Company awards scholarships to 50 students nationwide; applications now open for the 2023 program
MILWAUKEE, Jan. 10, 2023 /PRNewswire/ -- Northwestern Mutual today announced the recipients of its 2022 Childhood Cancer Survivor and Sibling Scholarship Program to ease the financial burden on families affected by childhood cancer. Through this year's program – which helps to fund tuition and other school fees for childhood cancer survivors and siblings of those affected by childhood cancer – 50 deserving students were selected with each receiving a $5,000 renewable scholarship, totaling $500,000 in scholarship awards.
"Childhood cancer robs children and their families of far too much, and that should not include the opportunity to pursue their dreams of a college degree," said Steve Radke, president of the Northwestern Mutual Foundation. "We are proud to help these brave children start the next chapter of their lives, as well as recognize and honor the challenges siblings endure."
Recognizing the significant financial burden families shoulder when undergoing childhood cancer treatments, Northwestern Mutual's Childhood Cancer Scholarship Program was created to help alleviate another major expense facing families affected by childhood cancer – the cost of a college education. To date, the company has supported more than 210 scholars and contributed nearly $1.5 million through its Childhood Cancer Scholarship Program. The program is administered through Scholarship America, an organization dedicated to developing scholarship solutions for student success.
Applications for the 2023 scholarship program are now open. To learn more and apply, visit:
Northwestern Mutual's Childhood Cancer Program is committed to accelerating the search for better treatments and cures for childhood cancer, while also supporting families undergoing treatment and survivors struggling with lasting effects. Since 2012, the company has contributed more than $45 million to the cause and funded more than 520,000 hours of research. To learn more about Northwestern Mutual's continued efforts in the fight against childhood cancer, visit its Foundation's website here.
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 $400 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 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 more than $561 billion in combined company and client assets, $34 billion in revenues, and $2.1 trillion worth of life insurance protection in force, Northwestern Mutual delivers financial security to nearly five million people with life, disability income and long-term care insurance, annuities, and wealth and investment management services. Northwestern Mutual ranked 97 on the 2022 FORTUNE 500 and was recognized by FORTUNE® as one of the "World's Most Admired" life insurance companies in 2022.
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.
SOURCE Northwestern Mutual