Valic is a firm that provides investment management, administrative support, financial advisor, insurance, and commercial bank to nonprofit clients. They primarily provide their services regionally, with most clients in Florida, California, and Georgia (although they are present in other states as well).
Most Valic clients are hospitals, colleges, universities, and professional schools, outpatient health care practitioners and facilities, and elementary and secondary schools with revenues ranging from $18 million to $713 million.
| Name | Type | Location | |||
|---|---|---|---|---|---|
| 1 | Mayo Clinic | 501(c)(3) | Rochester, MN | ||
| 2 | Duke University | 501(c)(3) | Durham, NC | ||
| 3 | The Nemours Foundation | 501(c)(3) | Jacksonville, FL | ||
| 4 | Howard University | 501(c)(3) | Washington, DC | ||
| 5 | Hawken School | 501(c)(3) | Gates Mills, OH | ||
| 6 | Samaritan Healthcare and Hospice | 501(c)(3) | Mount Laurel, NJ | ||
| 7 | Emerson College | 501(c)(3) | Boston, MA | ||
| 8 | Coram Deo Academy (CDA) | 501(c)(3) | Lewisville, TX | ||
| 9 | The Lambs Farm | 501(c)(3) | Libertyville, IL | ||
| 10 | University of Miami (UM) | 501(c)(3) | Coral Gables, FL | ||
| ... | and 86 more Valic not-for-profit tax-exempt clients identified by Cause IQ | ||||
Competitors to Valic in the nonprofit sector include Great West Life and Annuity Company, Ubs Financial Services Inc, Principal Financial Group, Empower Annuity Insurance Company, Massachusetts Mutual Life Insurance Co., Brighthouse Life Insurance Company, Morgan Stanley Smith Barney LLC, Ascensus, Variable Annuity Life Insurance Co., and Vanguard Group, Inc..
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