Voya Foundation

The Voya Foundation is a U.S. nonprofit organization dedicated to enhancing the quality of life in communities where Voya Financial operates, primarily through initiatives in financial literacy and children's education. It focuses on fostering financial resilience among youth by supporting STEM education and financial literacy programs.

Mission

The foundation aims to equip youth with the necessary skills in Science, Technology, Engineering, and Math (STEM) and financial knowledge to excel in the 21st-century workforce and make informed financial decisions that lead to secure retirements. This is achieved by partnering with organizations that deliver innovative STEM learning opportunities for K-8 students and financial education curricula for grade 9-12 students.

Focus Areas

• STEM Education: Voya Foundation supports experiential STEM learning for K-8 students, promoting an early interest in STEM careers. It also provides resources for improving teachers' STEM capabilities.

• Financial Literacy: The foundation offers financial education to grades 9-12, focusing on navigating major financial milestones such as student debt, credit, home ownership, and family needs.

• Mental Health and Financial Wellness: Voya Foundation recognizes the interlinkage of mental health and financial well-being, supporting initiatives that research this connection and offer programming to enhance young adults' ability to manage stressors impacting financial wellness.

• Scholarships: The foundation provides scholarships through its Voya Scholars program for exceptional students and those pursuing careers in mental health.

Community Engagement

Voya Foundation also supports employee engagement initiatives and provides funding for disaster relief, although it does not currently solicit new collaborations in these areas. The organization measures the success of its community initiatives through outcomes reported in its annual corporate responsibility reports.

Governance and Operations

The foundation operates under the umbrella of Voya Financial, Inc., aligning its giving strategy with the parent company's goals. It has a focused approach to grantmaking, ensuring that supported programs have well-defined metrics and measurable outcomes. Applications are accepted on an invitation-only basis, and organizations must align with the foundation's strategy of financial resilience.

[1] https://kansasenrichment.net/project/voya-foundation/ [2] https://www.voya.com/about-us/our-company [3] https://www.voya.com/news/2016/09/voya-foundation-announces-new-giving-strategy [4] https://www.voya.com/page/voya-foundation [5] https://www.voya.com/page/community