MetLife 2018 Global Impact Report: MetLife Foundation
MetLife Foundation enhances our company’s efforts to build for tomorrow and put people at the heart of our actions. In the belief that financial health belongs to everyone, the Foundation combines financial health expertise and grants to bring solutions to underserved people and communities. Globally, the Foundation partners with grantees and MetLife volunteers to drive impact. From 2013 to 2017, these efforts have reached more than six million lower-income individuals in 42 countries, meeting people where they are every step of the way.
A Commitment to Financial Health
In 2018, MetLife Foundation realized its five-year goal to provide $200 million in grants to advance financial inclusion worldwide. Going forward, the Foundation will broaden its focus to financial health, providing solutions to help lower-income people effectively manage household budgets, recover from the unexpected and plan for the future.
Financial Health Leadership Highlights
In 2018, MetLife Foundation:
- Expanded funding for Common Cents Lab at Duke University, which has helped social ventures reach over one million lower-income Americans with better financial services and plans to expand globally with Foundation support.
- Partnered with Gallup on a groundbreaking financial health survey of more than 15,000 people in 10 countries. The results allow countries and organizations to make more informed decisions about improving financial health.
- Assessed the impact of Dream, Save, Do, our global financial empowerment initiative with Sesame Workshop, on parents’ and children’s financial knowledge, abilities and behaviors.
Strengthening a Nonprofit Microfinance Institution in Bangladesh
MetLife employees based in Dhaka, Bangladesh brought their professional skills to bear to reduce rural poverty. Through Bankers
without Borders, the employees volunteered with MetLife Foundation partner BURO Bangladesh, a fast-growing nonprofit providing financial and social services to one million lower-income people, primarily women. MetLife volunteers provided recommendations on how to improve BURO’s organizational structure and incentive processes and shared human resources best