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New York Life Community Impact Grant Award

March 23, 2015

SCHOOLHOUSE SUPPLIES RECEIVES COMMUNITY IMPACT GRANT FROM NEW YORK LIFE

PORTLAND, Ore., March 24, 2015 – Schoolhouse Supplies announced today that it was awarded a $25,000 Community Impact Grant from New York Life. The grant will support Schoolhouse Supplies’ Tools for Schools program that provides backpacks filled with school supplies to every student at a designated school.

“We are grateful for New York Life’s investment in Schoolhouse Supplies’ Tools for Schools program, which will impact many lives for the better,” said Lisa Palermo, development director at Schoolhouse Supplies. “The generous support of New York Life, will enable us to provide a backpack filled with supplies to support an entire year of learning to Harrison Park School this fall.”

“New York Life encourages our agents and employees to devote their time, energy and talents to making good things happen where we live and work,” said Kimberly Wuepper Rudick, CLTC, an agent with the company’s Portland General Office. “We are pleased that our partnership with organizations like Schoolhouse Supplies can have a positive and lasting impact in our local community.”

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. More than 340 grants totaling nearly $4 million have 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.

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About Tools for Schools: Tools for Schools is a program offered by Schoolhouse Supplies that aims to provide backpacks and supplies to 100% of students attending Portland Public Schools where 65% or more of the students are eligible for free or reduced lunch. The program matches sponsors with schools to ensure that all students begin school with the basic school supplies necessary to learn. To learn more about the program please visit: www.schoolhousesupplies.org/tools-for-schools.

 bout Schoolhouse Supplies: Schoolhouse Supplies is an award-winning nonprofit that supports public education in Portland by giving students and teachers free classroom supplies. Our mission to “serve classrooms in need by operating a volunteer-run Free Store for Teachers, which is stocked with supplies donated by the community,” is based on the belief that every child deserves school supplies and has the right to a quality education.

About the New York Life Foundation: Inspired by New York Life’s tradition of service and humanity, the New York Life Foundation has, since its founding in 1979, provided $200 million in charitable contributions to national and local nonprofit organizations. The Foundation supports programs that benefit young people, particularly in the areas of educational enhancement and childhood bereavement. The Foundation also encourages and facilitates the community involvement of employees, agents, and retirees of New York Life through its Volunteers for Good program. To learn more, please visit www.newyorklifefoundation.org.

Media Contact

Cheryl Larson
cheryl@schoolhousesupplies.org
503-891-6390

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