In response to the pandemic, New York Life also provided immediate disaster relief grants in excess of $5.5 million to various organizations for personal protective equipment for frontline workers, to provide books to children learning remotely, and to support research in fighting this disease.
Protecting your interests is our top priority.
Everyday heroes stepped up for their communities in this time of need, and we wanted to recognize them. New York Life agents and employees nominated extraordinary community members for our Love Takes Action Award. Thirty-five local heroes from across the nation were honored for their service in response to COVID-19. Each honoree selected a nonprofit to receive a $50,000 grant, amounting to a total of $1.75 million in grants to mark New York Life’s 175th anniversary.
…with our nonprofit partners
For our Foundation partners, we accelerated grant payments and converted program grants to general operating support to allow them flexibility. We also distributed $550,000 in emergency grants to our partners with the greatest need.
In response to the social unrest around the country, we wanted to do more beyond our donations and work with the National Museum of African American History and Culture, the Schomburg Center, and American College. We looked to a trusted partner, the NAACP Legal Defense and Education Fund, and made an additional $1 million grant to support their programs and operations— specifically their Voting Rights Initiative.
We also instituted a special matching gifts program focused on supporting social justice organizations.
…with children experiencing grief
In a time when the whole world is grieving a loved one, or just the life they once knew, our commitment to childhood bereavement and grief support has been more important than ever. Knowing that grief is not just a moment in time but a lifelong journey, we continue to partner and invest in grief support for children and their families through a holistic approach that includes financial stability, emotional wellbeing, and mental health.
…with underserved middle school students
In 2020, our nonprofit education partners proved to be flexible and invaluable, providing additional support for children of frontline workers and struggling students—and we were there to support them with grants. Organizations shifted to virtual programming and provided safe places for children during remote learning.
Our investments in our education grantees continue to be a crucial lifeline for families.