We are pleased to announced that the Prison Entrepreneurship Program was awarded a $25,000 Community Impact Grant from New York Life to support our “From Prison to Paycheck” initiative, which will ensure a 100% employment rate among the graduates of our in-prison training program.
“We are grateful for New York Life’s investment in PEP, which will yield at least an $85,000 measurable impact on our community,” said Bert Smith, CEO of PEP. “New York Life’s commitment will help us to serve even more people across the State of Texas, particularly in Dallas and Houston.”
“New York Life strongly encourages its employees and agents to give their time and talents to help make a difference in our community,” said Steve Heussner, co-founder of Mogul Wealth Strategies and the representative of NYL who nominated PEP for the award. Steve is pictured above volunteering in prison at the Kickoff for our Leadership Academy in the Sanders Estes Unit in Venus. Texas.
The Community Impact Grant program awards grants of up to $25,000 to local nonprofit organizations which are championed by New York Life agents and employees to serve the needs of their local communities. Three hundred and twelve grants totaling nearly $4 million has been awarded to nonprofits across the country since the program’s inception in 2008.
New York Life Insurance Company, 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 has the highest possible financial strength ratings currently awarded to any life insurer from all four of the major credit rating agencies: A.M. Best (A++), Fitch (AAA), Moody’s Investors Service (Aaa), Standard & Poor’s (AA+).** Headquartered in New York City, New York Life’s family of companies offers life insurance, retirement income, investments and long-term care insurance. New York Life Investments*** provides institutional asset management and retirement plan services. Other New York Life affiliates provide an array of securities products and services, as well as retail mutual funds. Please visit New York Life’s website at www.newyorklife.com for more information.
*Based on revenue as reported by “Fortune 500 ranked within Industries, Insurance: Life, Health (Mutual),” Fortune magazine, 6/16/14. For methodology, please see http://fortune.com/fortune500/.
**Individual independent rating agency commentary as of 8/13/14.
***New York Life Investments is a service mark used by New York Life Investment Management Holdings LLC and its subsidiary, New York Life Investment Management LLC