METLIFE FOUNDATION FUNDS THE FINANCIAL EMPOWERMENT INNOVATION FUND MANAGED BY DOORWAYS TO DREAMS
NEW YORK, January 08, 2016
Doorways to Dreams (D2D) today announced the 2016 launch of its Financial Empowerment Innovation Fund. MetLife Foundation joined other D2D funders including the Ford Foundation, the W.K. Kellogg Foundation, and the JPMorgan Chase Foundation by awarding D2D a grant of $1 million.
The $3 million Fund supports D2D’s ground breaking work to develop and scale a next generation of practical tools to dramatically improve the financial security of economically vulnerable Americans.
“D2D is a practical and proven innovator and product developer with an effective process,” said Dennis White, president and CEO of the MetLife Foundation. “We are pleased to provide this investment as part of a commitment to help strengthen the financial health of lower income consumers.”
“We are delighted to work with funders who share our passion to use practical ingenuity to develop engaging consumer tools. This Fund will allow us to reach our goal of reaching 500,000 consumers with $100 million in economic impact,” said Timothy Flacke, D2D’s Executive Director.
Innovations currently in development include Ramp it Up, an app that engages high school students in the college financial readiness process, and SavingsQuest, a gamified experience that makes saving money fun and rewarding. Examples of past nationally-recognized D2D innovations include: Financial Entertainment video games and apps, Prize-Linked Savings products such as Save to Win, and Tax Time Savings initiatives such as SaveYourRefund. The generous support of donors such as MetLife Foundation will continue these efforts and generate new initiatives in 2016 and beyond.
About MetLife Foundation
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 2015, MetLife Foundation has provided more than $700 million in grants and $70 million in program-related investments to organizations addressing issues that have a positive impact in their communities. Today, the Foundation is dedicated to advancing financial inclusion, committing $200 million to help build a secure future for individuals and communities around the world. To learn more about MetLife Foundation, visit www.metlife.org.