MetLife Foundation Provides $4 Million in Grants to Support Ongoing COVID-19 Relief Efforts
MetLife Foundation today announced that it is providing $4
million in grants to support COVID-19 relief efforts for low-income
people and small businesses across the United States. The grants
complete MetLife Foundation’s $25 million commitment to the global
response to COVID-19 and underscore its ongoing commitment to
helping underserved communities.
“The pandemic has compounded housing and food insecurity in our
communities and continues to have an outsized impact on small
businesses,” said Mike Zarcone, head of Corporate Affairs and
Sustainability for MetLife and Chairman of MetLife Foundation.
“These grants will provide relief to people and businesses that
need help the most during these challenging times.”
MetLife Foundation is providing the following grants:
- $375,000 to Breaking Ground and $375,000 to the YMCA of Greater
New York, to address the impact of COVID-19 on homelessness in New
York City through local outreach, transitional housing, and
critical social services.
- $1.25 million of total support to food banks in communities
where MetLife has a significant presence in New York, New Jersey,
Rhode Island, North Carolina, Nebraska, Illinois, Florida, Ohio,
and Missouri. Additionally, MetLife Foundation will match MetLife
employee contributions to food banks through the end of 2020.
- $2 million to the Local Initiatives Support Corporation (LISC)
in support of small businesses. These funds will be directed to
business development organizations across multiple markets, with a
focus on minority and women-owned businesses in historically
underinvested communities that need operational support.
On top of the MetLife Foundation donation to LISC, MetLife is
providing the organization a $10 million loan as part of its impact
investing program. The funds will be used to support affordable
housing and other economic development activities in low-income and
racially and ethnically diverse communities.
About MetLife Foundation
At MetLife Foundation, we are committed to expanding
opportunities for low- and moderate-income people around the world.
We partner with nonprofit organizations and social enterprises to
create financial health solutions and build stronger 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. From its founding through the end of 2019, MetLife
Foundation provided more than $860 million in grants and $85
million in program-related investments to make a positive impact in
the communities where MetLife operates. Our financial health work
has reached more than 13.4 million low- and moderate-income
individuals in 42 countries. To learn more about MetLife
Foundation, visit metlife.org.
MetLife, Inc. (NYSE: MET), through its subsidiaries and
affiliates (“MetLife”), is one of the world’s leading financial
services companies, providing insurance, annuities, employee
benefits and asset management to help its individual and
institutional customers navigate their changing world. Founded in
1868, MetLife has operations in more than 40 markets globally and
holds leading positions in the United States, Japan, Latin America,
Asia, Europe and the Middle East. For more information, visit
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