SIOUX FALLS, SD--(Marketwired - September 01, 2016) - Sammons Financial Group has donated $150,000 to the Great Plains Education Foundation Inc., a South Dakota-based Scholarship Granting Organization (SGO), which provides private school scholarships to students K-12 who meet income and grade requirements.
"It is a privilege for us to play a role in the education of the children who are recipients of these scholarships," said Rob TeKolste, CLU, LLIF, Sammons Financial Group's President of Shared Services. "These kids are our future, and these scholarships give many families the opportunity to choose the school that best fits their needs."
Great Plains Education Foundation Inc. is officially registered with the Division of Insurance as an SGO. This allows them to solicit and accept educational contributions from insurance companies licensed to operate in South Dakota. The program provides tax credits to insurance companies who donate to an SGO, which then provides private school scholarships to students K-12. South Dakota is the 17th state to offer a tax credit scholarship program.
"We are so grateful for the generosity of Sammons Financial Group," said Robert Wehde, President of Sioux Falls Catholic Schools. "These scholarships give parents the freedom to select the school of their choice, which makes both students and parents more engaged in their education." Phyllis M. Heineman, member of the South Dakota Senate, adds, "Thanks to Sammons Financial Group, there are 200 students from families across the State who are going to have significant help attending the school of their choice. This is a great beginning!"
About Sammons Financial Group
Sammons® Financial Group, Inc. (SFG), an SEI wholly-owned subsidiary, is the parent of a group of member companies under the insurance Holding Company Act made up of several successful financial services companies offering a variety of financial and retirement products through multiple distribution channels. These consist of retirement products, annuities, variable annuities1, variable life insurance1, and life insurance (including bank, corporate, and credit union-owned life insurance). The member companies of SFG include North American Company for Life and Health Insurance®, Midland National® Life Insurance Company, including its divisions, Sammons Annuity Group℠ and Sammons® Corporate Markets Group, Sammons Retirement Solutions® Inc., and Sammons Financial Network® LLC. For more information, please visit www.sammonsfinancialgroup.com.
1 Variable products distributed by Sammons Financial Network® LLC, member FINRA