Liberty Mutual Foundation launches $600M endowment to secure long-term funding for its partner nonprofits

Boston-based Liberty Mutual Foundation has announced a $600 million endowment to secure its long-term support for nonprofits. The century-old foundation aims to expand its grantmaking beyond the current $50 million annual baseline, offering multi-year funding and flexible, rapid-response grants. Assets from Liberty Mutual business entities will fund the endowment, creating a permanent, self-sustaining resource to support housing stability, workforce development, and climate resiliency programs locally and nationally. The foundation describes the innovative endowment as a milestone in building lasting, strategic partnerships that ensure its partner-nonprofits have a reliable funding source amid economic uncertainty and sector disruption.