DEFINITY INSURANCE FOUNDATION

The Definity Insurance Foundation was the recipient of $100 million of the proceeds of the demutualization of the Economical Mutual Insurance Company. This is a charitable legacy that honours a century and a half of serving Canadians, as well as past and present policyholders and employees. In support of that legacy, the Economical Mutual Insurance Company has committed to donating to the foundation one percent of its net profit before tax for at least a period of five years following demutualization... The Definity Insurance Foundation is a Canadian registered charity, financed with $100 million of the proceeds of the demutualization of the Economical Mutual Insurance Company to represent past and present policyholders and employees. The Foundation has been entrusted with designing and supporting community initiatives that reduce the effects of social and economic inequality, increase the health and well-being of marginalized people, and slow the speed of climate change.

Registration numbers: 769238916 RR 0001 (W)

Primary location: Toronto