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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
- Children & Youth
- Climate Change
- Economic Development
- Education
- Environment & Natural Resources
- 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, Guinea, Guinea Bissau, 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
Antigua and Barbuda, Argentina, Bahamas, Barbados, Belize, Bolivia, Brazil, Chile, Colombia, Costa Rica, Cuba, Dominica, Dominican Republic, Ecuador, El Salvador, French Guiana, Grenada, Guatemala, Guyana, Haiti, Honduras, Jamaica, Mexico, Nicaragua, Panama, Paraguay, Peru, Saint Kitts and Nevis, Saint Lucia, Saint Vincent and the Grenadines, Suriname, Trinidad and Tobago, Uruguay, Venezuela
Asia
Afghanistan, Azerbaijan, Bahrain, Bangladesh, Bhutan, Brunei, Cambodia, China, East Timor, India, Indonesia, Iran, Iraq, Israel, Japan, Jordan, Kazakhstan, Korea, Kuwait, Kyrgyzstan, Laos, Lebanon, Malaysia, Maldives, Mongolia, Myanmar, Nepal, North Korea, Oman, Pakistan, Palestine, Philippines, Qatar, Russian Federation, Saudi Arabia, Singapore, South Korea, Sri Lanka, Syria, Taiwan, Tajikistan, Thailand, Turkey, Turkmenistan, United Arab Emirates, Uzbekistan, Vietnam, West Bank and Gaza, Yemen
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.
Their four core areas are: (1) Economic Inclusion: upskilling and reskilling talent to be competitive in a new economy, establish a career and earn family-sustaining wages to achieve intergenerational economic mobility; (2) Financial Health: efforts focused on building financial resiliency through the enablement of budget management, savings, access to credit and public/private benefits; (3) Resilient Communities: efforts that open up and expand access to physical and mental well-being resources, support for a more resilient planet through climate focused partnerships and promote resiliency through arts and culture; and (4) Impact Investing.
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
They fund intervention in the US, Africa, Latin America, Asia and Europe.
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 is interested in identifying potential partners—creating innovative community-focused solutions to help low-income and historically marginalized communities establish and build a career, achieve financial security and resilience, and live in a healthy and vibrant community that enables them to live to their full potential. They do not review unsolicited proposals for partnership. However, organisations that are interested in potentially partnering with the MetLife Foundation, can complete the information form on their website (MetLife Foundation Potential Partner Form). They will use this form to determine alignment and communicate upcoming funding opportunities.