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New York Life Foundation Awards Nearly $600,000 to the Partnership for After School Education to Enhance Summer Academic Programs for Thousands of Low-Income Youth

NEW YORK, NY — June 3, 2004 — The Partnership for After School Education (PASE) announced today that the New York Life Foundation has awarded it a three–year grant of $586,850. The funding will expand PASE's Summer Learning Gap Project, which provides low–income schoolchildren ages 6 to 12 with summer learning opportunities. The grant addresses the decline in learning that often occurs during the summer months — especially among children from poor families who cannot afford educational enrichment activities. As a result of the New York Life Foundation funding, 70 non–profits in New York City will provide high–quality summer academic programs, and help up to 7,000 children maintain their high levels of academic excellence.

"PASE is thrilled to be working with the New York Life Foundation on this crucial project to create summer learning opportunities for low–income children in New York City," said Janet Kelley, executive director of PASE. "The New York Life Foundation's commitment to the PASE Summer Learning Gap Project will allow us to bring programming to an unparalleled level and will ensure academic improvement for thousands of under–served schoolchildren."

"PASE shares the New York Life Foundation's commitment to quality education," said Sy Sternberg, chairman and chief executive officer of New York Life and chairman of the New York Life Foundation. "We are proud to be working with PASE and helping youngsters citywide build their academic skills during the summer months."

Studies indicate that although middle– and low–income students learn at the same rate during the school year, the more affluent students make significant gains over the summer as a result of enriching summer programs. Over time, this disparity translates into a loss of over two years in verbal achievement and a year and a half in mathematic skills, creating what is now termed "The Summer Learning Gap." PASE is one of the first organizations to translate these findings into program models that help disadvantaged children close the gap.

Launched in 2001, PASE's Summer Learning Gap Project trains and mentors youth agency staff throughout New York City on developing effective summer learning programs. The New York Life Foundation's grant will fund PASE's Summer Learning Gap Project at seventy program sites by 2005, with each site serving between 50 and 100 children.

About the Partnership for After School Education (PASE)
The Partnership for After School Education (PASE) was founded in 1993 by a small group of after-school professionals and is today one of the nation's premier professional organizations for after-school educators. PASE's mission is to assist young people in identifying and reaching their full potential. This mission is achieved through an innovative set of programs providing training, management assistance, model programs and advocacy for youth–serving organizations. PASE now has over 1,500 community–based member organizations that improve the lives of hundreds of thousands of under–served children and youth in New York City. For more information on the Summer Learning Gap Project, please view PASE's new Web site — www.pasesetter.com — or call (212) 571–2664.

About the New York Life Foundation
Celebrating its 25th anniversary in 2004, the New York Life Foundation (www.newyorklifefoundation.org) is the major vehicle through which New York Life Insurance Company channels contributions to national and local nonprofit organizations. Through its Nurturing the Children initiative, the Foundation supports organizations, programs and services that target young people, particularly in the areas of mentoring, safe places to learn and grow, and educational enhancement opportunities. Through Volunteers for LIFE, its national community involvement initiative, New York Life also encourages volunteer participation by its employees, agents, and retirees.

Contacts:

Janet T. Kelley
PASE
212–571–2664
jkelley@pasesetter.com

Lisa Fels
New York Life
212–576–7937
lisa_fels@newyorklife.com

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New York Life Foundation Awards Nearly $600,000 to the Partnership for After School Education to Enhance Summer Academic Programs for Thousands of Low-Income Youth

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