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New York Life Foundation Awards $125,000 to Recipients of New Youth in Action Award

In Honor of Its 25th Anniversary, Foundation Initiates Award Program for New York City Nonprofit Organizations that "Nurture the Children"

NEW YORK, October 28, 2004 — To celebrate its 25th anniversary, the New York Life Foundation announced $125,000 in grants to winners of its new Youth in Action Award and honored the five recipient organizations at a luncheon ceremony. Representing each of the five boroughs of New York City, the winning organizations offer programs that support the Foundation's Nurturing the Children initiative and reach nearly 1,400 children citywide. Each program provides services for at-risk youth while also empowering them to become "youth in action" by developing and implementing community projects.

Sy Sternberg, chairman and chief executive officer of New York Life and chairman of the New York Life Foundation, said, "For 25 years, the New York Life Foundation has been committed to supporting programs that strengthen our communities. To commemorate this anniversary, we're pleased to present the Youth in Action Award, which recognizes programs that reflect our Foundation's current focus on children. The recipients of this award have clearly demonstrated their dedication to giving youth a voice and a vehicle for improving their communities."

"We're honored to recognize the first recipients of the Youth in Action Award for their outstanding programs serving New York City," said Peter Bushyeager, president of the New York Life Foundation. "Each one of these organizations has empowered children to play a significant role in developing and implementing programs as a way to enhance their confidence, build leadership skills and strengthen the fabric of our neighborhoods."

The winners of the Youth in Action Award are:

  • Bronx: Highbridge Community Life Center's Get and Give program, which offers students educational assistance in exchange for community service activities.
  • Brooklyn: Literacy, Inc.'s Teen Tutor Reading Partner program, which trains and assigns under-performing, economically disadvantaged teens as tutors for elementary school children, enabling both groups to improve their literacy skills.
  • Manhattan: Reading Excellence and Discovery (READ) After-School, In-School and Summer Reading programs, which enlist high-performing teens to build their leadership skills by serving as reading tutors for elementary school children.
  • Queens: Citizens for NYC Young Citizens Center, which engages immigrant youth in a 46-week community service initiative.
  • Staten Island: United Activities Unlimited Young, Talented and Gifted Teens program, which is an after-school initiative that teaches life skills and problem solving, and engages youth in community service activities.

The Youth in Action Award program, created in 2004 in recognition of New York Life Foundation's 25th year, provides $25,000 grants to New York City nonprofit organizations that engage youth, ages seven through seventeen, in planning, coordinating and/or helping to provide services that support the Foundation's Nurturing the Children initiative. Each of the selected Youth in Action programs falls into one or more of the following categories: Safe Places to Learn and Grow, Educational Enhancement and Mentoring Opportunities.

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.

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New York Life Foundation Awards $125,000 to Recipients of New Youth in Action Award

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