UnitedHealth Group plans to pay the college tuitions of George Floyd’s children as well as donate over $10 million to help rebuild Twin Cities neighborhoods damaged during almost a week of protests. Five million dollars and 25,000 hours of employee volunteer service will be allocated to helping small, minority-owned businesses recover.
In a statement on their website, the healthcare company said, “Following the tragic death of George Floyd, UnitedHealth Group on Monday announced a commitment to support Mr. Floyd’s family, help Minneapolis-St. Paul businesses restore operations, and fund efforts to advance equality and inclusivity in the Twin Cities community.” They are dedicating their resources to three primary initiatives:
Support for the Floyd family. UnitedHealth Group will establish and administer a dedicated Diverse Scholars trust fund to help support Floyd’s children’s education through undergraduate college or equivalent achievement. The company hopes this gesture will help the Floyd family honor the memory of their father while helping his children pursue their full academic potential.
Support for Twin Cities businesses. UnitedHealth Group also announced a $5 million donation and funding for 25,000 employee volunteer hours to help businesses in the cities of Minneapolis and St. Paul restore their operations after several days of civil unrest that left many businesses, including small and minority owned operations, destroyed.
Support for a diverse, inclusive community. Recognizing the need to address the larger societal issues at the root of Floyd’s death, UnitedHealth Group is donating an additional $5 million to the YMCA Equity Innovation Center of Excellence in memory of Floyd. The Innovation Center, a collaborative effort serving the Twin Cities and beyond, is dedicated to advancing equity, inclusivity and systemic change so that all people may thrive.
UnitedHealth headquartered in Minnetonka, located just outside Minneapolis, and employs nearly 20,000 people in Minnesota.