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MetLife Foundation Announces Additional $1 Million to Support Students at HBCUs

By Vincenzo Sieja 5 months ago

Newest grant to the UNCF rounds out MetLife Foundation’s $5 million dedication to racial fairness introduced in 2020

NEW YORK, March 25, 2022–(Enterprise WIRE)–MetLife Basis is delivering an added $1 million to the UNCF to enable finance scholarships at Traditionally Black Schools and Universities (HBCUs).

MetLife President and CEO Michel Khalaf announced this commitment previous night in the course of the 2022 UNCF once-a-year gala held in New York City. At the celebration, Khalaf also recognized UNCF’s Legacy Spouse Award on behalf of MetLife. MetLife has partnered with the UNCF considering that 1946.

The latest $1 million grant will fund the new MetLife Foundation Legacy Endowment Scholarship. This software is remaining established alongside the MetLife Basis Scholarship Fund – a UNCF method set up in 2020 to assist African American learners majoring in enterprise, accounting or finance at HBCUs.

The most up-to-date grant also completes the dedication MetLife Foundation introduced in June 2020 to offer $5 million in excess of three yrs to progress racial equity in the United States.

“MetLife Foundation’s ongoing assistance of underserved and underrepresented communities is portion of MetLife’s broader determination to variety, equity and inclusion,” claimed Khalaf. “The end result of the $5 million pledge to progress racial fairness serves as a launchpad for broader attempts we’re enterprise to decrease inequality, generate financial steadiness, and make a much more inclusive and assured foreseeable future for all.”

Yesterday, MetLife introduced a thorough established of range, fairness and inclusion (DEI) plans to be reached by 2030. As component of the seven new ambitions, MetLife dedicated to originate $1 billion in investments that advance companies owned by girls, minorities and disabled persons, and to commit an more $1.6 billion with varied suppliers. In addition, MetLife Foundation fully commited to providing $150 million to support underserved and underrepresented communities.

Simply click here for additional facts on MetLife’s motivation to DEI.

About MetLife

MetLife, Inc. (NYSE: Met), by way of its subsidiaries and affiliates (“MetLife”), is a person of the world’s leading economic products and services firms, supplying insurance policy, annuities, staff rewards and asset administration to aid personal and institutional consumers establish a a lot more self-assured long term. Founded in 1868, MetLife has operations in extra than 40 marketplaces globally and retains major positions in the United States, Japan, Latin America, Asia, Europe and the Center East. For a lot more data, visit www.metlife.com.

About MetLife Foundation

At MetLife Basis, we are committed to increasing chances for very low- and average-income persons all over the planet. We partner with nonprofit businesses and social enterprises to build monetary health solutions and construct more powerful communities, when partaking MetLife worker volunteers to assist drive effect. Our economical well being function has achieved extra than 17.3 million very low- and reasonable-income people in 42 nations around the world. Learn far more at MetLife Basis.

Watch resource variation on businesswire.com: https://www.businesswire.com/news/residence/20220325005080/en/

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