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New York Life Foundation Increases Giving to Nonprofits in 2013

Third Consecutive Year of Increased Giving; Childhood Bereavement Issues Brought to National Stage

NEW YORK, N.Y., January 9, 2013 — The New York Life Foundation announced today an increase in its 2013 charitable giving budget to $14.5 million, a seven percent increase over last year’s budget of $13.5 million. The increase will support programs in the Foundation’s focus of “Nurturing the Children,” particularly in the areas of educational enhancement and childhood bereavement. This is the third consecutive year the Foundation’s budget has increased.

“I am pleased that the Foundation is increasing our giving again in 2013. We are honored to provide more financial resources to deserving nonprofits who do yeoman’s work on behalf of children needing educational enhancement and resources and support around grief,” said Chris Park, president of the New York Life Foundation. “The recent tragedy in Newtown, Connecticut, brings even more attention to the need for children’s bereavement services and intensifies our commitment to this issue.”

Since 2008, when the Foundation expanded its focus to include childhood bereavement, New York Life has been leading efforts to broaden the national discussion on this topic. Not only has the Foundation provided more than $10 million to nonprofits that provide bereavement support, it has spearheaded groundbreaking research on the effects of the loss of a loved one. In 2011, the Foundation sponsored a survey of parents who lost a spouse or partner, and in 2012, two additional surveys were conducted: one survey of 500 bereaved children — the first survey of its kind — and the second, a survey of teachers that focused on the need for in-school support of bereaved children. In order to provide the resources needed as identified by the surveys, the Foundation has created a bereavement guide and a Web site, www.achildingrief.com, that offers articles and resources for families and educators to help a child cope with the death of a loved one.

“The availability of resources has better prepared parents and educators when confronted with this all-too-common occurrence. In fact, it is estimated that one in seven Americans experience the death of a parent or sibling before the age of 20. In the past, children who have lost a loved one often suffered in silence with little support around them; now that is increasingly not the case. In fact, we were pleased to learn that our bereavement guides made their way to Connecticut and are helpful in what will be a long-term community healing process,” added Ms. Park. “As a society, we need to get better at reassuring grieving kids that though the grief journey is tough, they are not alone and there is every reason to look forward to a happy and fulfilling life. The research, the availability of resources and our funding all ensure we are making strides to achieve this goal.”

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.newyorklifefoundation.org.