MetLife Foundation Provides $4 Million in Grants to Support Ongoing COVID-19 Relief Efforts
MetLife Foundation has committed $4 million in grants to aid COVID-19 relief efforts for low-income individuals and small businesses in the U.S. This initiative finalizes their total commitment of $25 million to global COVID-19 responses. The funding includes significant allocations to organizations like Breaking Ground and the YMCA of Greater New York to combat homelessness, alongside $1.25 million for food banks in key states. Additionally, a $2 million grant will support minority and women-owned businesses via the Local Initiatives Support Corporation. MetLife is also providing a $10 million loan for affordable housing initiatives.
- $4 million in new grants for COVID-19 relief efforts.
- Total commitment reaches $25 million for global initiatives.
- $375,000 grants to local organizations addressing homelessness.
- $1.25 million allocated to food banks in multiple states.
- $2 million grant to support minority and women-owned businesses.
- $10 million loan for affordable housing initiatives.
- None.
NEW YORK--(BUSINESS WIRE)--MetLife Foundation today announced that it is providing
“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:
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$375,000 t o Breaking Ground and$375,000 t o 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.
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$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.
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$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
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
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 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 www.metlife.com.
