING family of companies offers a comprehensive array of financial services to retail and institutional clients, including retirement plans, IRA rollovers and transfers, stable value, institutional investment management, mutual funds, alternative investments, life insurance, employee benefits, fixed and indexed annuities and financial planning. ING U.S. holds top-tier rankings in key U.S. markets and serves approximately 13 million customers across the nation. For more information, visit http://ing.us.
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