Gainbridge® donates $77,000 to extend Giveathon until May 19 with new fundraising goal of $770,000
DAYTONA BEACH, Fla. (May 16, 2024) – The second annual NASCAR Day Giveathon proved to be another success, so much so that the fundraising efforts have been extended until Sunday, May 19 at 10 p.m. ET, after the North Wilkesboro All-Star Race. This morning in a surprise announcement, Gainbridge®, a Group 1001 company, donated a matching gift of $77,000, resulting in the extension of the Giveathon to reach a new fundraising goal of $770,000 for qualifying charities.
The Giveathon, which ran for 37 hours on May 14 and 15, raised $482,864 from 2,822 donors from all 50 states, impacting nonprofits representing a wide variety of causes and initiatives in our racing communities and across the country.
The new fundraising goal was selected in conjunction with Gainbridge®, an official sponsor of Spire Motorsports’ Nos. 7 and 77 Chevrolets driven by Corey LaJoie and Carson Hocevar, as part of their Drive to $770,000 campaign. The campaign was designed to help the Giveathon reach $770,000 in donations by Sunday evening and support the many participating charities.
“This year’s NASCAR Day Giveathon showcased the power of our sport to help those who need it most,” said Nichole Krieger, Vice President and Executive Director of The NASCAR Foundation. “Sponsors like Gainbridge® have embraced the Giveathon and are going above-and-beyond in innovative ways to take our efforts to the next level. We are so grateful.”
The announcement comes just days before Gainbridge® will run NASCAR Day Giveathon paint schemes at North Wilkesboro Speedway® on the No. 2 Gainbridge® Chevrolet Silverado of Rev Racing driver Nick Sanchez in the NASCAR CRAFTSMAN Truck Series and Hocevar’s No. 77 Gainbridge Chevrolet Camaro during the All-Star Race.
Sanchez’s truck will feature donor names from the first 24 hours of the NASCAR Day Giveathon and Hocevar’s car will feature a listing of the participating Giveathon nonprofit organizations.
Additionally, although he’s not currently locked into the All-Star Race, Carson Hocevar could earn his spot in the field by winning the fan vote or racing his way in through the NASCAR All-Star Open. If he then goes on to win Sunday’s All-Star Race, Gainbridge® announced they will make another donation to the Giveathon’s efforts, this time contributing $770,000.
“Giving back to charity is a central part of our mission at Gainbridge® and that’s why we really wanted to rev this up a notch,” said Group 1001 Chief of Sponsorship and Activation, Mike Nichols. “We’re proud to team up with Spire Motorsports, Rev Racing and The NASCAR Foundation to drive towards $770,000 for the deserving charities. In addition, NASCAR® fans can rally behind Carson on Sunday because if he wins, all the charities win! We’ll make an additional $770,000 donation to the charities if Carson captures his first career NASCAR Cup Series win. Regardless, it feels like all the charities will be in Victory Lane after the race.”
NASCAR® fans can help complete the Drive to $770,000 by donating online at www.NASCARDayGiveathon.org from now until May 19 at 10 p.m. ET. Additional contributions from the Drive to $770,000 match will be shared with all qualified nonprofit organizations participating in the Giveathon.
About Gainbridge®
Gainbridge Insurance Agency, LLC (“Gainbridge”), a Group 1001 company, is an insurtech which strives to offer products that are simple, intuitive, and backed by smart technology with no complexity or hidden fees. Gainbridge® empowers consumers to take control of their financial future with solutions that are accessible to everyone no matter their budget or financial knowledge. Gainbridge’s digital-first distribution model underpins its mission to reach all communities, including those that have been historically underserved by the national financial system. Learn more at www.gainbridge.io.
About Group 1001
Group 1001 is a collective that empowers companies to create positive growth. Our insurance and annuities are easy to understand and accessible to all. Our online investing platform gives individuals control over their savings. Our technology and innovation help companies succeed. And our strategic partnerships bring people together through education and sports.
As of December 31, 2023, Group 1001 had combined assets under management of $62.6 billion. It comprises the following brands: Delaware Life, Gainbridge®, Clear Spring Health, Clear Spring Property and Casualty Group, Clear Spring Life and Annuity Company, and RVI Group.
About The NASCAR Foundation
The NASCAR Foundation is a leading charity that works to improve the lives of children who need it most in NASCAR® racing communities through the Speediatrics® Children’s Fund and the Betty Jane France Humanitarian Award. The NASCAR Foundation, designated as a 4-Star Charity by Charity Navigator® for its strong financial health and ongoing accountability and transparency, has contributed more than $46 Million to impact the lives of more than 1.7 million children across the country since 2006.
