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New York Life Foundation Grants $100,000 to the Actuarial Foundation to Disseminate Financial Literacy Curriculum

“Building Your Future” Curriculum Will Help Teens on a Path to Financially Healthy Lives

NEW YORK, N.Y., September 21, 2010 — The New York Life Foundation announced today a $100,000 grant to The Actuarial Foundation to support the promotion and dissemination of 10,000 individual sets of Building Your Future, a financial literacy curriculum, to high schools across the country. Each set includes six books and training guides. The program is designed to help students master the basics of personal finance and prepare them for life after they graduate from high school.

“We are grateful for the continued support from the New York Life Foundation,” said Eileen Streu, executive director of The Actuarial Foundation. “In these challenging economic times, it is more important than ever for teens to have the knowledge and skills they need to manage their money wisely and to prepare for life after high school.”

“Personal finance is a topic that deserves increased attention because helping teens with financial education will help prepare them better for their future,” said Chris Park, president, New York Life Foundation. “We are pleased that thousands of youth across the nation will be given the opportunity to master the basics of personal finance and learn critical money managing skills that will benefit them for the rest of their lives.”

Building Your Future includes:

  • Book One: Banking topics include savings accounts, checking accounts, credit cards, and taxes;
  • Book Two: Financing topics cover loans and interest, home loans, auto loans, and insurance; and
  • Book Three: Investing topics include bonds, stocks, mutual funds, risk and diversification, and inflation.

In 2008, the New York Life Foundation made a $40,000 grant to The Actuarial Foundation, which funded the initial launch of the books. So far, The Actuarial Foundation has sent 2,600 Building Your Future sets to high school teachers and these sets are currently in their third printing.

About The Actuarial Foundation
The Actuarial Foundation, a 501(c)(3) organization, was established in 1994 to help facilitate and broaden the actuarial profession's contribution to society. The Foundation explores innovative ways to apply actuarial skills in the public interest and brings together partnerships of individuals and organizations to address social problems in creative ways. The Actuarial Foundation's mission is to develop, fund and execute education programs that serve the public. To learn more about the books, please visit http://www.actuarialfoundation.org/programs/youth/getonthelist.shtml

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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 $130 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 mentoring, 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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New York Life Foundation Grants $100,000 to the Actuarial Foundation to Disseminate Financial Literacy Curriculum

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