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New York Life Foundation Awards $200,000 to After-School All-Stars

Grant Supports Program Expansion to Atlanta, Los Angeles and the Bay Area

NEW YORK, N.Y., October 4, 2012 – The New York Life Foundation today announced a two-year, $200,000 grant to After-School All-Stars (ASAS), a national non-profit organization that provides comprehensive after-school programs. The grant will support the expansion of “We Are Ready,” an after-school program for disadvantaged middle school youth, and CampUs, a summer college readiness program in Atlanta, Los Angeles, and San Jose and Santa Clara Counties.

“We are grateful for the continued support from the New York Life Foundation, which enables us to work with eighth-grade students who are at risk of dropping out before they go down that path,” said President & CEO of ASAS Ben Paul. “Our high school readiness program has shown strong and promising results in both behavioral and academic outcomes for our students, giving them the tools to succeed in high school, college and beyond.”

“The New York Life Foundation is pleased to extend our partnership with ASAS, which began in 2010 and had terrific results,” said Chris Park, president of the New York Life Foundation. “Our two-year commitment will allow ASAS to help more than 1,400 students build brighter futures and fulfill their dreams.”

.We Are Ready is an after-school program that targets eighth-grade students at risk of school failure or dropping out. It provides academic support, health and fitness activities, and service learning and is designed to help students succeed academically and make the transition from junior high to high school.

ASAS also offers a summer component called CampUs® for rising 9th graders, which puts We Are Ready members on college campuses, allowing them to attend classes, explore majors, and stay in dorms. This introduction to college life helps them envision themselves as successful college students and demystifies the application process.

Nearly one third of all high school students do not graduate with their class, according to ASAS, and one student drops out of school every 26 seconds. So far, with a pilot group of more than 1,500 students in 100 schools, 99 percent of We Are Ready participants were promoted to 9th grade on time and 86 percent improved their daily school attendance and behavior evaluations.

About After-School All-Stars
Founded by Governor Arnold Schwarzenegger in 1992, After-School All-Stars is a leading national provider of year-round, school-based, comprehensive after-school programs that equip children with the skills and experiences needed to become productive members of the 21st century workforce. Every day, children participate in free programs that include academic support, enrichment opportunities, and health/fitness activities designed to keep children safe and help them succeed in school and in life. More than 82,000 children from families of poverty benefit in 13 U.S. areas. In recent years, ASAS has launched four new national program initiatives to address America’s high school dropout, obesity, economic and civic engagement crises. For more information, visit www.as-as.org.

About the New York Life Foundation
Inspired by New York Life’s tradition of service and humanity, the New York Life Foundation has, since its founding in 1979, provided more than $155 million in charitable contributions to national and local nonprofit organizations. Through its focus on “Nurturing the Children,” the Foundation supports programs that benefit young people, particularly in the areas of educational enhancement and childhood bereavement. The Foundation also encourages and facilitates the community involvement of employees, agents, and retirees of New York Life through its Volunteers for Life program. To learn more, please visit the Foundation’s Web site at www.newyorklife.com/foundation.