In recognition of team volunteer service that New York Life agents, employees and retirees give on behalf of nonprofit charitable organizations, the Foundation makes grants to local grassroots agencies with which they volunteer their time. Grants generally range from $500 to $2,500 and are aimed at recognizing short- and long-term projects, such as walk-a-thons, park beautification and soup kitchen programs.
During 2008, 70 TeamGrants were awarded totaling $166,500. Please click on the link to view a list of 2008 TeamGrants.
Application Procedure:
Applications are accepted online from February 1 to November 15 only. Agents, employees, and retirees of Life (and eligible subsidiaries) may review the Program's guidelines by clicking here TeamGrant Guidelines. If you determine that you are eligible to apply, the project Team Leader should click on the appropriate link below to initiate the application.
Volunteers for Life---Team - Grant FAQs
- Who can apply for a grant?
- How many volunteer hours are required?
- What organizations are eligible for this grant program?
- What organizations are ineligible?
- What is the grant amount?
- How do I apply?
- When can I apply?
- When are decisions made?
- How are applications reviewed? (What is the review process for applications?)
- Can I apply for more than one grant per year?
- Can I apply for the other volunteer grants offered by the New York Life Foundation?
- Who can assist me if I have technical difficulties with my application?
Teams must include at least five New York Life (and eligible subsidiaries) employees, retired employees and agents whose team leader, at the time of applying for a grant is:
- Full or part-time (20 hours or more weekly) employee with one or more years of continuous service;
- Retired employee;
- Agent who has been under contract with the Company for a minimum of the prior 12 months, is proactive, and a current Council member; or
- Lifetime Council Member.
How many volunteer hours are required?
The team must contribute a minimum of 40 service hours collectively.
What organizations are eligible for this grant program?
Any qualified nonprofit organization providing services in the United States which is open or available to all members of the community and which has tax-exempt status under Section 501(c)(3) and determined not to be a private foundation under Section 509(a) of the Internal Revenue Code. The organization must be: in existence for more than one year and governed by a Board of Directors.
What organizations are ineligible?
Non-qualifying organizations are sectarian or religiously-oriented organizations; political, fraternal, professional, veterans, or industry groups; government agencies; membership groups or clubs and their foundations; private and community foundations; school districts and their foundations; organizations primarily supported by taxes; advocacy groups; local United Ways; groups ineligible to receive grants under state or federal law; and those representing a conflict of interest for the applicant, the Foundation or the Company.
Grants range from $500 to $2,500.
The New York Life applicant must initiate the application and once the first part is complete, the nonprofit must complete the second part of the application within 30 days. Click on the link on the bottom of this page to apply.
The application process is open from February 1- November 15.
Applications are reviewed and processed on a quarterly basis. Grants are made in April, June, September and December.
How are applications reviewed? (What is the review process for applications?)
Applications must be completed by November 15 to be considered for that calendar year.
Applications are reviewed and grant amounts determined based on the project, the number of volunteers and the number of volunteer hours.
Can I apply for more than one organization per year?
No, you can only apply for one grant per year.
Can I apply for the other volunteer grants offered by the New York Life Foundation?
Yes, you can apply for all three volunteer grants in the same year and may receive all three.
Who can I contact if I have any questions about my application?
Contact the New York Life Foundation at (212) 576-7341, option #1, or E-mail us at nylfoundation@newyorklife.com.
For technical assistance including log-in issues and organization search problems, please click on “Need Support” on the application log-in page.
To start a new grant application:
The application period is from now until November 15.
New York Life Employee or Agent: Apply Now
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