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Radian Exceeds Fundraising Goal for MBA Opens Doors Foundation with Record-Breaking Campaign

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Radian Group Inc. (NYSE: RDN) has announced record-breaking results for its annual 'Opens Doors Opens Hearts' fundraising campaign, raising nearly $475,000 for the MBA Opens Doors Foundation. The campaign received over $158,000 in donations, exceeding its $100,000 goal, with Radian matching two dollars for every dollar raised. The funds will support the Foundation's Home Grant Program, which provides up to $2,000 monthly in mortgage and rental assistance to families with critically ill or injured children. Since 2011, the Foundation has provided over $25 million in assistance through nearly 17,000 grants.

Radian Group Inc. (NYSE: RDN) ha annunciato risultati record per la sua campagna annuale di raccolta fondi 'Opens Doors Opens Hearts', con quasi $475,000 raccolti per la MBA Opens Doors Foundation. La campagna ha ricevuto oltre $158,000 in donazioni, superando il suo obiettivo di $100,000, con Radian che ha raddoppiato due dollari per ogni dollaro raccolto. I fondi supporteranno il Programma Home Grant della Fondazione, che offre fino a $2,000 mensili in assistenza per mutui e affitti a famiglie con bambini gravemente malati o feriti. Dal 2011, la Fondazione ha fornito oltre $25 milioni in assistenza attraverso quasi 17.000 sovvenzioni.

Radian Group Inc. (NYSE: RDN) ha anunciado resultados récord para su campaña anual de recaudación de fondos 'Opens Doors Opens Hearts', recaudando casi $475,000 para la MBA Opens Doors Foundation. La campaña recibió más de $158,000 en donaciones, superando su objetivo de $100,000, con Radian igualando dos dólares por cada dólar recaudado. Los fondos apoyarán el Programa Home Grant de la Fundación, que proporciona hasta $2,000 al mes en asistencia de hipoteca y alquiler a familias con niños gravemente enfermos o heridos. Desde 2011, la Fundación ha proporcionado más de $25 millones en asistencia a través de casi 17,000 subvenciones.

Radian Group Inc. (NYSE: RDN)는 연례 기부 캠페인 'Opens Doors Opens Hearts'에서 역대 최고의 결과를 발표하며, MBA Opens Doors Foundation을 위해 거의 $475,000을 모금했습니다. 이 캠페인은 $100,000의 목표를 초과하여 $158,000 이상의 기부금을 받았으며, Radian은 모금된 1달러마다 2달러를 매칭했습니다. 이 자금은 중증 질환 또는 부상을 입은 자녀를 둔 가족에게 월 최대 $2,000의 주택 및 임대 지원을 제공하는 재단의 홈 그랜트 프로그램을 지원합니다. 2011년 이후 재단은 거의 17,000개의 보조금을 통해 $25백만 이상의 지원을 제공했습니다.

Radian Group Inc. (NYSE: RDN) a annoncé des résultats record pour sa campagne de collecte de fonds annuelle 'Opens Doors Opens Hearts', ayant récolté près de $475,000 pour la MBA Opens Doors Foundation. La campagne a reçu plus de $158,000 en dons, dépassant son objectif de $100,000, Radian s'engageant à doubler chaque dollar recueilli. Les fonds soutiendront le programme Home Grant de la Fondation, qui offre jusqu'à $2,000 par mois en aide pour les prêts hypothécaires et les loyers aux familles ayant des enfants gravement malades ou blessés. Depuis 2011, la Fondation a fourni plus de $25 millions en assistance à travers près de 17,000 subventions.

Radian Group Inc. (NYSE: RDN) hat rekordverdächtige Ergebnisse für seine jährliche Fundraising-Kampagne 'Opens Doors Opens Hearts' angekündigt und fast $475,000 für die MBA Opens Doors Foundation gesammelt. Die Kampagne erzielte über $158,000 an Spenden, die ihr Ziel von $100,000 übertrafen, wobei Radian zwei Dollar für jeden gespendeten Dollar beisteuerte. Die Mittel werden das Home Grant Programm der Stiftung unterstützen, welches bis zu $2,000 monatlich an Hypotheken- und Miethilfe für Familien mit schwer kranken oder verletzten Kindern bereitstellt. Seit 2011 hat die Stiftung über $25 Millionen an Hilfe durch fast 17.000 Zuschüsse bereitgestellt.

