OTHER SUPPORT PROGRAMS
To promote and
encourage individual giving, the Foundation matches gifts made by eligible New York Life
employees, agents and retirees to qualified elementary, secondary and higher educational
institutions. Last year, 463 educational institutions received over $420,000 through this program.
In recognition
of the ongoing involvement of New York Life employees, agents and retirees in
community-based nonprofit organizations, the Foundation makes grants to local grassroots
agencies with which they volunteer their time. LVAP provides a mechanism for outreach to
programs that otherwise would not be eligible for Foundation support. Grants are
unrestricted, for general operating purposes.
In recognition of team volunteer service that New York Life employees, agents and
retirees give on behalf of nonprofit charitable organizations, the Foundation makes grants to local grassroots
agencies with which they volunteer their time. Grants are aimed at recognizing short- and long-term projects such
as walk-a-thons, park beautification, soup kitchen programs and the like.
To encourage
leadership roles among New York Life employees, agents and retirees within their
communities and with organizations where they volunteer, the Foundation, as part of its Nurturing
the Children focus, annually awards grants of $5,000 each to up to 40 of the most compelling
children-related projects submitted by eligible individuals. An advisory committee of
employees, agents and retirees reviews the project applications and makes funding recommendations.
The Foundation offers two different scholarship opportunities to the children of
eligible employees and agents. National Merit Scholarships are awarded to exeptionally high achieving, high school
seniors who qualify as National Merit Finalists. Citizen's Scholarship Foundation of America Scholarships
are awarded to high school seniors resulting from evaluation of their academic achievements, school and community
activities, and financial need.
Grants to
United Ways represent the Foundation's principal support for local health and human
services agencies. The Foundation makes annual grants to local United Ways in cities where
New York Life offices are located. The Foundation does not support individual member
agencies of these United Ways, or endowment programs, capital and emergency campaigns
sponsored by member agencies, or by the United Way itself.
|