On behalf of MetLife Foundation, I am pleased to announce an exciting new mission: financial inclusion. Beginning in September 2013, the Foundation will devote significant resources to bringing vital financial knowledge, tools and support to underserved communities in Asia, Europe, Latin America, the Middle East and the United States.
More than 2.5 billion people, almost half the world's population, live on less than $2.50 a day. And the vast majority of them live without access to basic financial services-the type of fundamental resources that can improve and protect the lives of their families, businesses and communities.
MetLife Foundation believes that affordable, accessible and well-designed financial services can transform the lives of those in need, and we have committed $200 million over the next five years to advancing this effort around the world. We have built our vision for global financial inclusion on three powerful pillars: Access to Knowledge, Access to Services and Access to Insights.
Since its founding in 1976, MetLife Foundation has provided more than $530 million in grants and $100 million in program-related investments to nonprofit organizations; I am honored to build on this legacy as we begin our new global initiative.
You will hear more about our efforts in the coming months, and we look forward to your support
Financial inclusion grant requests are accepted and reviewed throughout the year. For grants that address areas other than financial inclusion, the Foundation is accepting requests for support by invitation only.
If a request meets the Foundation's eligibility guidelines (see below) and program priorities, then both the organization and proposal will be fully evaluated.
In the evaluation of the organization, the factors considered include the organization's general structure, objectives, history and management capability; its relationship to the community and the population to be served; its position relative to organizations performing similar functions; and its financial position and sources of income.
In the evaluation of a project, the factors considered include the project's goals and implementation plans; length of time for the project to be complete; the ultimate disposition of the project; benefits of the projects; and the sources of financial and other support.
In deciding the amount of support, the factors considered include availability of funds, relative priorities and funding patterns.
Grant renewals are not automatic and cannot be guaranteed from year to year.
A qualified 501(c)(3) organization with a valid IRS Tax ID or equivalent organization
Not seeking a grant for any of the following:
Religious, fraternal, political, athletic or social organizations
Local chapters of national organizations
Organizations primarily engaged in patient care or direct treatment, drug treatment centers and community health clinics.
Direct contributions to elementary and secondary schools (including charter, parochial and private schools)
Courtesy advertising or festival participation
Sponsorships (golf tournaments, dinners, etc