2010 Diversity Annual Report
Embraced: Aetna commits $1.5 million to build opportunities for Philadelphia’s Latinos
In Philadelphia’s Hunting Park neighborhood, Aetna’s business goals and its enduring commitment to diversity are converging to give Latino families new options for education, training and home ownership.
Esperanza, Philadelphia, PA
“Aetna deeply values the relationship we have built with Esperanza in Philadelphia... and we’re looking forward to helping Esperanza create more homes, more jobs and more hope for a community that sorely needs it.”
Patrick Young, President of Aetna’s Pennsylvania and Delaware Markets
In April 2010, the company announced that it would contribute $1.5 million over the next six years to support community development efforts by Esperanza, the nation’s largest Hispanic faith-based development corporation, which also is an Aetna customer. The funds will be used to expand Esperanza’s services under the Pennsylvania’s Department of Community and Economic Development.
Esperanza’s work in Hunting Park includes helping residents with home rentals and purchases, assisting with commercial development that will create local jobs, and creating educational, training and referral services to better equip people to succeed in these jobs.
Rev. Luis Cortés Jr. and the Hispanic Clergy of Philadelphia founded Esperanza in 1987 to respond to challenges in the Hispanic community. Aetna’s financial commitment expands on an existing relationship: earlier the company supported “Tu Eres La Respuesta” (“You Are the Answer”), an HIV/AIDS awareness program, as well as the National Hispanic Prayer Breakfast and Conference.