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11/04/2024

Radian Exceeds Fundraising Goal for MBA Opens Doors Foundation with Record-Breaking Campaign

WAYNE, Pa.--(BUSINESS WIRE)--Nov. 4, 2024-- Radian Group Inc. (NYSE: RDN) today announced that its annual “Opens Doors Opens Hearts” fundraising campaign achieved an all-time record of nearly $475,000 to benefit the MBA Opens Doors Foundation, which provides mortgage and rental assistance to families caring for a critically ill or injured child.

This year, the company’s seventh annual “Opens Doors Opens Hearts” campaign received more than $158,000 in donations, significantly exceeding its $100,000 goal. With Radian’s pledge to contribute two dollars for every dollar raised, the total impact of the campaign soared to nearly $475,000.

“We are amazed by the results of this year’s campaign benefiting the MBA Opens Doors Foundation,” said Radian Chief Executive Officer Rick Thornberry. “This record-breaking fundraising year reflects the tremendous support and generosity of the Radian community, including our vendors, customers, and team. Our collective efforts will provide important relief for families when they need it the most.”

The MBA Opens Doors Foundation, through its Home Grant Program, provides relief in a time of personal crisis. The Home Grant Program has become a critical part of a family's support structure, especially when a parent or guardian must take unpaid leave to be with a child. Grants of up to $2,000 are made monthly to families in need of mortgage or rental payment assistance. The Foundation has provided more than $25 million in mortgage and rental payment assistance through nearly 17,000 grants to families since its inception in 2011.

“We are immensely grateful for Radian’s continued support of the Foundation’s mission,” said Deborah Dubois, President of the MBA Opens Doors Foundation. “This year’s campaign will help hundreds of families who are facing the threat of losing their homes while their child is in treatment.”

Radian first launched its annual fundraising campaign for the MBA Opens Doors Foundation in 2018. The “Opens Doors Opens Hearts” fundraiser has grown year-over-year, with the 2024 campaign surpassing the results of the previous two years combined. Through its fundraising efforts and charitable contributions, Radian has committed more than $2 million in support for the Foundation.

Radian’s Corporate Citizenship Program

Radian’s Corporate Citizenship Program was developed to encourage and support the generosity and community involvement of its employees. Since its inception, the program—through both company and employee contributions—has provided significant financial support to charities across the country.

Radian’s commitment to charitable work is a component of its broader Corporate Responsibility Program, which focuses on supporting the company’s commitment to environmental, health and safety, corporate social responsibility, corporate governance, equity, sustainability and other public policy matters relevant to the company and its operations. This program aligns with Radian’s company-wide commitment to continue to be a responsible corporate citizen with a positive impact in the community.

About Radian

The Radian family of companies is helping to achieve the American dream of homeownership responsibly and sustainably through products and services that include industry-leading mortgage insurance and a comprehensive suite of mortgage, risk, real estate, and title services. Powered by technology, informed by data and driven to deliver new and better ways to transact and manage risk, Radian is shaping the future of mortgage and real estate services. Learn more about the Radian family of companies at radian.com.

For Investors:
Dan Kobell - Phone: 215.231.1113
email: daniel.kobell@radian.com

For the Media:
Rashi Iyer - Phone 215.231.1167
email: rashi.iyer@radian.com

Source: Radian Group Inc.