© 2024 Arizent. All rights reserved.
Money Management Executive

Safeco to Raise $1 Million in Scholarships

July 28, 2003, 1:00 a.m. EDT 1 Min Read

Seattle-based Safeco, which has pledged to raise $1 million in scholarships for the University of Washington this year, recently raised $270,000 during a dinner held at Safeco field, where an All-Star baseball game was broadcast on a big screen. The Seattle Mariners mascot, the Moose, visited with guests, and the ground crew performed a choreographed dance. The fundraising dinner was held July 15.

Since Safeco began raising scholarship money for the university in 2001, the company has provided 199 scholarships. Safeco Chairman Mike McGavick, himself a graduate of the University of Washington, said his company has pledged to raise the scholarship money as a way of giving back to the community. "When a person of great potential receives an education, the benefits multiply," McGavick said. "The student’s success can inspire his or her family, classmates and friends. So when you help students of promise, you also help the community at large."

For reprint and licensing requests for this article, click here.
Money Management Executive
MORE FROM FINANCIAL PLANNING