National Programs
Nearly half of the Foundation's annual budget is distributed to our national program partners. These efforts offer the company the opportunity to invest in key community organizations around the country and support worthwhile volunteer projects and schools that are meaningful to our employees and financial representatives.
Each year, hurricanes, floods, tornadoes and wildfires destroy the vitality of communities across the country. In order to support community recovery and rebuilding, the Northwestern Mutual Foundation has provided a grant of $500,000 to the American Red Cross. These dollars will be deployed to assist at the local level, in the event of a disaster or emergency that affects our financial representatives and customers. This fund will be replenished annually, for the next five years.
For more than 40 years, Northwestern Mutual’s Matching Gifts Program has supported quality educational institutions, based on gifts made by our financial representatives and employees. The program matches dollar-for-dollar the contributions made by financial representatives and employees to fund accredited public and private nonprofit schools, elementary, middle and secondary schools, as well as college and universities. In fiscal year 2009, the program contributed more than $3.2 million to schools across the nation. In the last five years, nearly 2,500 accredited schools have received more than $15 million in matching gifts from the Foundation.
In 2009 Northwestern Mutual introduced a new award which recognizes network and district network offices that engage in group volunteerism. The first-ever Community Impact Awards were presented to four network offices (one in each region) during the 2009 Regional Meetings. In recognition of each of the four award-winning offices, the Northwestern Mutual Foundation made a $50,000 contribution to the nonprofit that each supports.
Another way that Northwestern Mutual recognizes and supports the volunteer activities of its financial representatives is through the Community Service Awards program. This program, which is open to the 9,000 members of the Northwestern Mutual Financial Network, has resulted in more than $3.5 million dollars donated to charities around the country since its inception in 1995.
Each year, the Northwestern Mutual Foundation awards 25 financial representatives whose outstanding dedication to local organizations has significantly bettered their communities. The nonprofits for which they volunteer are awarded a $10,000 grant, with one of the 25 recognized as the Most Exceptional Volunteer and honored with a $25,000 grant to his or her nonprofit partner.