€ 0
Support from MetLife Foundation
https://www.metlife.com/sustainability/MetLife-sustainability/MetLife-Foundation/
Overview
| Donor: | MetLife Foundation |
| Application procedure: | Letter of Inquiry |
| Donor base: | United States |
| Reference number: | - |
| Eligible applicants: | Non-Profit Organisation, Social Business |
| Deadline: | ongoing |
Financial details
| Grant size: | Large - more than $1,000,000 |
| Minimum grant size: | 250$ |
| Total available budget: | 50.000.000$ |
| Funding type: | Grants |
| Maximum grant size: | 3.600.000$ |
| Funding ratio: | Co-funding preferred |
Sectors
- Arts & Culture
- Economic Development
- Education
- Health
- Humanitarian Aid
- Other
- Research, Technology & Innovation
Project Locations
Africa
Algeria, Angola, Benin, Botswana, Burkina Faso, Burundi, Cameroon, Cape Verde, Central African Republic, Chad, Comoros, Democratic Republic of the Congo, Djibouti, Egypt, Equatorial Guinea, Eritrea, Eswatini, Ethiopia, Gabon, Gambia, Ghana, Ivory Coast, Kenya, Lesotho, Liberia, Libya, Madagascar, Malawi, Mali, Mauritania, Mauritius, Morocco, Mozambique, Namibia, Niger, Nigeria, Republic of the Congo, Rwanda, Sao Tome and Principe, Senegal, Seychelles, Sierra Leone, Somalia, South Africa, South Sudan, Sudan, Tanzania, Togo, Tunisia, Uganda, Western Sahara, Zambia, Zimbabwe
America
Argentina, Bolivia, Brazil, Chile, Colombia, Costa Rica, Cuba, Dominica, Dominican Republic, Ecuador, El Salvador, French Guiana, Grenada, Guatemala, Haiti, Mexico, Nicaragua, Panama, Peru, Venezuela
Asia
Afghanistan, Bangladesh, Bhutan, Cambodia, India, Indonesia, Iran, Israel, Japan, Korea, Laos, Mongolia, Nepal, Oman, Pakistan, Palestine, Sri Lanka, Thailand
Europe
Albania, Armenia, Belarus, Bosnia and Herzegovina, Bulgaria, Croatia, Cyprus, Czech Republic, Estonia, Georgia, Hungary, Kosovo, Latvia, Lithuania, Moldova, Montenegro, North Macedonia, Poland, Romania, Serbia, Slovakia, Slovenia, Ukraine
Description
1) Objective
MetLife Foundation was founded in 1976 to continue MetLife’s long tradition of corporate contributions and community involvement. While financial inclusion is their global focus, the Foundation also sponsors initiatives in other philanthropic areas. These programmatic areas include medical research, arts and cultural institutions, disaster relief, and civic initiatives. Since its creation, the Foundation has provided more than $700 million in grants to make a positive difference for the people, families and communities they serve. Its global focus is financial inclusion and it works in both developing and developed economies to expand and improve financial services. They fund approaches that help low- and moderate-income people: (1) improve basic cash flow management; (2) prepare for life’s inevitable challenges; (3) take advantage of opportunities; and (4) achieve their short- and long- term goals. They provide grants, loans and equity.
2) Eligibility
Their grant recipient partners need to be aligned with their strategy, be capable partners to deliver on their grants, and be willing to measure and share results with them and with the broader financial inclusion community about both their successful interventions, and their “lessons learned.” Most of their partners are likely to be not-for-profit or NGOs, but they may make grants to other organisations seeking to reach low- and moderate-income populations with appropriate financial services (i.e. banks, Micro Finance Institutions (MFIs), and, in some markets, telecom companies).
3) Location
Around half of the funding volume is directed at projects in the United States, followed by Latin America and Asia (around 20% each). The Foundation also funds some global initiatives.
4) Budget
They have an annual funding volume of around $50,000,000 and fund around 400 projects every year. Grants range from $250-$3,600,000.Around 70% of their funding volume is allocated to projects in the sector of financial inclusion, while the rest is reserved for medical research, arts and culture and disaster relief.
5) Application
MetLife Foundation reviews proposals by invitation only from organisations that have proven success in the area of financial inclusion. Please note that they will not review unsolicited letters of inquiry or proposals.