Giving Back: Bremer Employees Donate More Than 140,000 Volunteer Hours in 2010
St. Paul, Minn. - December 7, 2010 - In 2010, Bremer employees volunteered more than 140,000 volunteer hours, according to the company’s sixth annual internal employee survey. In total, the company’s approximately 1,800 employees logged volunteer hours that were the equivalent of $3 million dollars, based on a formula from the Independent Sector, which values an hour of volunteer time at $20.85.
The volunteer contributions to Bremer communities in Minnesota, North Dakota and Wisconsin are in addition to the more than $25 million in direct financial donations that the bank and the Otto Bremer Foundation will make in 2010.
“Each year, Bremer employees continue to be committed to building healthy communities and making volunteerism an integral part of our organization and culture,” said Pat Donovan, president and chief executive officer for Bremer Financial Corporation. “As I travel about our bank communities, I am always amazed at the many great stories about Bremer employees’ volunteer commitments. These stories come from nonprofit leaders, community board members, colleagues and clients and reflect the dedication our employees have to Bremer Bank communities.”
Bremer Financial Corporation
Bremer Financial Corporation is a privately-held, $7.6 billion regional financial services company owned by its employees and the Otto Bremer Foundation (OBF). Founded in 1943 by Otto Bremer, the company is headquartered in St. Paul, Minnesota and provides a comprehensive range of banking, investment, trust and insurance services to its nearly 100 locations in Minnesota, North Dakota and Wisconsin. OBF uses its share of dividends to distribute charitable grants to Bremer Bank communities. In 2009, more than $25 million in charitable donations were given across the Bremer footprint and employees donated more than 160,000 volunteer hours to their communities. For more information, go to bremer.com.