In 2022, Pinnacol Assurance supported Colorado through its compassionate care for injured workers, grantmaking, scholarships, volunteerism, sustainability efforts, and championing of diversity, equity and inclusion. We were honored to be recognized for the fourth consecutive year as one of Colorado’s 50 most community-minded companies with over $1.1 million in grants, donations and scholarships, and 876 hours spent volunteering in the communities where we live and work.
We invest locally. In 2022, we awarded $448,271 in grants to nonprofits that protect the health and safety of workers on the job, help injured Coloradans get back to work, and promote a robust business climate and a prepared workforce statewide. We place particular importance on supporting organizations that serve underrepresented groups.
Many of our local communities faced hardship in 2022. Driven to help, Pinnacol donated $2,200 to efforts that support Ukraine, and volunteers helped Project C.U.R.E. pack and ship medical supplies and equipment to those directly impacted by the ongoing conflict. Pinnacol also donated $5,000 to the Colorado Healing Fund after the Club Q shooting.
Meet Naarai, talented Pinnacol apprentice turned full-time business development rep. She shares with the U.S. Senate how her apprenticeship experience has impacted her life.
In 2022, we onboarded a sixth cohort of apprentices into our nationally recognized apprenticeship program. Built in partnership with CareerWise Colorado, Pinnacol’s program has received numerous awards for its ability to offer transformational opportunities to students while creating a pipeline of young trained talent. Its program is at the center of advocacy efforts by the U.S. Department of Labor’s Apprenticeship Building America program and JPMorgan Chase’s global skills readiness initiative to expand apprenticeship programs in Colorado and the nation.
Workplace injuries take an enormous toll on families — physically, emotionally and financially. We created the Pinnacol Foundation scholarship program to ensure that the children of workers who were seriously injured or killed on the job have the opportunity to pursue their education. In 2022, the Foundation’s 22nd anniversary year, we awarded $408,620 to 87 students — taking our total since the Foundation’s inception to $7 million in scholarships to nearly 700 students.
Through our annual employee giving program, Pinnacol team members donated a record-breaking $142,389 to Colorado nonprofits close to their hearts, from animal shelters to environmental stewardship and food pantries. Pinnacol matched their donations, making a total impact of $277,118 donated to local nonprofits in 2022.
Even working in a hybrid environment couldn’t stop us from caring for our community. Through our employee-led volunteer program, Pinnacol in Action, we began volunteering in person again with organizations including Florence Crittenton Services, JWill Pink Village, the VA Hospital, Alzheimer’s Association of Colorado and more. In total, we volunteered 876 hours in 2022.
With a continued commitment to fighting systemic racism and expanding opportunities for all, our DEI strategy showcases our board of directors’ commitment to equitable hiring and promotion practices. As members of Colorado Companies Uniting Against Racism, Colorado Inclusive Economy and Prosper Colorado, we publicly report our data on key hiring, promotion and supplier indicators.