Grants for Good.
One of the primary areas where we support others to do good is through our grant-making efforts. Our grants, made primarily through the New York Life Foundation, focus on supporting programs that nurture children, the community-based efforts that our agents and employees are involved in, as well as other programs that meet our grant guidelines.
Since the Foundation’s founding in 1979, we have provided almost $220 million in charitable contributions to national and local nonprofit organizations.
Grants are awarded to nonprofit organizations with tax-exempt status under Section 501(c)(3)of the IRS. Private foundations, individuals, and government agencies are not eligible to receive grants from the Foundation.
Our funding focus.
Aligned with our company’s purpose of keeping good going in the lives of families, the Foundation focuses on programs that benefit young people. Our funding is centered on two key issues: educational enhancement and childhood bereavement programs.
We support projects that help economically disadvantaged eighth-graders get to ninth grade on time. Studies show that kids who begin high school well-prepared are four times as likely to graduate and go on to college, so we are interested in helping these kids build a solid academic foundation during the critical after-school and summer hours.
In 2008, we expanded our focus to help children deal with the death of a loved one—be it a parent, sibling, or close loved one. One in twenty kids experiences the death of a parent by the time he or she is 16 years old.
The New York Life Foundation supports organizations that help grieving children and the surviving parents, guardians, and other caring adults who are in a position to console and nurture a child dealing with the loss of a loved one.
Along with providing important funding to these initiatives, we work with experts in the field to develop and disseminate resources for adults who interact with grieving children. Our website, www.AChildinGrief.com, provides parents, family members, educators, and other concerned adults with the tools they need to help a child cope with their loss.
Since 2007, we have committed over $25 million to support grieving children.
Community Impact Grants.
Community Impact Grants are competitively awarded to the nonprofit organizations in which New York Life’s agents and field managers are involved philanthropically and through volunteer efforts. Awards range from $5,000 to $25,000.