MetLife Foundation, an organisation focused on improving the financial health of low-income individuals around the globe has announced a commitment of $25 million towards supporting communities impacted by COVID-19. The foundation works by partnering with trusted organizations that create and expand financial access, and helps build the knowledge, capability and habits needed to improve financial well-being.
As per the company’s statement – The grant funding from MetLife Foundation will span all regions where MetLife operates, and will address both short- and longer-term relief efforts.
In the company’s statement related to the announcement, – MetLife President and CEO Michel Khalaf said – “Supporting and protecting people is at the core of who we are and what MetLife stands for – in our business and in the Foundation’s giving,” he added – “MetLife Foundation is directing its resources to those most impacted by coronavirus. The communities where we work and live have never needed our support more, and we’re going to do everything we can to help.”
The initial grants will support communities and people with urgent needs for food, healthcare, childcare, and direct financial support. MetLife Foundation will also stand by its existing partners on the frontlines of helping low-income people and small businesses build financial health, helping them to respond quickly to emerging needs.
As part of this commitment, MetLife Foundation and other MetLife entities have already pledged $4 million to relief efforts in Asia, EMEA, Latin America, and the United States, including $1 million to U.S. food banks to help them deal with increased demand for their services as a result of coronavirus.
HrNxt.com Newsdesk has researchers and writers with an excellent domain knowledge about the talent ecosystem, and the business environment. The team keeps a tab on the latest happenings in the ecosystem to bring most relevant news and insights for our readers. You can connect with our newsdesk at newsdesk@hrnxt.com.