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April 13, 2026

At an uncertain time for corporate giving, Liberty Mutual launches $600M endowment

By JAMES POLLARD
Associated Press

NEW YORK — Corporate foundations' philanthropic commitments were called into question this past year as tariff-driven uncertainty, rising costs and tax law changes prompted many companies to reconsider their charitable strategies.

Nonprofits received a reassuring answer last week, however, from the century-old, Boston-based Liberty Mutual Insurance. The major insurer's nonprofit Liberty Mutual Foundation announced Wednesday the establishment of a $600 million endowment, a long-term source of funding that leaders promise will bring lasting resources and more responsive grantmaking.


 
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