MetLife Foundation Reaches New Milestone, Over $1 Billion in Giving
14 Settembre 2023 - 8:00PM
Business Wire
MetLife Foundation today announced that it has reached over $1
billion in giving. The Foundation was established in 1976 as an
independent charitable arm of Metropolitan Life Insurance Company
(MetLife), and since its founding, has made significant
contributions to strengthen communities where MetLife has a
presence.
Today, MetLife Foundation focuses on driving inclusive economic
mobility and addressing the needs of underserved and
underrepresented communities around the world. The work of MetLife
Foundation continues to improve the financial health and well-being
of individuals and families, creating positive impacts for society
and communities.
“Supporting and protecting families, businesses and communities
has always been core to our strategy, and the work MetLife
Foundation does helps us deliver on our purpose,” said MetLife
President and CEO, Michel Khalaf. “As we celebrate this milestone,
we renew our commitment to continue to help all our stakeholders
build a more confident future.”
Since its inception, MetLife Foundation has established
commitments and partnered with nonprofits to provide grants and
create programs in support of its mission, notable among them
being:
- In 2005, MetLife Foundation expanded its grantmaking outside of
the U.S., and committed $200 million to a global campaign to bring
financial inclusion to low-income communities around the
world.
- MetLife Foundation’s giving has focused on responding to crises
globally including the September 11 attacks, the Tohoku Earthquake
and Tsunami in Japan, COVID-19, among others.
- Over the years, MetLife Foundation has provided grants to
support access to affordable housing and has partnered with
organizations like Habitat for Humanity, which the Foundation works
with in 13 countries – including the U.S., Korea, India and
Bangladesh.
- MetLife and MetLife Foundation have proudly partnered with UNCF
(United Negro College Fund) for nearly 80 years to support students
attending HBCUs.
- MetLife’s 2030 Diversity, Equity and Inclusion Commitments
include a pledge from MetLife Foundation to award $150 million in
funding to support underserved and underrepresented communities.
Since 2021, $60.9 million has been awarded to help close the income
and wealth gap.
- MetLife Foundation has awarded over $18 million for Alzheimer’s
Disease research through MetLife Foundation Awards for Medical
Research, leading to a greater understanding of the disease.
To mark the milestone, MetLife Foundation and Food Bank For New
York City are hosting a food packing event on September 14, 2023,
in Vanderbilt Hall located in Grand Central Terminal, with MetLife
volunteers. MetLife Foundation and Food Bank For New York City have
been partners for 15 years, and this event coincides with Hunger
Action Month and MetLife’s annual initiative – Volunteering with
Purpose – where MetLife colleagues lend their time, talent and
passions to benefit their communities.
“We are honored to have our longstanding partner, Food Bank For
New York City, join us to recognize this achievement,” said Mike
Zarcone, Head of Corporate Affairs for MetLife and Chairman of
MetLife Foundation. “Our partners and MetLife colleagues amplify
the efforts of the Foundation, and this event will help fight back
against food insecurity for our neighbors in New York City and
communities around the world.”
Additionally, New York City Mayor Eric Adams and New York
Representative Brandon Williams issued proclamations recognizing
MetLife Foundation achieving $1 billion in giving and its work in
New York City and New York more broadly. In Mayor Adams’
proclamation, he declared September 14, 2023, as MetLife Foundation
Day in New York City.
To learn more about the work of MetLife Foundation, visit
www.MetLife.org.
About MetLife Foundation
At MetLife Foundation, we are committed to driving inclusive
economic mobility for underserved and underrepresented communities
around the world. We collaborate with nonprofit organizations and
provide grants aligned to three strategic focus areas – economic
inclusion, financial health and resilient communities – while
engaging MetLife employee volunteers to help drive impact. MetLife
Foundation was established in 1976 to continue MetLife’s long
tradition of corporate contributions and community involvement.
Since its inception, MetLife Foundation has contributed over $1
billion to strengthen communities where MetLife has a presence. To
learn more about MetLife Foundation, visit www.MetLife.org.
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For Media: Olivia Janicelli (212) 578-3547
olivia.janicelli@metlife.com
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