WELLESLEY, Mass., June 29 /PRNewswire-FirstCall/ -- The Sun Life Rising Star Awards program announced it is accepting applications from Philadelphia-area non-profit organizations that work with at-risk youth to win one of three $50,000 grants that will be distributed in the Philadelphia area. As part of the application process, each non-profit will have the opportunity to nominate a student who participates in the organization for a chance to receive a $5,000 scholarship. The Sun Life Rising Star Awards program is a new program supported by Sun Life Financial, developed to recognize and provide resources to high school students who have overcome the odds and remained committed to furthering their education and the non-profit organizations who work on their behalf.
Philadelphia is one of seven cities that the program will visit this year. The awards program will give away a total of $1,000,000 in grants and scholarships in 2010. Philadelphia-area applications will be accepted June 28, 2010 through August 31, 2010 and can be downloaded from www.sunliferisingstar.com.
"At Sun Life Financial, we believe improving educational opportunities for our nation's youth is a top priority, which is why we decided to make an investment in the lives of exceptional students and the organizations that support their educational and personal development," said Wes Thompson, President, Sun Life Financial U.S. "In addition to grants and scholarships, the Sun Life Rising Star Awards program will provide training, education, and other resources to support Philadelphia-area nonprofits and students."
Applications received from the Philadelphia area will be reviewed by a judging panel consisting of local community leaders and educators. To be considered for funding, an organization must be designated as not-for-profit and work with children under the age of 21 in the areas of education engagement and/or increasing high school graduation rates. In addition to grant money, organizations will have the opportunity to receive financial education curriculum and training to incorporate a financial education component into its program.
Organizations will also have the opportunity to nominate one extraordinary high school senior who is actively involved in the program and:
- Plans to pursue post-secondary education (i.e. college, trade school)
- Exhibits leadership qualities beyond their years
- Participates in community activities
National Award Winners
All winning organizations will be automatically considered for an additional $50,000 grant to further their mission. Winning students will be invited to enter an essay competition where one student will be selected as the National Sun Life Rising Star award winner and receive a scholarship worth up to $50,000 payable over four years. The national award winners will be announced in 2011.
For more information on the Sun Life Rising Stars program, please visit www.sunliferisingstar.com.
About Sun Life Financial
Sun Life Financial is a leading international financial services organization providing a diverse range of protection and wealth accumulation products and services to individuals and corporate customers. Chartered in 1865, Sun Life Financial and its partners today have operations in key markets worldwide, including Canada, the United States, the United Kingdom, Ireland, Hong Kong, the Philippines, Japan, Indonesia, India, China and Bermuda. As of March 31, 2010, the Sun Life Financial group of companies had total assets under management of $428 billion. For more information please visit www.sunlife.com.
Sun Life Financial Inc. trades on the Toronto (TSX), New York (NYSE) and Philippine (PSE) stock exchanges under the ticker symbol SLF.
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Media Contact: Diane Johnson
SOURCE Sun Life Financial Inc.