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Brave of Heart Fund Provides Financial Assistance and Behavioral Health Services to Families of Frontline Healthcare Workers

Strategic Insights

— 2 min read

The Brave of Heart Fund, founded by the Foundations of New York Life and Cigna, is now accepting applications for grants to provide financial and emotional support to the families of frontline healthcare workers who have lost their lives in the COVID-19 fight. The Fund has been seeded with initial investments of $25 million from each of the Foundations, and will provide eligible family members with cash grants of $15,000 to meet immediate expenses, and up to an additional $60,000 for longer-term needs. Grant recipients can also receive behavioral and emotional health support to help them navigate common issues associated with grief.

Key Takeaways:

  • The Brave of Heart Fund is a $50 million initiative founded by the Foundations of New York Life and Cigna to provide financial and emotional support to the families of frontline healthcare workers who have lost their lives in the COVID-19 fight.
  • The Fund will provide eligible family members with cash grants of $15,000 to meet immediate expenses, and up to an additional $60,000 for longer-term needs, such as medical care and counseling.
  • Grant recipients can also receive behavioral and emotional health support to help them navigate common issues associated with grief.
  • Eligible family members include a spouse or domestic partner, a dependent child or dependent parent, of doctors, nurses, technicians, orderlies, cafeteria workers, custodians, volunteers, and other healthcare workers on the front lines during the COVID-19 pandemic.
  • The Fund is administered by E4E Relief, which manages employee relief funds for companies representing over 4 million people worldwide.
  • The New York Life Foundation will continue to match gifts from individuals, dollar-for-dollar, up to $25 million.

Statistics:

  • The Brave of Heart Fund has been seeded with initial investments of $25 million from each of the Foundations of New York Life and Cigna.
  • Eligible family members can receive up to $75,000 in cash grants and behavioral health support.
  • E4E Relief has awarded over $105 million in charitable grants in the past five years, supporting relief efforts for 4 million people worldwide.

Sources:

  • Business Wire press release, "Brave of Heart Fund Now Accepting Applications for Grants to Support Families of Frontline Healthcare Workers Who Have Lost Their Lives in the COVID-19 Fight", May 28, 2020.
  • New York Life press release, "New York Life and Cigna Establish Brave of Heart Fund to Support Families of Frontline Healthcare Workers Who Have Lost Their Lives in the COVID-19 Fight", May 27, 2020.
  • Cigna press release, "Cigna and New York Life Launch Brave of Heart Fund to Support Families of Frontline Healthcare Workers Who Have Lost Their Lives in the COVID-19 Fight", May 27, 2020.

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