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Core values

- **Addressing the Racial Wealth Gap**: New York Life has committed $1 billion to impact investments aimed at bridging the racial wealth gap by supporting affordable housing, small businesses, and community development[1][4][3].
- **Community Development**: The initiatives focus on creating positive social outcomes and economic returns, which can lead to meaningful social and economic development in underserved communities[1][4].
- **Support for Small Businesses and Diverse Fund Managers**: Partnerships with mission-aligned organizations and diverse fund managers help in supporting small businesses and community development[4].
- **Environmental and Social Governance**: New York Life's ESG reports highlight their commitment to managing social and environmental impacts, reducing carbon footprint, and supporting various social justice initiatives[2][3][5].
- **Charitable Giving and Community Engagement**: The New York Life Foundation has provided over $440 million in charitable grants, focusing on childhood bereavement support, middle school education, and social justice[5].