Globe Life, the top volume issuer of ordinary individual life insurance policies in the United States, announced Dec. 17 a $25,000 contribution to Step Up For Students Scholarship Program for the 2018-19 school year.
This is the first time that Globe Life has supported Step Up For Students. The company’s contribution will fund three K-12 scholarships so lower-income children can attend the school that best meets their learning needs.
“Since 1951, Globe Life has believed in giving back to the communities in which we live and work,” said Corey Jones, Senior Vice President of Digital Marketing and Branding for Globe Life. “We strive to create opportunities to be a source of good to those around us and we are proud to support Step Up For Students to provide education opportunities for children in our community.”
Step Up For Students 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 are honored to welcome Globe Life as a supporter of 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. “We are grateful for their generosity and their commitment to giving back to their community.”
For the 2018-19 school year, Step Up For Students is serving more than 98,500 students throughout Florida with tuition scholarships valued at up to $6,519 per student for kindergarten through fifth grade, $6,815 for sixth through eighth grade, and $7,111 for ninth through 12th grade. More than 1,800 private schools participate in the scholarship program statewide.
About Globe Life
Globe Life was founded in 1951 in Oklahoma City, Oklahoma and is a wholly owned subsidiary of Torchmark Corporation (NYSE: TMK), headquartered in McKinney, Texas. Globe Life is the top volume issuer of ordinary individual life insurance policies in the United States (as reported by S&P Global Market Intelligence for 2004-2013 and 2015-2017). Torchmark Corporation’s other insurance subsidiaries include American Income Life, Liberty National Life, United American, and Family Heritage Life.
Visit globelifeinsurance.com for more information.
About Step Up For Students
Step Up For Students is a nonprofit organization that helps administer the income-based Florida Tax Credit Scholarship Program. Students who qualify for the national free or reduced-price lunch, or those who are homeless or in foster or out-of-home care, may qualify. The scholarship program provides tuition assistance to the private school of their parents’ choice or financial assistance to offset the transportation cost to an out-of-district public school. Since 2001, Step Up has awarded more than 680,000 scholarships.
A first-of-its-kind study on the long-term effects of the scholarship program by The Urban Institute found that students who use the scholarship four or more years are up to 43 percent more likely to go to college and up to 29 percent more likely to earn an associate degree than their peers.
Step Up also helps administer the state-funded Gardiner Scholarship for Florida students with certain special needs, plus two new scholarships, the Hope Scholarship for public school students who are bullied and the Reading Scholarship Accounts for third- through fifth-grade students enrolled in public school who struggle with reading.
For more information, visit: StepUpForStudents.org.