MetLife Foundation Makes Significant Progress Towards $200 Million, Five Year Commitment to Financial Inclusion
Nearly $100 Million Disbursed by Year Three To Advance Financial Inclusion Around the Globe
NEW YORK, Thursday, April 21, 2016 /3BL Media/ – Today, MetLife Foundation released its 2015 Annual Report, highlighting its activities and showcasing a broad array of partners, grantees and activities.
In 2013, the Foundation committed $200 million over five years to ensure that more people across the globe have access to the quality financial services they need to build better lives. To date, it has committed more than $100 million towards that goal. The report highlights the partners and areas where those grants have helped advance the cause.
“This past year, as I have travelled around the globe meeting our non-profit partners and their clients, I have been amazed at the dedication they bring to the needs of the communities in which they operate. To see the difference that they are making in the lives of individuals and families is truly inspiring. My thanks to them for helping us ensure that more people across the globe have access to quality financial services and products they need to build better lives,” said Dennis White, president and chief executive officer, MetLife Foundation.
In addition to financial inclusion, MetLife Foundation also supports other areas including health and medical research, arts and culture, community development and employee engagement initiatives. These projects bring significant benefits to local communities around the world in which MetLife operates.
Some other key 2015 highlights are:
- More than $49 million in MetLife and MetLife Foundation total giving
- 210 financial inclusion grantees with an additional 565 volunteer and matching gift grantees
- Grant-giving in 30 countries across the globe
- 72,000 volunteer hours from employee engagement activities
To recognize achievements in financial inclusion and to raise awareness about the issue, MetLife Foundation renewed its exclusive sponsorship of ‘The Financial Inclusion Challenge,’ managed by The Wall Street Journal. As a complement to the Challenge, MetLife Foundation and WSJ. Custom Studios are sponsoring a multi-media website, Multipliers of Prosperity, showcasing the most innovative developments in the field and highlighting some of the excellent work being done by MetLife Foundation grantees.
To learn more about the Foundation please visit www.metlife.org.
About MetLife Foundation
MetLife Foundation was created in 1976 to continue MetLife’s long tradition of corporate contributions and community involvement. Since its founding through the end of 2015, MetLife Foundation has provided more than $700 million in grants and $70 million in program-related investments to organizations addressing issues that have a positive impact in their communities. Today, the Foundation is dedicated to advancing financial inclusion, committing $200 million to help build a secure future for individuals and communities around the world. To learn more about MetLife Foundation, visit www.metlife.org.
Nandika Madgavkar
Assistant Vice President, Corporate Responsibility for MetLife, Inc.
(212) 578-5707
nmadgavkar@metlife.com
