USAA, a national insurance and financial services company focused on active military, veterans, and their families, has announced its final commitment of $20 million to advance diversity, equity, and inclusion.

As part of the company’s three-year, $50 million commitment made in late 2020, the grants to nearly 50 nonprofit organizations are focused on amplifying the collaborative need to build diverse talent pipelines through education and employment programs. Organizations fell into three categories: education-focused nonprofits, which will support 5,000 internships or fellowship opportunities for underrepresented student populations and veterans; employment-focused nonprofits, which will support more than 1,500 military/veteran and spouse career readiness mentors by December 2023; and entrepreneurship-focused nonprofits, which will support 110,000 one-on-one financial counseling or coaching sessions for veterans and others. According to USAA, the initial two years of the initiative have positively impacted more than 400,000 lives, and the third year will be tracked to assess further impacts on communities.

“Over the past three years, we’ve had the opportunity to support nearly 70 nonprofit organizations in local communities and nationally,” said USAA chief communications and corporate responsibility officer Lindsey O’Neill. “Each of these nonprofits is doing incredible work by providing underserved individuals opportunities to achieve educational and employment success to help build solid financial futures.”

(Photo credit: Getty Images/SDI Productions)