MetLife Foundation Announces Additional $1 Million to Support Students at HBCUs

Most recent grant to the UNCF rounds out MetLife Foundation’s $5 million determination to racial fairness announced in 2020

NEW YORK, March 25, 2022–(Business WIRE)–MetLife Basis is delivering an further $1 million to the UNCF to aid finance scholarships at Historically Black Schools and Universities (HBCUs).

MetLife President and CEO Michel Khalaf announced this determination final evening through the 2022 UNCF annual gala held in New York Metropolis. At the celebration, Khalaf also approved UNCF’s Legacy Husband or wife Award on behalf of MetLife. MetLife has partnered with the UNCF considering that 1946.

The most current $1 million grant will fund the new MetLife Basis Legacy Endowment Scholarship. This method is becoming founded along with the MetLife Basis Scholarship Fund – a UNCF method established in 2020 to assistance African American students majoring in organization, accounting or finance at HBCUs.

The newest grant also completes the motivation MetLife Foundation declared in June 2020 to supply $5 million around a few years to advance racial equity in the United States.

“MetLife Foundation’s ongoing assistance of underserved and underrepresented communities is element of MetLife’s broader dedication to range, equity and inclusion,” mentioned Khalaf. “The end result of the $5 million pledge to advance racial fairness serves as a launchpad for broader attempts we’re endeavor to lower inequality, make economic security, and create a a lot more inclusive and assured potential for all.”

Yesterday, MetLife declared a comprehensive established of diversity, equity and inclusion (DEI) objectives to be realized by 2030. As portion of the 7 new goals, MetLife committed to originate $1 billion in investments that advance corporations owned by gals, minorities and disabled folks, and to invest an further $1.6 billion with varied suppliers. In addition, MetLife Foundation dedicated to delivering $150 million to assist underserved and underrepresented communities.

Click on listed here for extra details on MetLife’s motivation to DEI.

Tale continues

About MetLife

MetLife, Inc. (NYSE: Satisfied), as a result of its subsidiaries and affiliates (“MetLife”), is a person of the world’s main economic solutions companies, giving insurance policy, annuities, personnel advantages and asset administration to help individual and institutional consumers construct a much more self-assured foreseeable future. Launched in 1868, MetLife has functions in much more than 40 markets globally and holds main positions in the United States, Japan, Latin America, Asia, Europe and the Middle East. For far more data, take a look at www.metlife.com.

About MetLife Basis

At MetLife Basis, we are dedicated to expanding opportunities for low- and average-money persons all around the world. We companion with nonprofit businesses and social enterprises to develop money health remedies and build much better communities, though partaking MetLife staff volunteers to assist generate impact. Our financial overall health operate has arrived at a lot more than 17.3 million small- and average-income folks in 42 nations. Discover a lot more at MetLife Basis.

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