MILWAUKEE, Aug. 13, 2020 /PRNewswire/ -- Since 2012, Northwestern Mutual has been committed to the fight against childhood cancer in support of patients, families and survivors, and 2020 has been no exception. Children with cancer have faced new and greater challenges this year and the company's employees and financial advisors are doubling down on their involvement in these efforts through volunteering, fundraising and more. Through its Foundation, the company is recognizing eight of its offices nationwide that have gone above and beyond for the cause as part of its 2020 Childhood Cancer Impact Awards.
"Each year, our advisors nationwide demonstrate extraordinary efforts to fund critical research and support children and families impacted by childhood cancer," said Eric Christophersen, president, Northwestern Mutual Foundation. "It's an honor to work alongside such dedicated and compassionate individuals, and we are proud to recognize our hardworking teams through this program."
The company has donated more than $345,000 in grants on behalf of the 2020 award recipients. Of the five award winners, four were recognized with a $50,000 grant. This year's Most Exceptional winner was awarded an additional $50,000, for a total grant amount of $100,000. New to this year's program, three offices were named as runners-up for the award and were each recognized with a $15,000 grant. These funds will be dedicated to childhood cancer nonprofit organizations selected by each office.
Most Exceptional Winner
"The employees and advisors at Northwestern Mutual are changing the lives of countless families, and their dedication to the fight against childhood cancer is inspiring," said Liz Scott, co-executive director of Alex's Lemonade Stand Foundation. "We are incredibly grateful for their continued support for ALSF and other organizations nationwide that are committed to improving treatments and bringing joy to children fighting cancer."
Since the program's inception, more than $2 million in grants has been donated to childhood cancer-related organizations through Northwestern Mutual's Childhood Cancer Impact Awards program. In addition to company's ongoing financial support and volunteerism throughout the year, it has donated more than $345,000 in grants on behalf of the 2020 award recipients.
Launched in 2012, Northwestern Mutual's Childhood Cancer Program was developed to find better treatments and cures, provide family and patient support and aid those who continue to struggle with long-term effects of cancer treatment. With the help of employees and financial advisors nationwide, the program has contributed more than $30 million and has helped fund 400,000 plus hours of research.
To support the rapidly changing needs of families battling childhood cancer, Northwestern Mutual has donated more than $250,000 to assist with essential grocery and travel expenses, and to support childhood cancer camps that will virtually bring the joy of summer camp to kids this year. To learn more about Northwestern Mutual's fight against childhood cancer, visit the Foundation website.
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 $386 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 160 years. Through a holistic 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 $290.3 billion in total assets, $29.9 billion in revenues, and $1.9 trillion worth of life insurance protection in force, Northwestern Mutual delivers financial security to more than 4.6 million people with life, disability income and long-term care insurance, annuities, and brokerage and advisory services. The company manages more than $161 billion of investments owned by its clients and held or managed through its wealth management and investment services businesses. Northwestern Mutual ranks 102 on the 2020 FORTUNE 500 and is recognized by FORTUNE® as one of the "World's Most Admired" life insurance companies in 2020. Northwestern Mutual also received the highest score among individual life insurance providers in the J.D. Power 2019 U.S. Life Insurance Satisfaction Study.
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) (securities), broker-dealer, registered investment adviser, member FINRA and SIPC; the Northwestern Mutual Wealth Management Company® (NMWMC) (fiduciary and fee-based financial planning services), federal savings bank; and Northwestern Long Term Care Insurance Company (NLTC) (long-term care insurance).
SOURCE Northwestern Mutual