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 $727 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 85 more Valic not-for-profit tax-exempt clients identified by Cause IQ | ||||
Competitors to Valic in the nonprofit sector include Minnesota Life Insurance Company, JP Morgan Chase, Ubs Financial Services, Inc., The Segal Company, Capfinancial Partners, LLC, Transamerica Retirement Solutions, Voya Retirement Insurance and Annuity Co., Merrill Lynch Pierce Fenner and Smith, Nationwide Life Insurance Company, and Massachusetts Mutual Life Ins Company.
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