New York Life Foundation Grants Over $900,000 To Nonprofits That Engage Older Adults

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New Foundation Focus, “A Selfless Legacy,” Supports Programs That Target Older Adults Who Are Engaged In Their Communities

NEW YORK, N.Y., October 9, 2008 – The New York Life Foundation recently announced grants totaling over $900,000 to six nonprofit organizations that engage older adults in work or volunteer opportunities for the betterment of the community. This new Foundation area, “A Selfless Legacy,” supports organizations that target older adults involved with programs that are intergenerational, broaden the financial education of at-risk community members, or strengthen the field of civic activity among older adults.

“We are pleased to expand our support to nonprofits that provide opportunities for older adults to be active, engaged and contributing to society,” said Chris Park, president, New York Life Foundation. “These nonprofits serve the entire community by capturing the knowledge and experience of older adults and providing them with meaningful opportunities to share their talent and expertise.”

The 2008 grants fall into three categories:
Promotion of Selfless Legacies

Civic Ventures - $100,000 to support the organization’s Purpose Prize and Encore Careers, which help to create a network of people wanting to use their retirement years to help others and channel funding, assistance and publicity around these accomplishments.

ReServe - $100,000 over two years to increase visibility for the organization’s program that matches experienced retirees and their skills to jobs that provide wider service in their communities.

Financial Education/Coaching

AARP Foundation - $300,000 over three years to develop modern technology for Tax-Aide, a nationwide program that provides free personal income tax assistance to low-and middle-income taxpayers with special attention to those age 60 and older.

Community Service Society - $100,000 to expand The Financial Coaching Corps Program that employs older adult volunteers, predominantly of color, to educate low-income community members in several sites in New York City about essential financial skills necessary for financial stability.

Intergenerational Programming

Generations United - $119,000 over two years to support the nonprofit’s ability to measure and market the effectiveness of their programs which promote purposeful and ongoing interactions between generations. They will develop and test an easy self-assessment tool and institute a seal of approval for high quality intergenerational programs.

Temple University Center for Intergenerational Learning - $200,000 over two years to support a program that creates engaging opportunities for Latino elders in New York City and Philadelphia within their communities.

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. In addition to its Nurturing the Children initiative, the Foundation also supports organizations and programs that help older adults create a Selfless Legacy by keeping active, engaged and contributing to society. Since 1979, the New York Life Foundation has donated more than $100 million to national and local nonprofit organizations. Please visit the Foundation’s Web site at www.newyorklifefoundation.org

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New York Life Foundation Grants Over $900,000 To Nonprofits That Engage Older Adults


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New York Life Foundation Grants Over $900,000 To Nonprofits That Engage Older Adults

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