New York Life Foundation Pledges $1.7 Million to Help Amid Coronavirus Outbreak

Wednesday, April 8, 2020

New York Life Foundation Pledges $1.7 Million to Help Amid Coronavirus Outbreak

It’s in times like these that people come together to support one another for the greater good, and as always, the New York Life family is doing its part to help.

The New York Life Foundation is at the forefront of our efforts to lend a hand by pledging more than $1.7 million to local and national nonprofits and to help our employees.

Beneficiaries include:

  • Center for Disaster Philanthropy’s Covid-19 Response Fund, which supports preparedness, containment, response and recovery activities for communities impacted by the pandemic. The fund will support both US and international activities.
  • CDC Foundation, which supports the Centers for Disease Control and Prevention and helps meet the fast-emerging needs identified by the CDC to respond to the public health threat from the pandemic. The CDC Foundation is an effective fundraising tool used to fill gaps in federal and state funding.
  • First Book (a New York Life Foundation grantee) to provide books to schools in low-income communities experiencing school closures. Our donation can deliver approximately 500,000 books to these communities, enabling children to continue reading during a school closure.

Our Foundation’s strategic partners that may be impacted by the Coronavirus in terms of lost income from cancelled events, lack of general operating support to pay quarantined workers, etc.

New York Life Emergency Assistance Fund to prepare for possible impacts of the Coronavirus on our own workforce.

How our workforce is helping

For all donations that our employees and agents make to the Center for Disaster Philanthropy, the CDC Foundation, First Book, and the New York Life Emergency Assistance Fund, our Foundation will match their gift, up to $5,000, for both employees and agents.

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