Positive
  • Record-breaking fundraising achievement of $475,000
  • Campaign exceeded target goal by 58%, raising $158,000 vs $100,000 goal
  • Company has committed over $2 million in total support for the Foundation
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Insights

The $475,000 fundraising achievement, while commendable from a corporate social responsibility perspective, has minimal direct financial impact on Radian Group's bottom line or stock value. With a market cap of $4.8 billion, this charitable initiative represents just 0.01% of the company's value. However, the consistent growth of their "Opens Doors Opens Hearts" campaign and $2 million total commitment to the MBA Opens Doors Foundation demonstrates strong corporate governance and stakeholder relationships, particularly within the mortgage industry. These initiatives can positively influence client retention and brand reputation in the mortgage insurance sector, though the financial impact remains negligible for investors.

WAYNE, Pa.--(BUSINESS WIRE)-- Radian Group Inc. (NYSE: RDN) today announced that its annual “Opens Doors Opens Hearts” fundraising campaign achieved an all-time record of nearly $475,000 to benefit the MBA Opens Doors Foundation, which provides mortgage and rental assistance to families caring for a critically ill or injured child.

This year, the company’s seventh annual “Opens Doors Opens Hearts” campaign received more than $158,000 in donations, significantly exceeding its $100,000 goal. With Radian’s pledge to contribute two dollars for every dollar raised, the total impact of the campaign soared to nearly $475,000.

“We are amazed by the results of this year’s campaign benefiting the MBA Opens Doors Foundation,” said Radian Chief Executive Officer Rick Thornberry. “This record-breaking fundraising year reflects the tremendous support and generosity of the Radian community, including our vendors, customers, and team. Our collective efforts will provide important relief for families when they need it the most.”

The MBA Opens Doors Foundation, through its Home Grant Program, provides relief in a time of personal crisis. The Home Grant Program has become a critical part of a family's support structure, especially when a parent or guardian must take unpaid leave to be with a child. Grants of up to $2,000 are made monthly to families in need of mortgage or rental payment assistance. The Foundation has provided more than $25 million in mortgage and rental payment assistance through nearly 17,000 grants to families since its inception in 2011.

“We are immensely grateful for Radian’s continued support of the Foundation’s mission,” said Deborah Dubois, President of the MBA Opens Doors Foundation. “This year’s campaign will help hundreds of families who are facing the threat of losing their homes while their child is in treatment.”

Radian first launched its annual fundraising campaign for the MBA Opens Doors Foundation in 2018. The “Opens Doors Opens Hearts” fundraiser has grown year-over-year, with the 2024 campaign surpassing the results of the previous two years combined. Through its fundraising efforts and charitable contributions, Radian has committed more than $2 million in support for the Foundation.

Radian’s Corporate Citizenship Program

Radian’s Corporate Citizenship Program was developed to encourage and support the generosity and community involvement of its employees. Since its inception, the program—through both company and employee contributions—has provided significant financial support to charities across the country.

Radian’s commitment to charitable work is a component of its broader Corporate Responsibility Program, which focuses on supporting the company’s commitment to environmental, health and safety, corporate social responsibility, corporate governance, equity, sustainability and other public policy matters relevant to the company and its operations. This program aligns with Radian’s company-wide commitment to continue to be a responsible corporate citizen with a positive impact in the community.

About Radian

The Radian family of companies is helping to achieve the American dream of homeownership responsibly and sustainably through products and services that include industry-leading mortgage insurance and a comprehensive suite of mortgage, risk, real estate, and title services. Powered by technology, informed by data and driven to deliver new and better ways to transact and manage risk, Radian is shaping the future of mortgage and real estate services. Learn more about the Radian family of companies at radian.com.

For Investors:

Dan Kobell - Phone: 215.231.1113

email: daniel.kobell@radian.com

For the Media:

Rashi Iyer - Phone 215.231.1167

email: rashi.iyer@radian.com

Source: Radian Group Inc.

FAQ

How much did Radian Group (RDN) raise in its 2024 Opens Doors Opens Hearts campaign?

Radian Group raised nearly $475,000 in total, with $158,000 in direct donations and the company's 2:1 matching contribution.

What is the matching contribution ratio for Radian's (RDN) 2024 fundraising campaign?

Radian Group pledged to contribute two dollars for every dollar raised in donations.

How many grants has the MBA Opens Doors Foundation provided since 2011?

The Foundation has provided nearly 17,000 grants, totaling over $25 million in mortgage and rental payment assistance.

When did Radian Group (RDN) start its annual fundraising campaign for MBA Opens Doors Foundation?

Radian launched its annual fundraising campaign for the MBA Opens Doors Foundation in 2018.

Radian Group Inc.

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