MetLife Foundation announces an additional $1 million to support HBCU students | News
NEW YORK–(BUSINESS WIRE)–March 25, 2022–
MetLife Foundation is providing an additional $1 million to the UNCF to help fund scholarships at historically black colleges and universities (HBCUs).
MetLife President and CEO Michel Khalaf announced the commitment last night at the 2022 UNCF Annual Gala held in New York City. At the event, Khalaf also accepted the UNCF Legacy Partner Award on behalf of MetLife. MetLife has been a partner of UNCF since 1946.
The latest $1 million grant will fund the new MetLife Foundation Legacy Endowment Fellowship. This program is set up alongside the MetLife Foundation Scholarship Fund – a UNCF program established in 2020 to support African-American students majoring in business, accounting, or finance at HBCUs.
Latest Grant Also Completes MetLife Foundation Pledge announcement in June 2020 to provide $5 million over three years to advance racial equity in the United States.
“The MetLife Foundation’s continued support of underserved and underrepresented communities is part of MetLife’s broader commitment to diversity, equity and inclusion,” Khalaf said. “The culmination of the $5 million pledge to advance racial equity serves as a launch pad for broader efforts we are undertaking to reduce inequality, create economic stability, and build a more inclusive and empowered future. confident for all.”
Yesterday, MetLife announcement a comprehensive set of Diversity, Equity and Inclusion (DEI) goals to be achieved by 2030. Under the seven new goals, MetLife is committed to generating $1 billion in investments that make advancing businesses owned by women, minorities and people with disabilities, and spending an additional $1.6 billion with various suppliers. Additionally, the MetLife Foundation has pledged to provide $150 million to support underserved and underrepresented communities.
Click on here for more information on MetLife’s commitment to DEI.
About MetLife
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 individual and institutional clients build a confident future. Founded in 1868, MetLife is present in more than 40 markets worldwide and holds leading positions in the United States, Japan, Latin America, Asia, Europe and the Middle East. For more information, visit www.metlife.com.
About the MetLife Foundation
At the MetLife Foundation, we are committed to expanding opportunity for low- and middle-income people around the world. We partner with nonprofits and social enterprises to create financial health solutions and build stronger communities, while engaging MetLife employee volunteers to help make an impact. Our financial health work has reached more than 17.3 million low- and middle-income people in 42 countries. Learn more about MetLife Foundation.
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CONTACT: Rachel Pokay
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KEYWORD: UNITED STATES NORTH AMERICA NEW YORK
SECTOR KEYWORD: PROFESSIONAL SERVICES INSURANCE HUMAN RESOURCES FINANCE
SOURCE: MetLife, Inc.
Copyright BusinessWire 2022.
PUBLICATION: 03/25/2022 08:30 / DISK: 03/25/2022 08:32
Copyright BusinessWire 2022.