Latest grant to the UNCF rounds out MetLife Foundation’s $5 million dedication to racial fairness introduced in 2020
MetLife President and CEO Michel Khalaf introduced this determination last night time for the duration of the 2022 UNCF once-a-year gala held in New York Metropolis. At the celebration, Khalaf also approved UNCF’s Legacy Spouse Award on behalf of MetLife. MetLife has partnered with the UNCF considering the fact that 1946.
The most recent $1 million grant will fund the new MetLife Foundation Legacy Endowment Scholarship. This plan is becoming proven along with the MetLife Foundation Scholarship Fund – a UNCF plan recognized in 2020 to aid African American learners majoring in small business, accounting or finance at HBCUs.
The most up-to-date grant also completes the commitment MetLife Foundation declared in June 2020 to give $5 million in excess of 3 several years to advance racial equity in the United States.
“MetLife Foundation’s ongoing help of underserved and underrepresented communities is element of MetLife’s broader determination to diversity, equity and inclusion,” claimed Khalaf. “The end result of the $5 million pledge to progress racial equity serves as a launchpad for broader attempts we’re enterprise to lessen inequality, produce financial stability, and create a a lot more inclusive and confident future for all.”
Yesterday, MetLife introduced a thorough established of diversity, fairness and inclusion (DEI) objectives to be realized by 2030. As portion of the 7 new objectives, MetLife fully commited to originate $1 billion in investments that advance firms owned by ladies, minorities and disabled individuals, and to expend an supplemental $1.6 billion with various suppliers. In addition, MetLife Basis committed to offering $150 million to aid underserved and underrepresented communities.
Click below for a lot more info on MetLife’s motivation to DEI.
MetLife, Inc. (NYSE: Fulfilled), through its subsidiaries and affiliates (“MetLife”), is one particular of the world’s main economic products and services companies, offering insurance policy, annuities, personnel gains and asset administration to aid individual and institutional consumers establish a a lot more confident long term. Launched in 1868, MetLife has functions in much more than 40 markets globally and retains primary positions in the United States, Japan, Latin The usa, Asia, Europe and the Center East. For more information and facts, take a look at www.metlife.com.
About MetLife Basis
At MetLife Basis, we are committed to increasing options for low- and average-revenue people all-around the world. We companion with nonprofit corporations and social enterprises to develop economic health and fitness options and create more powerful communities, when partaking MetLife employee volunteers to assist push influence. Our money wellness get the job done has achieved extra than 17.3 million very low- and average-cash flow individuals in 42 nations around the world. Learn a lot more at MetLife Basis.
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