SFAA Foundation

SFAA Foundation – increasing diversity within the surety and fidelity industry

The SFAA Foundation, a 501(c)(3) organization, was created to increase diversity within the surety and fidelity industry. SFAA, along with its member companies, recognizes the value of diversity in the workplace. Having a diverse workforce with unique experiences and viewpoints has proven to increase creativity, productivity and ultimately the company’s revenue.

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The Foundation’s Purpose

To assist in serving the educational and developmental needs of those individuals interested in pursuing surety and fidelity bonding as a career, or those who are seeking to enhance their capabilities while engaged in such careers.
To foster and promote the surety and fidelity industries as viable career choice and to recognize those companies in the industry who have made significant contributions to the furtherance of this objective.

Mission Statement

The SFAA Foundation is a charitable organization focused on increasing diversity within the surety and fidelity industry. Recognizing the value of diverse ideas and backgrounds, the member companies of The Surety & Fidelity Association of America (SFAA) created the SFAA Foundation, a non-profit 501(c)(3), to fund and administer the Surety and Fidelity Industry Intern and Scholarship Program for underrepresented college students, as well as develop and implement other diversity-driven educational and public service programs.

Surety & Fidelity Intern and Scholarship Program

The Surety and Fidelity Intern & Scholarship Program was created to encourage diverse college students to consider the surety and fidelity industry as a career of choice. The program gives underrepresented* college students the opportunity to work with industry experts through paid, professional internships with our member organizations. Upon completion of an internship, students are eligible to apply for an academic scholarship.

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Donate to the SFAA Foundation

SFAA Foundation’s activities are supported through contributions from four primary sources – surety and fidelity industry companies (both underwriters and agents/brokers), other companies and organizations outside the industry, individuals, and local surety associations. You too can help by making a tax-deductible donation the SFAA Foundation. Donations like yours support Surety and Fidelity Intern & Scholarship Program, which provides financial assistance and internship opportunities to underrepresented students who might consider careers in surety and fidelity bonding.

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Contractor Bonding Education and Mentoring Program

The Contractor Bonding Education and Mentoring Program, formerly known as the Model Contractor Development Program, helps new and minority contractors learn how to become bonded and provides additional coaching through a mentoring program with SFAA and NASBP.

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Board of Trustees

Larry Taylor

SFAA Foundation President and President, Merchants Bonding Company Group

Tony Albanese

SFAA Foundation Trustee and Head of Surety, Nationwide

Ken Chapman

SFAA Foundation Trustee and Executive Vice President - Surety, IAT Insurance Group

Lee Covington

SFAA Foundation Secretary-Treasurer and President & CEO, The Surety and Fidelity Association of America (SFAA)

Chris Sivak

SFAA Foundation Trustee and Managing Director, The Hartford

Catherine Dooley

SFAA Foundation Trustee and Vice President, Senior Talent Advisor, Liberty Mutual Surety

Tracy Hagen

SFAA Foundation Trustee and Director, HR Business Partner, CNA Surety

Ohi Omoruan

SFAA Foundation Trustee and Vice President - Surety Plus, Liberty Mutual Surety

Bob Raney

SFAA Foundation Trustee and Senior Vice President - Bond, Construction Services, Travelers Bond & Specialty Insurance

Surety Protects

Learn how surety
bonds protect taxpayers,
save time,
reduce costs and
keep projects on track.

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U.S. Senate Unanimously Supports Surety Bonds and the Protections and Economic Value They Provide to Our Nation’s Critical Infrastructure Development

See Senators Capito, Carper and Van Hollen speak on the Senate floor about the importance of surety.

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The Surety & Fidelity Association of America Foundation Awards 15 Students With $5,000 Scholarship

SFAA Foundation announces 15 students selected as recipients of a $5,000 scholarship as part of the Surety and Fidelity Intern and Scholarship Program for 2022.

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News & Events

SFAA, NASBP and a Coalition of Partners Strongly Support Bill Providing Essential Protections on WIFIA Financed Projects

September 27, 2023

The Surety & Fidelity Association of America (SFAA), National Association of Surety Bond Producers (NASBP), and a coalition of industry partners commend Senator Mark Kelly (D-AZ) and Senator Kevin Cramer (R-ND) for the introduction of S.2928

SFAA Annual Meeting Highlights 2022 Accomplishments and Initiatives; Membership Elects Board

June 7, 2023

The Surety & Fidelity Association of America (SFAA), a nonprofit, nonpartisan trade association representing all segments of the surety and fidelity industry, held its annual meeting last week in Washington, D.C. with more than 185 members and guests attending.

SFAA and NASBP Host Successful Legislative “Fly-In”

April 3, 2023

The Surety & Fidelity Association of America (SFAA) and the National Association of Surety Bond Producers (NASBP) hosted a Legislative Fly-In on March 30, 2023. The Fly-In enabled surety professionals from across the country to educate members of Congress and staff about the value of construction surety bonds and advocate for their legislative priorities.

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