Applications for the 2025-26 School Year
Childhood Cancer Scholarship are being accepted now through
Feb. 3, 2025
MILWAUKEE, Dec. 3, 2024
/PRNewswire/ -- Northwestern Mutual, through its Foundation, today
announced its continued support of those affected by childhood
cancer with a $500,000 donation
toward higher education for childhood cancer survivors and
childhood cancer siblings. As part of the company's 2025 Childhood
Cancer Scholarship Program, 25 childhood cancer survivors and 25
childhood cancer siblings will be awarded a $5,000 scholarship, with the option to renew for
a second year for a total of up to $10,000 per student.
"Studies show that 60% of families lose significant household
income and are hit with financial hardship as a result of a
childhood cancer diagnosis," said Steve
Radke, president of the Northwestern Mutual Foundation.
"Each year, it's an honor to provide some relief to these families
and alleviate part of the financial burden tied to higher
education, but the real joy is being able to see these students
looking forward to their future and the brighter moments they have
ahead them."
Since the program's inception in 2017, more than 320
scholarships have been awarded to children undergoing treatment,
survivors and siblings of those who have been affected by childhood
cancer, totaling $3 million. The
Childhood Cancer Scholarship Program is one of several initiatives
that the Northwestern Mutual Foundation commits to as part of its
ongoing mission to the childhood cancer cause.
"For over a decade, it has been the Foundation's mission to help
find better treatments and cures for childhood cancer, while
supporting families undergoing treatment and survivors living with
long-term effects of treatment," said Radke. "Part of that includes
celebrating the 'goldeNMoments' and breakthroughs along the
way, like survivors and siblings affected by childhood cancer
pursuing their aspirations through higher education."
Applications for the 2025-26 school year scholarship program are
now being accepted through Feb. 3,
2025, unlocking an additional $500,000 in student scholarships.
The Childhood Cancer Scholarship Program is administered through
Scholarship America, an organization dedicated to developing
scholarship solutions for student success. Northwestern Mutual
helps identify the criteria Scholarship America uses to select each
year's recipients, including the student's essay, family income
level, grade point average and geographic location. The scholarship
is for full-time undergraduate studies and students must be a
childhood cancer survivor or sibling of someone who had or has
childhood cancer. For more information about the Childhood Cancer
Scholarship Program and to apply, visit
https://northwesternmutual-foundation.com/scholarships/.
Since 2012, Northwestern Mutual's Childhood Cancer Program has
been committed to accelerating the search for better treatments and
cures for childhood cancer while supporting families undergoing
treatment and survivors living with long-term effects. To date,
Northwestern Mutual, through its Foundation, has funded more than
700,000 hours of research to accelerate the search for better
treatments and cures for childhood cancer and contributed more
than $60 million to the cause
overall. To learn more about the company's commitment to childhood
cancer, visit the Northwestern Mutual Foundation's
website here.
As a mutual company improving lives through financial security,
we know the actions we take today shape tomorrow. Our disciplined
approach to governance, risk management and shared value through
the lens of sustainability and social impact protects our long-term
financial strength, creates positive economic and societal impact,
and helps ensure we're here to serve for generations to come.
By delivering financial security and expanding financial access,
investing in our communities, strengthening a culture of belonging,
and reducing our environmental impact, we're building a resilient
tomorrow for policyowners and clients, our employees and financial
advisors, and our communities.
About Northwestern Mutual Foundation
The mission of
the Northwestern Mutual Foundation is to improve the lives of
children and families in need. The Foundation has given more than
$500 million since its inception in
1992 and is designed to create lasting impact in the communities
where the company's employees and financial representatives live
and work. We accomplish this by combining financial support,
volunteerism, thought leadership and convening community partners
to deliver the best outcomes. Our efforts are focused nationally on
curing childhood cancer, and locally on education, neighborhoods
and making our hometown of Milwaukee a great destination. Visit
Northwestern Mutual Foundation to learn more.
About Northwestern Mutual
Northwestern
Mutual has been helping people and businesses achieve financial
security for more than 165 years. Through a comprehensive planning
approach, Northwestern Mutual combines the expertise of its
financial professionals with a personalized digital experience and
industry-leading products to help its clients plan for what's most
important. With more than $627
billion of total assets being managed across the company's
institutional portfolio as well as retail investment client
portfolios, nearly $36 billion in
revenues, and $2.3 trillion worth of
life insurance protection in force, Northwestern Mutual delivers
financial security to more than five million people with life,
disability income and long-term care insurance, annuities, and
brokerage and advisory services. Northwestern Mutual ranked 111 on
the 2023 FORTUNE 500.
Northwestern Mutual is the marketing name for The Northwestern
Mutual Life Insurance Company (NM), Milwaukee, WI (life and disability insurance,
annuities, and life insurance with long-term care benefits) and its
subsidiaries. Subsidiaries include Northwestern Mutual
Investment Services, LLC (NMIS) (investment brokerage
services), broker-dealer, registered investment adviser, member
FINRA and SIPC; the Northwestern Mutual Wealth Management
Company® (NMWMC) (investment advisory and services),
federal savings bank; and Northwestern Long Term Care Insurance
Company (NLTC) (long-term care insurance). Not all Northwestern
Mutual representatives are advisors. Only those representatives
with "Advisor" in their title or who otherwise disclose their
status as an advisor of NMWMC are credentialed as NMWMC
representatives to provide investment advisory
services.
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SOURCE Northwestern Mutual
