New York Life Donates $200,000 to Teams Supporting Civil Rights for Asian American and Pacific Islander Communities

NEW YORK–(BUSINESS WIRE) – New York Life announced today that it has donated $ 100,000 to Asian Americans Advancing Justice / AAJC and $ 100,000 to Stop AAPI Hate in response to recent violence against Asian Americans and Pacific islanders. As part of the donation to Advancing Justice / AAJC, $ 50,000 will be donated to a special fund to help victims and their families affected by the shooting in Atlanta on March 16, 2021.

“We are outraged by the mindless murders in Atlanta as well as the many other violent hate crimes against Asian Americans and islanders in the Pacific that we witnessed over the past year,” said Ted Mathas, chairman and CEO. “Our contributions today will support the important work of two organizations defending these communities, but we as a society must come together to raise our collective voice not only to condemn racism in all forms, but to eradicate it.”

Asian Americans Advancing Justice / AAJC is a national association of five leading organizations working for the civil and human rights of Asian Americans to promote a fair and just society for all. Of the New York Life contribution, $ 50,000 will go to the Washington, DC subsidiary to support its nationwide efforts, and $ 50,000 will go to the Atlanta subsidiary to a special fund that supports victims and their families who affected by the shootings on March 16.

The Stop AAPI Hate Reporting Center was launched in March 2020 by the Asian Pacific Planning and Policy Council (A3PCON), the Chinese for Affirmative Action (CAA), and the Asian American Studies Department at San Francisco State University in response to the alarming escalation of xenophobia called out and bigotry as a result of the COVID-19 pandemic. The center tracks and responds to incidents of hatred, violence, harassment, discrimination, avoidance, and bullying of children against Asian Americans and islanders in the Pacific in the United States

New York Life recently signed a pledge from the Asian American Business Development Center, the Hispanic Chamber of Commerce of the United States, and the Black Chambers of the United States calling on CEOs across America to support Asian Americans and stand up against the racist attacks to fight back this community.

The company partnered with New York City’s Campaign Against Asian Prejudice on March 26, using the hashtag #STOPASIANHATE to support a March 26 call to end hate crimes against Asian American and Pacific islanders.

As part of New York Life’s support for the community, the New York Life Foundation will partner with First Book, a nonprofit social enterprise that promotes educational justice for children in need, to provide free books to schools in the Atlanta area to guide youngsters Make people available through this difficult time. The foundation has had a partnership with First Book since 2018.

In 2020, New York Life and its foundation donated nearly $ 68 million to charitable causes, including nearly $ 35 million in response to the pandemic and other natural disasters, to help communities across the country.

About New York life

New York Life Insurance Company (www.newyorklife.com), a Fortune 100 company founded in 1845, is the largest mutual life insurance company in the United States * and one of the largest life insurers in the world. New York Life’s corporate family, headquartered in New York City, offers life insurance, retirement income, investment, and long-term care insurance. New York Life has the highest financial strength ratings currently awarded to a US life insurer by all four major rating agencies **.

The New York Life Group Benefit Solutions products and services are offered exclusively by or through Life Insurance Company in North America (“LINA”) or Cigna Life Insurance Company in New York (New York, NY) (“CLICNY”) or by or provided by affiliates or subsidiaries of Cigna Corporation that are reinsured by LINA. LINA and CLICNY are responsible for their own financial situation and their contractual obligations. LINA is not licensed in New York and has no insurance business in New York.

* Based on revenue reported by Fortune 500, Industries, Insurance: Life, Health (Mutual), Fortune Magazine, 05/18/2020. Methodological information can be found at http://fortune.com/fortune500/.

** Individual comments from an independent rating agency as of October 15, 2020: AM Best (A ++), Fitch (AAA), Moody’s Investors Service (Aaa), Standard & Poor’s (AA +).