The work of the Foundation is a natural extension of New York Life’s enduring commitment to being there for people when we are needed.
Since its founding in 1979, it has grown as a philanthropic leader, investing more than $258 million in national and local nonprofit organizations.
New York Life’s business and childhood bereavement.
In alignment with the financial support New York Life’s products can provide children and their families following the death of a loved one, the Foundation strives to help bring them a measure of emotional support through its work in the childhood bereavement field.
As we enter our 10th year of funding in 2018, to date we have invested more than $36 million in this critical area. This money has been used to fund direct services to young people who need help, as well as staff training and other operational improvements for our nonprofit partners providing these services. To better understand and further illuminate the challenge of childhood grief in America, for the past two years we have also incorporated research and data collection into our investments. We also recently sponsored a survey to measure the effects of grief on children and gauge the public’s understanding of this issue. Going forward, the insights we’ve obtained from the results will help us more effectively communicate and raise awareness about childhood bereavement, and guide our resources and support to where they can do the most good.
A solid foundation leads to positive transitions—in school and in life.
Being prepared, feeling confident, and having a network of support is the recipe for a solid foundation that leads to positive transitions throughout life. This is particularly true for middle school students working their way into high school. Moreover, research has shown that, for disadvantaged students, more learning time—in the form of high-quality afterschool, expanded-day, and summer programs—leads to greater academic achievement, better school attendance, and more engaged students. Since 2013, the New York Life Foundation has invested more than $32 million into organizations that provide nearly 500,000 middle school youth with afterschool and summer programming, with an emphasis on those programs supporting the critical transition between eighth and ninth grades.
Our national partnerships provide large-scale attention to this important period in the development of young people. In 2017, we expanded our support to local afterschool, summer, and expanded learning programs in cities and towns across the country with the launch of a new grant program, Aim High.
This year, our country faced an unprecedented number of natural disasters—from hurricanes to wildfires. We responded by providing immediate disaster funding for relief efforts, as well as matching donations from our employees and agents. To complement our financial support, our people took action by volunteering with Save the Children, the American Red Cross, Feeding Tampa Bay, the North Texas Food Bank, and the CARE animal rescue center in San Antonio, among others. Together with our employees and agents, we provided $2.2 million toward disaster relief efforts.
Following the deadly violence in Las Vegas, our local New York Life office partnered with the Foundation and our grief partners, the Dougy Center and the Solace Tree, to host community events to openly discuss ways to support children, colleagues, and oneself when confronted by stressful times. The aftermath of these events is heartbreaking and ongoing. We continue to work with our partners in these communities to determine how we can continue to offer support in the future.
Room and board.
At the time Hurricane Harvey was approaching the coast of Texas, New York Life was preparing to hold a conference in Austin. The company cancelled the meeting and donated the convention space it had rented, as well as hundreds of hotel rooms and thousands of pounds of food, to the volunteer relief workers arriving in the city.