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 a $5,000 academic scholarship.

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Review the Application

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

Resources & Programs

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our industry through these
helpful resources.

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Member Services

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exclusive materials.

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Advocacy & Policy

SFAA promotes the interests of
the surety and fidelity industry
and all of its stakeholders.

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News & Events

SFAA and NASBP Host Successful Legislative “Fly-In”

April 3, 2023

Garner Support for Surety Bonding Requirements on WIFIA and Broadband Infrastructure Projects April 3, 2023 (WASHINGTON,…

EY Report: Surety Bonding Provides Strong Economic Value and Strengthens Performance for Public and Private Construction Projects

November 17, 2022

A new study released today, The Economic Value of Surety Bonds, finds public and private construction projects protected by surety have lower rates of contractor default, lower cost of completion in the case of default, and are finished faster than non-bonded projects.

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

October 19, 2022

The Surety & Fidelity Association of America Foundation (SFAA Foundation) announced today the 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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