NEW YORK, N.Y., July 2, 2010 - New York Life Insurance Company held the company's second annual Global Month of Service in May and had over 4,500 employees and agents volunteer in their local communities where the company does business. Volunteers worked on 300 community projects in seven countries to champion the Supporting Youth Worldwide theme. Volunteers gave over 30,000 hours of service - the equivalent of 18 people working full-time for an entire year and the estimated value of this volunteer time is more than $650,000.*
New York Life designated May as its Global Month of Service to expand its long-standing tradition of giving back, providing New York Life employees, agents, family members, friends and policyholders an opportunity to make a global impact in local communities.
"As a life insurer, New York Life provides our customers and their families with financial security and peace of mind when they need it most. But our mission has never been limited to the scope of our business," said Ted Mathas, chairman, president and CEO of New York Life. "Since we opened our doors more than 165 years ago, the company has been there for the community - to lend a hand in times of need, and to help make it a better place for everyone. Global Month of Service further strengthens New York Life's ties in the cities and towns where we live and work. And I am proud that our agents, employees and retirees - as well as their families - demonstrated that humanity is very much a part of who we are by volunteering their time in projects aimed at improving the lives of young people."
"Our agents and employees throughout Asia and Latin America have shown, once again, that they are committed to giving back to their communities," said Dick Mucci, chairman and chief executive officer, New York Life International. "This year's Global Month of Service was a huge success in terms of numbers of projects and hours volunteered, but I'm particularly proud of the impact that our people had on those in need in all of our markets. The Global Month of Service program has become an important part of the year-long social responsibility efforts that are such an integral part of New York Life's international operations."
The theme for this worldwide community service initiative, Supporting Youth Worldwide, was the inspiration for the company's volunteers to support nonprofit community programs that aid youth. Highlights included:
United States: In 12 states, New York Life volunteers donated books for at-risk students; beautified schools and community centers; held financial literacy workshops; led educational field trips; organized and staffed community events for students and local communities; served as mentors with a variety of organizations; served as big buddies for Comfort Zone Camp, a bereavement camp for children; created activity kits for children in hospitals; and hosted a supplies drive for the Haiti victims.
In Austin, TX : Employees from New York Life Insurance Company’s Austin office recently participated in the company’s second annual Global Month of Service to champion the Supporting Youth Worldwide theme. Pictured are the volunteers who partnered with Keep Austin Beautiful, which provides hands-on education and leads volunteer activities that focus on cleaning, beautifying and protecting the local environment, including school playgrounds.
In Boston, MA: Employees and agents from New York Life Insurance Company’s Boston General Office recently participated in the company’s second Global Month of Service to champion the Supporting Youth Worldwide theme. Pictured are New York Life volunteers that supported their community partner, Weymouth Public Schools by cheering on students in the district who participated in Special Olympics Massachusetts. Additional Global Month of Service projects in Massachusetts include volunteering with the Friends of the Walpole Community Athletic Complex; assisting with a silent auction benefiting Boston Medical Center Corporation; participating in the Ronald McDonald Walk; and organizing a Playworks 5K and Spinal Muscular Atrophy walk.
In Tampa, Florida: Employees from New York Life Insurance Company’s AARP Operations in Tampa recently participated in the company’s second annual Global Month of Service to champion the Supporting Youth Worldwide theme. Pictured are New York Life volunteers who renovated A Brighter Community’s 2,500 square foot playground in Tampa. A Brighter Community is a non-profit, United Way supported, nationally accredited preschool and family support program.
In Washington, DC : Employees from New York Life Insurance Company’s Office of Governmental Affairs in Washington, D.C., along with local New York Life agents, recently participated in the company’s second annual Global Month of Service to champion the >Supporting Youth Worldwide theme. Pictured are New York Life volunteers who supported their community partner, Ronald McDonald House, by preparing dinner for 20 families staying at Ronald McDonald House, whose terminally ill children are being treated at nearby Children's Hospital National Medical Center.
In Westchester, NY: Employees from New York Life Insurance Company’s Westchester Campus in Sleepy Hollow along with local New York Life agents recently participated in the company’s second annual Global Month of Service to champion the Supporting Youth Worldwide theme. Pictured are volunteers who created theatrical children’s capes for the nonprofit Only Make Believe, which creates and performs interactive theatre productions for children in hospitals and care facilities.
Asia and Latin America: New York Life International volunteers in India, Taiwan, Thailand, Mexico, Korea, China and Hong Kong hosted book, school, and food drives as well as fund-raisers to support local child-related initiatives; hosted child-focused activity days; organized child-health fairs; participated in literacy projects; and engaged students in "green" projects to produce sustainable goods and food.
The second annual Global Month of Service built on the inaugural effort in 2009, when over 3,500 New York Life employees and agents volunteered in over 200 community projects.
New York Life Insurance Company, a Fortune 100 company founded in 1845, is the largest mutual life insurance company in the United States** and one of the largest life insurers in the world. New York Life has the highest possible financial strength ratings from all four of the major credit rating agencies. Headquartered in New York City, New York Life's family of companies offers life insurance, retirement income, investments and long-term care insurance. New York Life Investments***provides institutional asset management and retirement plan services. Other New York Life affiliates provide an array of securities products and services, as well as institutional and retail mutual funds. Please visit New York Life's Web site at www.newyorklife.com for more information.
*Independent Sector calculates the hourly value of volunteer time based on the average hourly wage for all non-management, non-agriculture workers as determined by the Bureau of Labor Statistics, with a 12 percent increase to estimate for fringe benefits.
**New York Life is the largest mutual life insurance company based on the Fortune 500, ranked within industries, Insurance: Life, Health (Mutual), Fortune magazine, May 4, 2010.
***New York Life Investments is a service mark used by New York Life Investment Management Holdings LLC and its subsidiary, New York Life Investment Management LLC.
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|New York Life Contributed Over 30,000 Volunteer Hours During Second Annual Global Month of Service|