Voya Foundation and Teach For America collaborate to diversify America’s teaching workforce

Rhea-AI Summary

Voya Financial, Inc. (NYSE: VOYA) announced a new collaboration between Voya Foundation and Teach For America aimed at increasing diversity in the educator workforce. This initiative will focus on recruiting from historically Black colleges and universities (HBCUs), particularly targeting STEM students. Voya's partnership will enhance Teach For America's recruitment efforts and offer support to potential applicants. Voya Foundation's mission includes improving quality of life in communities through financial literacy and education initiatives. This effort aligns with Voya's commitment to diversity, equity, and inclusion.

Positive

• Collaboration with Teach For America focusing on HBCU recruitment.
• Support for STEM major recruitment to diversify educator workforce.
• Enhances Teach For America's existing initiatives, potentially improving educational outcomes.

Negative

• None.

Voya Financial, Inc. (NYSE: VOYA), announced today that Voya Foundation, the company’s giving arm — has entered into a collaborative effort with Teach For America to diversify America’s educator workforce. The collaboration will:

• Support Teach For America’s recruitment initiatives on the campuses of historically Black colleges and universities (HBCUs);
• Place a strong focus on recruiting students majoring in Science, Technology, Engineering and Math (STEM) subjects; and
• Provide additional applicant support and engagement opportunities for undergraduates on HBCU campuses.

“We have worked for almost a decade with great organizations like Thurgood Marshall College Fund and Medgar Evers College to help diversify the teacher workforce through one-on-one mentorship programs, which are extremely impactful for participants,” said Braeden Mayrisch, director, Social Impact. “Teach For America’s strength in larger-scale recruiting will vastly add to our reach, and ultimately improve the classroom experience of the thousands of students. It is a great step in expanding diversity, equity and inclusion at the most fundamental level — in our schools.”

Racial diversity in our nation’s educator workforce face unique barriers. According to a 2018 US Department of Education survey, 79% of educators are Caucasian and 76% of educators are female. This research also shows that students learn better when teachers mirror their own backgrounds — a phenomena that presents particular challenges for Black and African American boys. This new collaborative effort will continue to support Teach For America’s work to bring diverse educators into our schools.

“Teach For America is thrilled to be embarking on this partnership with Voya,” said Franchesca Jones, managing director of recruitment at Teach For America. “Recruiting the incredible undergraduates from our country’s HBCUs has been an ongoing priority for Teach For America. We’re grateful to have a new partner who shares our vision of a diverse educator workforce and who can support the applicants who want to make that vision a reality.”

This collaborative effort is part of Voya Foundation’s signature program, Voya Teacher Voices. The program focuses on empowering teachers to become leaders by promoting the teaching career, recognizing high-achieving educators, providing training opportunities and offering financial support to achieve their goals. Additionally, this program, which will launch this year, will help drive Voya’s Diversity, Equity and Inclusion strategy as the company looks to form further relationships with America’s classrooms that directly impact the financial capability and wellness of the Black and African American community.

About Voya Foundation

Voya Foundation's mission is to improve the quality of life in communities where Voya Financial operates and its employees and customers live. Voya Foundation provides grants and establishes signature partnerships in the areas of financial literacy and children's education and fosters employee engagement to deepen our positive impact on the community. For more information, visit www.VoyaFoundation.com

About Voya Financial^®

Voya Financial, Inc. (NYSE: VOYA), helps Americans plan, invest and protect their savings — to get ready to retire better. Serving the financial needs of approximately 13.8 million individual and institutional customers in the United States, Voya is a Fortune 500 company that had $7.6 billion in revenue in 2020. The company had $700 billion in total assets under management and administration as of Dec. 31, 2020. With a clear mission to make a secure financial future possible — one person, one family, one institution at a time — Voya’s vision is to be America’s Retirement Company^®. Certified as a “Great Place to Work” by the Great Place to Work^® Institute, Voya is equally committed to conducting business in a way that is socially, environmentally, economically and ethically responsible. Voya has earned recognition as one of the World’s Most Ethical Companies^® by the Ethisphere Institute; as the No. 1-ranked financial services firm among Barron’s 100 Most Sustainable Companies for three consecutive years; as a member of the Bloomberg Gender Equality Index; and as a “Best Place to Work for Disability Inclusion” on the Disability Equality Index. For more information, visit voya.com. Follow Voya Financial on Facebook, LinkedIn and Twitter @Voya.

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View source version on businesswire.com: https://www.businesswire.com/news/home/20210308005774/en/

FAQ

What is Voya's initiative to diversify the educator workforce?

Voya Foundation has teamed up with Teach For America to recruit more diverse educators from HBCUs, emphasizing STEM fields.

How does Voya Foundation support Teach For America?

Voya Foundation provides assistance with recruitment initiatives and engagement opportunities for HBCU students.

What has Voya Financial reported about their revenues?

Voya Financial reported $7.6 billion in revenue for 2020.

What are Voya's goals related to diversity and education?

Voya aims to improve the educator workforce's diversity as part of its commitment to diversity, equity, and inclusion.

When will the Voya Teacher Voices program launch?

The Voya Teacher Voices program, which focuses on empowering teachers, will launch this year.