Metcalfe Park

Northwestern Mutual dedicates $3 million to help residents in Milwaukee's underserved communities achieve homeowner status

Retrieved on: 
Tuesday, June 20, 2023
Housing, Education, Crime, Community Development Alliance Scotland, Metcalfe Park, African Americans, Investment, City, Research, Health, Federal Reserve Board of Governors, Industrial design, Insurance, Northwestern Mutual, Black

MILWAUKEE, June 20, 2023 /PRNewswire/ -- Despite gains in education and earnings, the racial wealth gap remains a deep issue in America. According to the Federal Reserve Board, Black Americans' net worth is 70% below that of non-Black households. In Milwaukee, homeownership is less attainable for Black residents, which is due in part to this gap. As part of Northwestern Mutual's efforts to build healthier and stronger neighborhoods, the company is working to lessen this gap. To help progress towards this goal, the company is dedicating $3 million through its Sustained Action for Racial Equity initiative and its Foundation to provide Milwaukee residents with the resources and tools to achieve financial stability through homeownership.

Key Points: 
  • As part of Northwestern Mutual's efforts to build healthier and stronger neighborhoods, the company is working to lessen this gap.
  • "As a financial services company, we recognize our responsibility to support and add economic value to our communities," said Grady Crosby, vice president, chief sustainability and impact officer at Northwestern Mutual.
  • Northwestern Mutual is investing $2.5 million in the Milwaukee Community Land Trust (MCLT) to help drive affordable housing and ensure homeownership affordability over time.
  • This strategy works through a combination of program investments from philanthropies and long-term patient capital from financial institutions like Northwestern Mutual."

Northwestern Mutual Strengthens Milwaukee's Cultural Scene with Nearly $3 Million in Grants

Retrieved on: 
Tuesday, November 29, 2022
Growth, Zoological society, Metcalfe Park, Organization, Work, FORTUNE, Multimedia, Milwaukee Repertory Theater, Life, Education, SIPC, NLTC, Travel, FINRA, Milwaukee Public Museum, Children's museum, Discovery World, Tourism, Financial adviser, Northwestern Mutual

MILWAUKEE, Nov. 29, 2022 /PRNewswire/ -- Northwestern Mutual is committed to helping the company's hometown of Milwaukee flourish as a great place to live, work and visit. Recently named as one of the best places to travel in 2023, Milwaukee and its cultural scene are on an upward trajectory. Today, Northwestern Mutual announced nearly $3 million in grants to help sustain Milwaukee's growth and support the city's leading destinations.

Key Points: 
  • Recently named as one of the best places to travel in 2023, Milwaukee and its cultural scene are on an upward trajectory.
  • Today, Northwestern Mutual announced nearly $3 millionin grants to help sustain Milwaukee's growth and support the city's leading destinations.
  • "Milwaukee is a great city, and Northwestern Mutual is proud to play a role in ensuring these culturally enriching experiences and organizations are here to stay."
  • 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.

Northwestern Mutual Invests More Than $3.5 Million to Expand Quality Education in Milwaukee Community

Retrieved on: 
Tuesday, October 11, 2022
Quality of life, Commit, FORTUNE, Life, Education, LLC, Foundation, Investor, Multimedia, Student, Metcalfe Park, SIPC, FINRA, Leadership, Child, School, View, NLTC, Medicine, Tutoring, Financial adviser, Northwestern Mutual

MILWAUKEE, Wis., Oct. 11, 2022 /PRNewswire/ -- As part of its long-term commitment to investing high-quality education to help close the opportunity gap for students in the city of Milwaukee, Northwestern Mutual, through its Foundation, is donating more than $3.5 million in grants to local educational programs, nonprofits and schools. The grants will support the company's goal of increasing the number quality seats available at high-performing schools to ensure all children have access to an enriching and supportive learning environment.

Key Points: 
  • "At Northwestern Mutual, we believe education lays the groundwork for a strong community.
  • Every child deserves access to a quality education; however, the reality remains that educational disparities exist," said Steve Radke, president of the Northwestern Mutual Foundation.
  • Northwestern Mutual shares the school's long-term goal of increasing the number of quality seats in Milwaukee schools and has donated $1 million to the capital campaign.
  • 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.