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New York Life Foundation Awards $330,000 to Junior Achievement

Grant to Provide Hands-On Learning Initiatives for Economically Disadvantaged High School and Middle School Students Nationwide

NEW YORK, N.Y., December 20, 2011 — The New York Life Foundation today announced a two-year, $330,000 grant to Junior Achievement USA (JA). The grant supports the expansion of financial literacy and work readiness programs to 15 JA sites nationwide that serve approximately 4,000 Hispanic and/or economically disadvantaged middle- and high school students.

“Junior Achievement programs help students make the critical connections between what they learn in school and life after graduation, and as JA continues to work toward improving U.S. high school graduation rates, engaging key partners like the New York Life Foundation – who can help deliver JA experiences to our young people – is critical,” said Jack E. Kosakowski, president and chief executive officer of Junior Achievement USA.

“The New York Life Foundation is pleased to help a diverse population of students prepare for the challenges they may encounter in business and in life,” said Chris Park, president, New York Life Foundation. “It’s gratifying to know we helped Junior Achievement in their mission to inspire and prepare young people to succeed in a global economy.”

The 15 JA locations will use the grants to provide four programs: JA Economics for Success®, JA Finance Park®, JA Success Skills® and JA Personal Finance® to explore students’ career options based on their skills, interests and values, and will introduce them to personal financial planning. These challenging, interactive exercises help students develop personal strategies for lifelong learning pursuits, preparing them for the real world. In fact, 84 percent of JA alumni indicate that JA helped them bridge the gap between what they learned in school and how it can be applied in the real world.

The 15 JA locations are:

JA of Central Maryland
JA of Greater Cleveland
JA of Greater Miami
JA of New York
JA of Northern California
JA of Rochester, New York
JA-Rocky Mountain
JA of San Diego & the Imperial Counties
JA of South Florida
JA of South Texas
JA of Southeast Texas
JA of Southern California
JA of Southern Nevada
JA of Tri-Cities – Kennewick, Wash
JA of Utah

About Junior Achievement USA™

Junior Achievement is the world's largest organization dedicated to giving young people the knowledge and skills they need to own their economic success, plan for their future, and make smart academic and economic choices. JA programs are delivered by corporate and community volunteers, and provide relevant, hands-on experiences that give students from kindergarten through high school knowledge and skills in financial literacy, work readiness and entrepreneurship. Today, JA reaches four million students per year in more than 120 markets across the United States, with an additional six million students served by operations in 119 other countries worldwide. Visit www.ja.org for more information.

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 $140 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 safe places to learn and grow, educational enhancement opportunities 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.newyorklifefoundation.org.

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