Charitable services, namely, providing grant and sponsorship funding for a variety of organizations, programs and initiatives focusing in the areas of education, academic and career development, community development, housing, small businesses, job training and creation, arts, arts education, diversity, multiculturalism, and low-income and underrepresented persons and communities; financial sponsorship of sports, recreational, cultural and entertainment events, and of entities and organizations in connection with the field of insurance and risk management; and financial administration of charitable programs