D2D Secures New Funding from MetLife Foundation for Financial Empowerment Innovation Fund
February 4, 2016 /3BL Media/ - Doorways to Dreams (D2D) is pleased to announce the 2016 launch of its Financial Empowerment Innovation Fund. The $3 million Fund has secured grants from generous funders to support D2D’s ground breaking work to develop and scale a next generation of practical tools to dramatically improve the financial security of economically vulnerable Americans.
Last month, MetLife Foundation joined other D2D funders including the Ford Foundation, the W.K. Kellogg Foundation, and the JPMorgan Chase Foundation by awarding D2D a grant of $1 Million.
“D2D is a practical and proven innovator and product developer with an effective process,” said Dennis White, president and CEO of the MetLife Foundation. “We are pleased to provide this investment as part of a commitment to help strengthen the financial health of lower income consumers.”
“We are delighted to work with funders who share our passion to use practical ingenuity to develop engaging consumer tools. This Fund will allow us to reach our goal of reaching 500,000 consumers with $100MM in economic impact” said Timothy Flacke, D2D’s Executive Director.
Innovations currently in development include Ramp it Up, an app that engages high school students in the college financial readiness process, and SavingsQuest, a gamified experience that makes saving money fun and rewarding. Examples of past nationally-recognized D2D innovations include: Financial Entertainment video games and apps, Prize-Linked Savings products such as Save to Win, and Tax Time Savings initiatives such as SaveYourRefund. The generous support of donors such as MetLife Foundation will continue these efforts and generate new initiatives in 2016 and beyond.
About D2D Fund:
D2D is a national mission driven nonprofit organization that works to improve the economic well-being of millions of financially vulnerable Americans through innovation. D2D generates practical ideas for financial products, services and policies; pilot tests its ideas, and pursues scale strategies to reach millions of households, using its proven innovation process. D2D Fund envisions a world where the financial system promotes lasting social and economic prosperity for every family. D2D can be found on Twitter @d2dfund.
