Child drawing rainbow

Humanity is one of New York Life’s core values, and we live it every day with the work we do as a life insurer. Aligned with our business, our philanthropic investments and volunteerism follow suit. We are proud to stand alongside our clients and our communities as partners, particularly in these difficult times. This year tested all of us, but we showed up through the work we accomplished with, in, and for our communities.

Supporting our nonprofit partners and communities during the COVID-19 crisis required us to be flexible and nimble in our approach. We started the year planning legacy grants to celebrate the 175th year of New York Life, but shortly into the year we pivoted to be there where our communities needed us most.

2020 By the Numbers

$67.6 MILLION

TOTAL PHILANTHROPIC GIVING

$659,000

DISASTER RELIEF GRANTS

$27.5 MILLION

BRAVE OF HEART FUND

$9.7 MILLION

175TH ANNIVERSARY GRANTS

$15.6 MILLION

GRANTS TO EDUCATION AND BREAVEMENT PARTNERS

$5.1 MILLION

COVID-19 RELIEF GRANTS

$2.9 MILLION

MATCHING GRANTS

$1.4 MILLION

SOCIAL JUSTICE GRANTS

$67.6 MILLION

TOTAL PHILANTHROPIC GIVING

$659,000

DISASTER RELIEF GRANTS

$27.5 MILLION

BRAVE OF HEART FUND

$9.7 MILLION

175TH ANNIVERSARY GRANTS

$15.6 MILLION

GRANTS TO EDUCATION AND BREAVEMENT PARTNERS

$5.1 MILLION

COVID-19 RELIEF GRANTS

$2.9 MILLION

MATCHING GRANTS

$1.4 MILLION

SOCIAL JUSTICE GRANTS

Nurse getting ready for shift

In it together… with frontline healthcare workers

Recognizing that frontline workers protect our families, we wanted to protect theirs. The New York Life Foundation partnered with the Cigna Foundation to launch the Brave of Heart Fund, managed by e4e Relief. The Fund provides financial support in the form of charitable relief grants to help the families of healthcare workers who lose their lives to COVID-19. Each company’s charitable foundation contributed $25 million to seed the Fund, and the New York  Life Foundation pledged to match up to another $25 million in donations. In addition to grants, families also benefit from behavioral and emotional support services from Cigna and grief-coping resources from New York Life to help families through this lifelong journey. The Fund will continue to operate in 2021, and we hope you will help us spread the word to healthcare workers and their families across the country. If you want to find out more about this Fund and the people it is helping, you can learn more at braveofheartfund.com.

1896

In 1896, we became the first company to offer life insurance to people with disabilities.

Learn more about our history

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.

Download a PDF of the 2018 Report to Policy Owners

Download a PDF of the 2020 Report to Policy Owners