The philanthropic arm of the National Association of Independent Life Brokerage Agencies (NAILBA) was established in 2002. The NAILBA Charitable Foundation encourages volunteerism and provides grants for charitable programs or projects in the communities of NAILBA's member agencies and corporate partners. Funds are awarded to organizations that serve to enhance the quality of life for those less fortunate, with a special emphasis on children.
The Foundation's primary fundraising event takes place at NAILBA's annual member conference. Attendees from Legal & General America, a charter member of the Foundation, take an active role in encouraging donations during the conference.
At the event held in November 2015, Legal & General America offered to match $50 donations until the total hit $28,000. The LGA promotion raised $43,000; LGA's matching funds brought the full amount to $71,000. Through the generous donations of NAILBA member agencies and carriers, the Foundation was able to award $275,000 to local charities and other nonprofit organizations in 2015.