METLIFE FOUNDATION COMMITS ADDITIONAL $5 MILLION TO ADVANCE RACIAL EQUITY NEW YORK, June 18, 2020 MetLife Foundation today announced that it is committing an additional $5 million over the next three years to advance racial equity in the United States. The Foundation will use these funds to promote Black educational and career opportunities, Black business ownership, and racial-justice initiatives.
As part of this commitment, MetLife Foundation will provide immediate support of $1 million to the United Negro College Fund (UNCF) and $250,000 to the NAACP Legal Defense and Educational Fund, Inc. MetLife and MetLife Foundation have partnered with the UNCF since the organization was founded 76 years ago, and the $1 million donation will help finance scholarships at Historically Black Colleges and Universities.
MetLife Foundation's $5 million pledge will supplement the $10 million in annual contributions it already makes to support diverse communities and racial equity, along with the $100 million in impact investments made by MetLife Investment Management to support diverse communities and small businesses.
In 2019, MetLife joined CEO Action for Diversity & Inclusion, the largest CEO-driven business commitment to advance diversity and inclusion in the workplace.
More recently, MetLife endorsed the COVID-19 5-Point Action Agenda, committing to promote inclusion in the workplace and society; raise awareness of the impact of COVID-19 on vulnerable groups; denounce bias against Pan-Asians and other diverse communities; support frontline workers, COVID-19 victims, and their families; and donate funds to help vulnerable communities and businesses negatively affected by the pandemic.
For more information on MetLife's commitment to diversity and inclusion, visit: https://www.metlife.com/about-us/global-diversity-inclusion/.
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METLIFE FOUNDATION COMMITS ADDITIONAL $5 MILLION TO ADVANCE RACIAL EQUITY NEW YORK, June 18, 2020 MetLife Foundation today announced that it is committing an additional $5 million over the next three years to advance racial equity in the United States. The Foundation will use these funds to promote Black educational and career opportunities, Black business ownership, and racial-justice initiatives.
