Congressional Black Caucus Announces New York Life Foundation Funding for Congressional Internship Program.Business Editors WASHINGTON--(BUSINESS WIRE)--June 22, 2001 Grant Enables African-American College Students Opportunity to Work on Capitol Hill The Congressional Black Caucus Congressional Black Caucus, organization of African-American members of the U.S. House of Representatives. Founded in 1970, it addresses legislative concerns of African Americans and other minority citizens, such as employment, welfare reform, minority business Foundation (CBCF CBCF Canadian Breast Cancer Foundation CBCF Congressional Black Caucus Foundation CBCF Community Based Corrections Facilities CBCF Commander, Base Communications Facility ) today announced a grant by the New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of Life Foundation, the philanthropic arm of New York Life Insurance Company The New York Life Insurance Company (NYLIC) is the largest mutual life-insurance company in the United States, and one of the largest life insurers in the world.[3] , to help fund 38 paid internships for African-American college students working on Capitol Hill during the summer months. This $50,000 grant supports the Congressional Internship internship /in·tern·ship/ (in´tern-ship) the position or term of service of an intern in a hospital. internship, n the course work or practicum conducted in a professional dental clinic. Program that provides undergraduate students with hands-on experience working with a member of the Congressional Black Caucus, as well as educational workshops and cultural programs. "Support from leading companies like New York Life is critically important to sustaining and enhancing the quality of career training and leadership development offered through the Congressional Internship Program," said Dr. Romona Edelin, executive director, Congressional Black Caucus Foundation. "This financial support will help to enable outstanding collegians to be engaged in a life-changing learning experience." "We are delighted to help fund a program that gives young people the opportunity to work on Capitol Hill and gain greater insight into the legislative process," said Sy Sternberg, chairman, president and chief executive officer of New York Life and chairman of the New York Life Foundation. "The Congressional Internship Program helps undergraduate students build a foundation for their careers by teaching them valuable lessons about leadership, communication, teamwork and civic responsibility." The intern's work experience is complemented with regularly scheduled educational and cultural enrichment activities. Each week, interns  This article or section is written like an .Please help [ rewrite this article] from a neutral point of view. Mark blatant advertising for , using . participate in round table discussions with Congressional Black Caucus Members, federal government officials and other public policy experts to gain insight on critical issues facing America. Interns work a 40-hour week and receive housing at a Washington, D.C. university campus, in addition to a stipend sti·pend n. A fixed and regular payment, such as a salary for services rendered or an allowance. [Middle English stipendie, from Old French, from Latin st to cover transportation, meals and personal expenses. The New York Life Foundation, established in 1979 by New York Life Insurance Company, is the major vehicle through which the company channels contributions to national and local nonprofit organizations. Through its Nurturing the Children initiative, the Foundation supports organizations, programs and services that target young people, particularly in the areas of educational enhancement, mentoring, and safe places to learn and grow. New York Life Insurance Company, a Fortune 100 company, is one of the largest insurance companies in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. and the world. Founded in 1845 and headquartered in New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. , New York Life and its affiliates offer traditional life insurance, annuities and long-term care long-term care (LTC), n the provision of medical, social, and personal care services on a recurring or continuing basis to persons with chronic physical or mental disorders. insurance. On the investment side, New York Life's affiliates provide institutional asset management and trust services and, through a subsidiary, NYLIFE Distributors Inc., provide an array of securities products and services such as institutional and retail mutual funds, including 401(k) products. Visit New York Life's Web site at www.newyorklife.com for more information. The Congressional Black Caucus Foundation, Inc. (CBCF) was established in 1976 as a non-partisan, non-profit, public policy, research and educational institute. As envisioned by its founders, the CBCF's mission is to assist the leaders of today, while helping to prepare a new generation of leaders for the future. To that end, the CBCF has worked to broaden and elevate the influence of African Americans in the political, legislative and public policy arenas. |
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