MetLife Foundation Announces Additional $1 Million to Support Students at HBCUs
Latest grant to the UNCF rounds out MetLife Foundation’s $5 million determination to racial equity declared in 2020
NEW YORK, March 25, 2022–(Small business WIRE)–MetLife Foundation is giving an added $1 million to the UNCF to aid finance scholarships at Historically Black Colleges and Universities (HBCUs).
MetLife President and CEO Michel Khalaf announced this motivation past night time all through the 2022 UNCF annual gala held in New York Town. At the occasion, Khalaf also accepted UNCF’s Legacy Companion Award on behalf of MetLife. MetLife has partnered with the UNCF because 1946.
The latest $1 million grant will fund the new MetLife Foundation Legacy Endowment Scholarship. This program is being founded together with the MetLife Basis Scholarship Fund – a UNCF program recognized in 2020 to assistance African American college students majoring in enterprise, accounting or finance at HBCUs.
The latest grant also completes the determination MetLife Basis announced in June 2020 to give $5 million above three many years to advance racial equity in the United States.
“MetLife Foundation’s ongoing guidance of underserved and underrepresented communities is section of MetLife’s broader motivation to diversity, fairness and inclusion,” mentioned Khalaf. “The fruits of the $5 million pledge to advance racial fairness serves as a launchpad for broader initiatives we’re undertaking to cut down inequality, generate economic steadiness, and make a much more inclusive and assured long run for all.”
Yesterday, MetLife announced a detailed established of variety, fairness and inclusion (DEI) plans to be attained by 2030. As element of the seven new ambitions, MetLife dedicated to originate $1 billion in investments that advance companies owned by ladies, minorities and disabled folks, and to invest an additional $1.6 billion with various suppliers. In addition, MetLife Basis committed to giving $150 million to assist underserved and underrepresented communities.
Click here for far more info on MetLife’s commitment to DEI.
MetLife, Inc. (NYSE: Fulfilled), as a result of its subsidiaries and affiliate marketers (“MetLife”), is a single of the world’s foremost money providers corporations, giving insurance policies, annuities, personnel rewards and asset administration to assist individual and institutional consumers construct a more self-assured upcoming. Established in 1868, MetLife has operations in extra than 40 marketplaces globally and holds main positions in the United States, Japan, Latin The us, Asia, Europe and the Middle East. For far more details, stop by www.metlife.com.
About MetLife Basis
At MetLife Foundation, we are dedicated to increasing chances for reduced- and moderate-revenue men and women about the globe. We lover with nonprofit corporations and social enterprises to develop monetary wellbeing answers and create more powerful communities, even though engaging MetLife worker volunteers to assistance drive impact. Our economic well being get the job done has reached a lot more than 17.3 million minimal- and average-earnings persons in 42 international locations. Discover additional at MetLife Basis.
Look at source variation on businesswire.com: https://www.businesswire.com/news/house/20220325005080/en/