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New York Life Announces Expansion of Its Industry Leading Development Program for Financial Professionals
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New York Life s Impact Investment Initiative Commits $50 million to IMPACT Community Capital in support of affordable housing preservation
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NEW YORK (BUSINESS WIRE) May 11, 2021
New York Life, Americaâs largest and most admired 1 mutual life insurer, announced today that it has donated $150,000 to Project Hope and $150,000 to American-India Foundation (AIF) to support COVID-19 relief efforts in India.
âCOVID-19 has negatively impacted all people globally and we are proud to support efforts aimed at stopping the further spread of this terrible virus,â said Ted Mathas, Chairman and CEO. âAs a mutual life insurer, one of our core values is to act with humanity and we hope these contributions help ease the suffering of the people of India.â
Project HOPE is working with local partners and government officials in India to facilitate the rapid procurement and distribution of PPE, oxygen supplies, ICU equipment, ventilators, and other critical items to support the countryâs overwhelmed health care system. Initial plans target five states in India, coordinating with government officials to get su
1 and most admired
2 mutual life insurer, today announced a $1 billion impact investment initiative with the aim to address the racial wealth gap by investing in underserved and undercapitalized communities over the next three years with a focus on supporting small businesses, affordable housing, and community development. The company will partner with diverse asset managers, federally chartered community development financial institutions (CDFI), and other mission-driven organizations to amplify their efforts on the ground.
“The societal events of the past year have stirred an urgency to address America’s racial disparities, which the Covid-19 pandemic has only made more glaring. Now, more than ever, is the right time to make impact investments that drive change,” said Tony Malloy, chief investment officer at New York Life. “We are focused on investments that seek to not only deliver meaningful societal impacts, but also provide the potential to generate market returns to
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