MetLife Foundation Supports COVID-19 Response In NYC

NEW YORK--(BUSINESS WIRE)--MetLife Foundation today announced that it is providing grants to four New York City–based nonprofit organizations in support of COVID-19 relief efforts. The grants to these four organizations total $1 million and are part of MetLife Foundation’s $25 million commitment to the global response to COVID-19.

The organizations receiving grants are:

• Bedford Stuyvesant Restoration Corporation ($200,000), to help families and businesses with funds for expenses such as rent, healthcare and childcare, as well as to provide financial counseling and food supplies to low-income communities.
• Children’s Health Fund ($150,000), to increase access to healthcare amid the COVID-19 pandemic and to support low-income families with funds for transportation, food, access to technology for remote education, and supplemental learning materials.
• Hot Bread Kitchen ($150,000), to provide financial support and other critical relief for its workforce program alumni, including workers and small businesses in the food industry.
• Local Initiatives Support Corporation ($500,000), to support families with small-dollar emergency cash funds for expenses such as rent, food, childcare, transportation, and other basic needs.

“Many people who were economically vulnerable before the pandemic now face even greater challenges,” said Mike Zarcone, head of Corporate Affairs for MetLife and Chairman of MetLife Foundation. “This is especially true in New York, which is why MetLife Foundation is increasing its efforts here.”

As part of the $25 million commitment, MetLife Foundation and other MetLife entities have already provided over $6 million to relief efforts in Asia, EMEA, Latin America, and the United States, including $1 million to U.S. food banks to help them deal with increased demand for their services as a result of COVID-19.

About MetLife Foundation

At MetLife Foundation, we believe financial health belongs to everyone. We bring together bold solutions, deep financial expertise and meaningful grants to build financial health for people and communities that are underserved and aspire for more. We partner with organizations around the world to create financial health solutions and build stronger communities, engaging MetLife employee volunteers to help drive impact. MetLife Foundation was created in 1976 to continue MetLife’s long tradition of corporate contributions and community involvement. Since its founding through the end of 2019, MetLife Foundation provided more than $860 million in grants and $85 million in program-related investments to make a positive impact in the communities where MetLife operates. To date, our financial health work has reached 9.9 million low-income individuals in 42 countries. To learn more about MetLife Foundation, visit www.metlife.org.

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.