The US Business Group of Sun Life Financial Inc. is accepting grant applications from nonprofit organizations in the Greater Boston area that advocate for youth from underserved communities. Applications are available now at sunliferisingstar.com. The deadline for submissions is June 7.

Sun Life will award two winning organizations with a $50,000 grant. Each winner will then nominate an exemplary student to receive a $5,000 Sun Life Rising Star college scholarship.

The Sun Life Rising Star Awards program, now in its fourth year, provides financial resources to students and nonprofit organizations in large urban school districts that are committed to encouraging underserved youth to continue their education as a means to achieve lifelong financial wellness.

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“Sun Life is committed to improving the lives of underserved youth and helping communities understand the benefits of, and connection between education and financial wellness, empowering them to protect what they love most in their lives,” said Sun Life Financial US President Wes Thompson.

To be considered for a Sun Life Rising Star Award grant, organizations must have 501(c) (3) tax-exempt status, promote skills that directly translate to educational success in high school to students under the age of 21 and be aligned with a secondary or post-secondary educational institution. A judging panel comprised of government officials, community, education, and business leaders will evaluate the applications and student nominations.

Student nominees must be high school seniors actively involved in an organization that shares the Sun Life Rising Star Awards’ mission; they must also plan to pursue post-secondary education, exhibit leadership qualities, and demonstrate a strong commitment to their communities. Nominated students are required to submit a 750-word essay on what they love most about their lives and what they do to protect it.