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New York Life Foundation Supports Junior Achievement’s Hispanic Initiative With Grant Of $614,000

Grant Connects Over 6,800 Hispanic Students with Positive Role Models in Their Community

NEW YORK, N.Y., SEPTEMBER 17, 2007 – JA Worldwide® (Junior Achievement) announced today that it has received a three-year $614,000 grant from New York Life Foundation to support a Hispanic initiative designed to prepare Hispanic students to navigate the “business of life”—practical work-readiness, entrepreneurship, and personal finance skills—through Junior Achievement’s after-school programs.

The initiative also seeks to provide Hispanic youth with positive role models from the local Hispanic community who will deliver JA’s after-school programs. JA volunteers can show students how success in the classroom translates to success in the “real world,” and can reinforce the value of continuing education. The National Center for Education Statistics indicates that the high school dropout rate of Hispanic students is 28 percent.

“As members of the largest minority population in the United States, Hispanic youth can benefit greatly from Junior Achievement programs. We want to help all youth, and particularly those from underserved populations, realize the ‘American Dream,’” said Gerald M. Czarnecki, president and chief executive officer, JA Worldwide. “This generous support from the New York Life Foundation will help over 6,800 Hispanic youth connect with positive role models who understand the challenges they face and can help them succeed in business and in life.”.

“We are proud to fund a program that will expand JA’s economic education programs and provide high quality after-school programming focused on education and entrepreneurship for thousands of at-risk Hispanic students in dozens of communities across the country,” said Christine Park, president of the New York Life Foundation.

JA Worldwide® (Junior Achievement)
JA Worldwide is the world’s largest organization dedicated to inspiring and preparing young people to succeed in a global economy. Through a dedicated volunteer network, JA Worldwide provides in-school and after-school programs for students in grades K-12. JA Worldwide offers educational programs that focus on three key content areas: entrepreneurship, work readiness, and financial literacy. Today, 140 individual area operations reach approximately four million students in the United States, with an additional 3.5 million students served by operations in 114 other countries worldwide. Please visit www.ja.org for more information.

About The New York Life Foundation The New York Life Foundation 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. Since 1979, the New York Life Foundation has donated more than $100 million to national and local non-profit organizations. Foundation’s Web site at www.newyorklifefoundation.org for more information.

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New York Life Foundation Supports Junior Achievement’s Hispanic Initiative With Grant Of $614,000

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