New York Life Foundation
/OVERVIEW: The New York Life Foundation supports young people and emphasizes education and bereavement support. It runs a separate initiative to support the philanthropic interests of its employees.
IP TAKE: This is perhaps the only foundation that works specifically to support children’s bereavement issues. While New York Life does not accept unsolicited proposals for funding, contact local agents to discuss children’s bereavement or out-of-school learning programs.
PROFILE: Established in 1979, the New York Life Foundation is the philanthropic offshoot of the New York Life Insurance Company, a leading provider of life insurance that is based in New York City. The foundation makes grants to support children’s bereavement and education. It also supports the philanthropic interests of its employees.
This funder maintains a strong interest in supporting children who have lost a loved one through grantmaking and online resources for parents, teachers and others. The foundation’s education funding prioritizes middle school-aged children. Recently, many grants have gone to out-of-schol and summer learning initiatives for this age group. The employee-led initiative does not outline specific goals, but grants generally support the communities where New York Life employees and agents live and work. Opportunties include matching programs, volunteer grants, team grants and community impact grants.
New York Life Foundation gave away about $20 million in grants in a recent year. Its average grant size is about $10,000, but grants have been as high as $250,000. Past New York area grantees include the Alliance for Young Artists and Writers, the YMCA of Greater New York, the American Museum of Natural History and the Community Resource Exchange. For additional information about past grantmaking, see the foundation’s past tax filings.
This funder does not provide a clear avenue for applying for funding Prospective grantees should contact an employee or agent at one of New York Life’s general offices to make an introduction. General inquiries can be directed to the NYLF staff at 212-576-7341 or via email at nylfoundation@newyorklife.com.
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