MetLife Foundation
The MetLife Foundation is a US-based corporate foundation, established in 1976 as part of the life insurance company MetLife.
The MetLife Foundation’s goal is to build healthier and stronger communities worldwide and it has been focusing its resources on advancing financial inclusion in the United States and internationally. The foundation also supports local communities and provides humanitarian aid.
Official website: www.metlife.com/sustainability/MetLife-sustainability/MetLife-Foundation
The MetLife Foundation provided USD 1.4 million for development in 2020 through its grantmaking activities. Compared to 2019, this amount represents a decrease of 90% in real terms.
In 2020, USD 400 000 (6%) of the MetLife Foundation’s development finance was provided in the context of its COVID-19 response.
In 2020, the MetLife Foundation provided all of its development finance bilaterally through non-governmental organisations.
The MetLife Foundation’s development finance was focused on Asia (USD 1.2 million) and America (USD 200 000), accounting respectively for 88% and 12% of gross bilateral contributions. The top recipients of the MetLife Foundation’s grants were Bangladesh, India and Mexico.
All development grants by the MetLife Foundation in 2020 targeted financial and business services under economic infrastructure.
In terms of the 2030 Agenda, the MetLife Foundation’s development finance mainly supported SDG 1 (no poverty) and SDG 10 (reduced inequalities).