Acceptance Insurance donates 40,000 backpacks filled with school supplies to students nationwide

Rhea-AI Summary

Acceptance Insurance (OTCQX: FACO) distributed 40,000 backpacks filled with school supplies to students ahead of the 2022-23 school year. Amid rising inflation and supply chain issues, families are facing increased back-to-school costs, estimated at $864 this year, a 24% increase from 2019. CEO Larry Willeford emphasized the company's commitment to supporting families and enhancing student success. The initiative involved community partnerships across 13 states, with donations ranging from basic supplies to educational electronics, showcasing Acceptance Insurance's community engagement efforts.

Positive

• Distributed 40,000 backpacks to students, enhancing community visibility.
• Partnerships with local school districts and non-profits demonstrate strong community engagement.
• Named to Forbes 2022 list of Best Employers, enhancing corporate reputation.

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• None.

NASHVILLE, Tenn., Aug. 9, 2022 /PRNewswire/ -- With the start of the new school year quickly approaching, Acceptance Insurance (OTCQX: FACO) gave away 40,000 backpacks filled with school supplies generously donated by customers, neighbors, and community partners across the country.

With the start of the 2022-23 school year approaching, this year's supply drive took place during a critical time for many students and families facing record high costs caused by recent inflation and supply chain interruptions. A major retail industry study estimated an average back-to-school shopping price tag of $864 this year, a 24% increase from just $697 in 2019.

"Putting people first means every child, regardless of where they live and learn, is set up for academic success," said Larry Willeford, President and CEO of Acceptance Insurance. "Acceptance is here to help families that are working even harder to stretch their resources. I'm grateful to everyone who donated to this year's school supply drive to help students in their communities start the year off right," Willeford said.

Donated supplies ranged from basic essentials, like pencils and notebooks, to wish list items, including educational electronics and new clothing. Acceptance team members invited families to attend drive-up and walk-up giveaway events across 13 states through partnerships with local school districts and education non-profits. Kemper Insurance co-sponsored supply drives in Florida, Texas, Arizona, Georgia, and Pennsylvania.

About Acceptance Insurance

Acceptance Insurance (OTCQX: FACO) is both an omnichannel insurance agency and insurance carrier operating in 13 states across more than 300 retail locations. Named to Forbes 2022 list of America's Best Employers, Best Employers for New Graduates, and Best Employers for Diversity, their team of 1300-plus focuses on developing long-term relationships with hard-working customers who prefer more flexible payment schedules and greater risk tolerance. Local community engagement, supported by robust digital messaging on owned and earned platforms, gives each agency a local feel and the resources of an institutional carrier.

To learn more about career opportunities at Acceptance Insurance, visit acceptanceinsurance.com/careers.

Media Contact:
Chris Song
chris@greenapplestrategy.com

View original content:https://www.prnewswire.com/news-releases/acceptance-insurance-donates-40-000-backpacks-filled-with-school-supplies-to-students-nationwide-301602952.html

SOURCE Acceptance Insurance

FAQ

What is the significance of Acceptance Insurance's backpack donation event on Aug. 9, 2022?

The event signifies Acceptance Insurance's commitment to community support, donating 40,000 backpacks to help students amid rising back-to-school costs.

What impact does inflation have on back-to-school shopping according to the press release?

The press release states that inflation has led to a 24% increase in average back-to-school shopping costs, now estimated at $864.

In which states did Acceptance Insurance distribute backpacks?

Acceptance Insurance distributed backpacks across 13 states, collaborating with local school districts and community organizations.

What type of supplies were included in the backpacks donated by Acceptance Insurance?

The backpacks contained basic school supplies as well as wish list items like educational electronics and clothing.

Who is the CEO of Acceptance Insurance and what did he say about the donation event?

The CEO of Acceptance Insurance is Larry Willeford, who emphasized the importance of supporting families and ensuring academic success for children.